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California Tribe Enters The Cannabis Market

California Tribe Enters The Cannabis Market

Posted By Toyacoyah Brown August 8th, 2017 Last Updated on: August 8th, 2017

More and more Native American tribes across the country are looking into the cannabis market as a business enterprise for their people. Most recently the Los Coyotes Band of Cahuilla and Cupeno Indians have partnered with a cannabis company in this growing industry.

Please read more from the press release below.

LAS VEGAS, Aug. 2, 2017 /PRNewswire/ — GB Sciences, Inc. (OTCQB: GBLX) is proud to announce an agreement with the Los Coyotes Band of Cahuilla and Cupeno Indians (Los Coyotes) for the purposes of establishing cannabis operations on the tribe's lands located near Warner Springs, California.



The nonbinding Joint Statement of Intent outlines plans to build and operate facilities to grow, manufacture, and distribute commercial cannabis and cannabis products in the State of California.

This is the first time a publicly traded US cannabis cultivation company and a federally recognized Native American tribe have announced a commercial cannabis venture in California.

GB Sciences will construct facilities on designated areas of tribal land for the business of cultivation, manufacturing and other commercial cannabis activities. Los Coyotes will receive 40 percent of the venture's net profits, of which 10 percent will fund tribal childhood education and elder assistance programs.

GB Sciences John Poss said, “The tribe and its leadership are ideal partners for GB Sciences. We share the same attitudes toward the business, the same intentions for the quality of the product, and the same positive goals for tribe. It is difficult to imagine a better way to enter the gigantic California cannabis market.”

Los Coyotes Tribal Chairman Shane Chapparosa said, “We welcome this important partnership with GB Sciences. They are the ideal partners to facilitate Los Coyotes' move into California's cannabis market. In addition to producing much-needed revenue and jobs for the tribe, and the partnership will confer a distinct benefit to patients as we work with GB to develop strains with great therapeutic value.”

The Statement is subject to definitive agreements between the parties to be completed and executed in the near future. Once consummated, the agreement between the Tribe and GB will result in a new entity, which would be initially funded by advances from GB, and which ultimately would be owned 60 percent by GB Sciences and 40 percent by the tribe, with GB being the manager of the operation.

The Statement also makes it clear that all applicable rules and regulations will be respected by both parties, and that appropriate, applicable licensure pursuant to, or replicating, the Medicinal and Adult Use Cannabis Regulation and Safety Act will be sought. Further, the Statement is clear that no steps will be taken that could possibly compromise or abrogate the Tribe's sovereign status.




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About Toyacoyah Brown

Toyacoyah Brown is an enrolled member of the Comanche Nation, currently living in Chicago. She received her B.A. in Journalism from the University of Oklahoma and an M.A. in Media Studies from the University of Texas at Austin. When she's not scouring the Internet for fun things to share with PowWows.com readers you can find her digging for vinyl in her local record store or curling up with a good book.



TAGGED:    california    cannabis  


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[…] last decade.  Native business has grown to every sector including agriculture, entertainment, cannabis, casinos, manufacturing, and […]

Damned

I get that for centuries indigenous people have been not only murdered, persecuted, oppressed and marginalized but also continually deprived of the ability to make a living on the reservations due to extreme government restrictions & bureaucracy, but still, when anyone goes into growing & selling of marijuana esp. for recreational use, they have to be real with themselves that they are going into the growing and selling of a drug. Period. Yes there may be some medicinal benefits AS WELL in cannabis, but the majority of the reason people consume it is, for getting high. Oh, and to make millions.
I know this firsthand, second hand and third hand from a being former heavy user to living & growing up around heavy users and addicts & dealers to working in the health and supplement field where CBD is touted as the end-all-be-all health aid which it is not. It’s just one more in the myriad of 1k’s of herbs across the world that have some medicinal benefit. But most of that is hype.
Marijuana consumed with THC is still a drug and can even be addictive. Despite the hype telling us it’s not, I’ve known many MANY people who cannot go without it and not have withdrawals and get moody. So it’s not as severe as heroin but it’s still addicitve. It is also a great opiate of the masses. So let’s be real here.
To me it’s a sign of desperation that this is all happening, tribes and poor communities taking it on. But I get it. A sign of the neglect that tribes have suffered from, to even consider selling pot as a way of making a living. I get it but it’s a split in the brain if we’re honest. Which is all I am being.
I just hope there are enough regulations to keep their residents and KIDS safe from the continued ravages of drugs and addiction, whether it be in pot, alcohol, or sugar form. I get it all too well indeed but I’m just being real and expressing concern. Hoping for the best but worried for the worst.
Peace.

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