Marapharm Ventures Inc. (OTCQB: MRPHF) (CSE: MDM.CN) (FSE: 2M0) ("Marapharm" or the "Company") (http://www.marapharm.com/). On August 22, 2017 the Nevada Department of Taxation, the main oversight body for marijuana in the state, conditionally approved an application for a marijuana establishment distributor license, subject to vehicle and facility inspections.
This is the first award among multiple applications Marapharm submitted. The conditional approval means Mararpharm may proceed with purchase of vehicles with essential operating standards that include interior climate control to ensure the integrity of the products carried between licensees and security features to protect product, drivers, and the community during transit.
"Marapharm is one of the first marijuana businesses of more than 80 applicants to receive a conditional distribution license. This is great news." Linda Sampson, Marapharm CEO
Excerpt from Wells Publishing, August 14, 2017 Insurance Journal:
"Nevada marijuana regulators have decided to start issuing pot distribution licenses to businesses other than liquor wholesalers to keep up with overwhelming demand since legal recreational sales began July 1.
The Nevada Department of Taxation voted to open up the market previously limited to liquor distributors under the state ballot measure voters approved in November.
The department declared the need for the emergency rules shortly after marijuana retailers recorded more than 40,000 transactions in the first weekend of legal sales. Some of the dispensaries that previously sold pot for medical use said they saw their sales increase 10-fold."
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