LAS VEGAS, Oct. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sativa Growth International (OTC Pink:SAGD) (“Sativa Growth” or “Company”) announced the start of the long awaited UtahCann 2018. The conference begins today at the Mountain America Expo Center in Sandy, Utah.
Sativa Growth is fully committed to the education as well as propagation of the medical cannabis industry, and as such has taken a key role in the cultivation of both industry and education to the State of Utah. The Company has strategically aligned key industry leaders, who have seen success in the industry and have helped to pave the way for opportunities in states that are still pending legislative action on cannabis bills.
Gary Austin, Director of Sativa Growth, stated, "The objective of the conference is to educate both professionals and the general public. It is our responsibility to ensure everyone has access to the science and facts, rather than only biased and politically motivated information. We have requested the expertise of doctors, scientists, manufacturers, entrepreneurs, and personal testimonials to accurately convey the power of medical cannabis in both private uses, as well as business opportunities. In order for medical cannabis to build trust in consumers, we must start with education."
The cannabis industry is reporting all-time high revenue in states where legalization has taken place. Both Colorado and Washington have experienced tremendous growth in the cannabis business ecosystem.
Even setting aside financial gains by the myriad private businesses now operating in each state and focusing instead on state revenues such as excise taxes and licensing fees, the case is clear. In 2014, Colorado received over $76 million in revenues, $35 million of which went directly toward funding the state’s education system. In 2015, total tax revenues from cannabis increased to over $135 million.
In 2016 the State of Washington’s tax revenues from cannabis were projected to be $185 million, with the expectation of 2017 reaching over $230 million. The lion’s share of tax revenues in Washington is slated for public health programs including Medicaid, substance abuse prevention, and community health centers.
"We have a responsibility to share the positive impact of the industry with not only our valued shareholders but also the general public and private business community. We see our position in this conference as nothing less than an honor." SAGD Director Gary Austin continued, "We have no doubt the conference will be a success and lay the groundwork for a solid industry foundation for the State of Utah and contribute to a favorable outcome in the November vote. We have already gained the support and committed participation of Project CBD, one of the largest educational resources for medical cannabis and many other industry leaders including Martin A Lee, Stormy Simon, and Nancy Whiteman. Our attendees will have the first ever local opportunity to gain valuable knowledge of the industry and how it could impact them, and their way of life."
About Sativa Growth International
Sativa Growth International (SAGD) is an operational management company focused on shareholder value by acquiring and operating undervalued cannabis and tech assets.
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