News | Upper South Island
25 Apr 2024 9:11
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  •   Home > News > National > Upper South Island

    Everyday New Zealanders are investing in a crowdfunding campaign for medicinal cannabis to be grown in Marlborough

    Everyday New Zealanders are investing in a crowdfunding campaign for medicinal cannabis to be grown in Marlborough


    Puro is using the PledgeMe platform and has so far raised 2.9 million dollars.

    That means the company can start growing hemp at its Marlborough site this week.

    Managing Director Tim Aldridge says all sorts of people are wanting a piece of their plans.

    He says a large number of people have invested between five hundred and a thousand dollars, with a significant number investing over 50-thousand as well.

    Tim Aldridge says it's an exciting new frontier of modern medicine - and people are backing New Zealand to be a player in the global market.

    © 2024 Newstalk ZB, NZCity

     Other Upper South Island News
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     15 Apr: Nelson police have arrested three men after eight deer were targeted with a vehicle
     10 Apr: Players from Auckland, Hawera, Carterton, Wellington and Picton will be enjoying a mid-week windfall, after each winning $166,667 with Lotto First Division
     10 Apr: A message for drivers to be cautious as the South Island's West Coast braces for another dumping of rain
     10 Apr: The West Coast's gearing up to face the worst of its poor weather today
     09 Apr: An off-roading track crash in Nelson has taken the lives of two people
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