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Wednesday, April 21, 2021 6:13:30 PM
The resulting products are planned to be distributed in the markets of Europe and Asia.
American Vics announced plans to grow cannabis in Uzbekistan, Spot reports .
Kyong Le KIM, CEO and founder of Vics, said it was a "colossal project" that more than 20 companies wanted to get their hands on.
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"We intend to create a standard for the construction of large-scale cannabidiol production in Uzbekistan and to disseminate this model ," he said.
Recently Vics sold 19.9% ??of another American company, Transcendence, which in turn is a subsidiary of Pervasip Corp. - a large corporation whose shares are traded on the stock exchange.
According to Cesar ERRERA, President of Transcendence, the company plans to work closely with the Uzbek government to help create legislation related to the cultivation and processing of cannabidiol.
"Uzbekistan is at the initial stage of market development, so we will occupy a strategic position to create infrastructure ," he explained.
Vics and Transcendence will share all income and expenses for the project in Uzbekistan.
Cannabis in Uzbekistan
Recall that companies from France, Turkey and Malta have already shown interest in growing technical hemp. This is due to the fact that more than 30 thousand items of various products can be produced from industrial hemp. At the same time, the marginality, for example, of food products made from hemp is the lowest in the sector, but it is also the least expensive and has the widest circle of consumers.
Cannabis with 0.2% tetrahydrocannabinol, which is allowed to be used in Uzbekistan, is suitable for obtaining oil, textiles, cellulose, and so on, and is completely unsuitable for intoxication, since the psychotropic effect is manifested somewhere starting from 20% of tetrahydrocannabinol in the plant.
https://ratel.kz/perimeter/amerikanskaja_vics_budet_vyraschivat_i_pererabatyvat_kannabis_v_uzbekistane
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