Feb. 26, 2020

Creative Financing For Medical Marijuana Is On The Mind One Georgia Lawmaker

Creative Financing For Medical Marijuana Is On The Mind One Georgia Lawmaker

www.GoodMorningGwinnett.com A Lithonia lawmaker whose district includes part of south Gwinnett wants to explore financing options to help minority businesses have a fair shot at participating in the Georgia’s burgeoning medical marijuana industry....

www.GoodMorningGwinnett.com A Lithonia lawmaker whose district includes part of south Gwinnett wants to explore financing options to help minority businesses have a fair shot at participating in the Georgia’s burgeoning medical marijuana industry.

Rep. Dar’Shun Kendrick, D-Lithonia, is sponsoring a resolution that would create a study committee of state lawmakers that would meet later this year to look at financing low-interest loans for medical cannabis dispensaries owned by minorities, women and military veterans.

If created, the study committee would also consider “emerging technologies” including blockchain systems - like electronic bitcoins - that aim to “reduce or eliminate the handling of cash” in transactions involving medical cannabis.


The House Special Rules Committee did not vote on the resolution at its hearing Tuesday.

Low amounts of oil containing the active chemical in marijuana, called tetrahydrocannabinol, or THC, have been legal since 2015 in Georgia for use in patients diagnosed with certain conditions like terminal cancer, severe Alzheimer’s disease, autism and post-traumatic stress disorder.

SOURCE: www.GwinnettDailyPost.com
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