Big marijuana producers struggle to meet demand for legal marijuana
A former Surrey B.C. councillor is heading a new co-op venture to bring people licensed to grow their own medical marijuana into a co-op to supply the legal cannabis market.
Barinder Rasode is CEO of the venture, a partnership with Grow Tech Labs(GTL) and Victory Square Technologies based in Vancouver. With supply shortages across the country since Canada legalized recreational cannabis last fall, the company hopes to step up to the national and international markets.
The B.C. Small Cannabis Producer and Processor Co-op is planning to incorporate under provincial co-operative legislation to “help maintain the province’s historic position as a global cannabis leader,” the company announced Tuesday.
“B.C. has a lot to gain by ensuring thousands of existing Health Canada registered growers are active participants in Canada’s cannabis economy,” Rasode said. “With their combined capacity, these small B.C. producers and processors could become one of the largest cannabis enterprises in Canada.”
The company is inviting licensed growers to contact the venture by email at email@example.com to get more information on the co-op development phase.
“We are excited to see micro-growers participate in this co-operative,” said Shafin Diamond, co-founder CEO of Victory Square Technologies.