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Quantum 9 Featured in Herald-Tribune as Florida Preps for Marijuana Vote

By April 28, 2014Uncategorized

Quantum 9 CEO Michael Mayes was quoted in two Herald-Tribune articles as Florida positions itself for a medical marijuana vote later this year. Both articles focused on growing facilities – as the shift will require major build-outs for entrepreneurs.

In “Ahead of cannabis vote, preparations for an industry,” Mayes backs up $10 million fundraising goals, admitting that the number may be on the light side for pharmaceutical-grade grow rooms, saying that it’s not unusual to spend up to $4 million just to get a full-size grow room going. Mayes says “this is not your closet grow room anymore.”

And while others are considering opening research laboratories, Mayes cautions hopefuls that the state will demand paperwork and visibility into the operation. He says they are going to want to know all protocols and procedures and it will have to be done tactfully.

Another article, “Marijuana firm buys Manatee buildings for possible grow facility,” focuses on the size of the grow rooms rather than preparations, after Cannabis-Rx acquired facilities near Sarasota-Bradenton International Airport.

The 9.26-acre property includes 5 acres under one roof, which would make it one of the largest grow facilities in North America, but Mayes points out that it will not be the largest, as a company in Nova Scotia has already acquired a 315,000-square-foot facility that is currently being built out. Mayes notes that the industry trend is leaning toward these extra-large facilities.

The Florida Supreme Court cleared the way in January for the medical marijuana ballot initiative to appear on the November ballot. Since then, lawmakers have introduced a flurry of legislation to reform Florida’s outdated marijuana laws. A bill to allow patients with devastating seizure disorders to use high CBD marijuana was the first to be filed, followed shortly by HB 1039, comprehensive medical marijuana legislation that would regulate and tax adult sales similarly to alcohol laws. The proposal would allow the state to control sales, collect taxes and strike an economic blow to the criminal organizations that currently monopolize the marijuana market.

About Michael Mayes

As Chief Executive Officer for Quantum 9, Inc., Michael has assisted in funding some of the largest commercial cannabis projects in the world. Michael has been a cannabis investor since 2009 in Colorado’s first legal for-profit cannabis market. As the co-founder and CEO of Quantum 9, Inc., Michael has spent years designing technology and collaborating with countless consultants on the forefront of the cannabis industry. Collaborating with the brightest minds and contributing to world-class organizations has been an incredibly enlightening and rewarding experience for him. Also, he has amassed a comprehensive and award-winning team engaged globally for public policy best practices through the prioritization of environmental sustainability and patient care. Michael is a member of the International Cannabinoid Research Society (ICRS), contributor to Marijuana Business Daily, quoted in the Chicago Tribune, Tampa Tribune, Yahoo Finance, Tampa Tribune, Sativa Magazine, CBC and the Daily Herald. His media appearances include several CBS and WGN appearances and international presence on BNN Commodities in Canada. On the public policy front, Michael and his team were instrumental in their work of drafting the Kentucky Medical Marijuana Bill for Senator Perry Clark. Most recently, Michael taught a class for the International Pharmaceutical Academy in Toronto, Canada. He spoke on Cannabis Pharmacology, and the effects cannabis has on the endocannabinoid system.

One Comment

  • Edward Cook says:

    I’d like to be able to connect the people of Florida with my book Arthritis and Marijuana to give an ageing population options for improving their health.

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