FutureLand (FUTL) Sets a Course to Jamaica's Cannabis Market
Denver, Colorado, Sept. 22, 2015 (GLOBE NEWSWIRE) -- FutureLand Corp. (OTC: FUTL), a leading provider of strategic real estate investment and grow facilities and material solutions to the global cannabis industry, today announced that it has signed a Memorandum of Understanding to acquire 35% of Raw Essentials International LTD ("REI"), a Jamaican Cannabis Company. The agreement involves all REI enterprises including bottling, growing, production, research and development, security, management and a heavy emphasis on extractions. HempTech and CB Scientific will also have major roles in this agreement. The MOU is signed to encourage greater economic relations and to facilitate domestic and bilateral trade.
REI is helmed by US cannabis grow expert and award winning grower, Brett Bogue. Mr. Bogue, who has been dubbed "The King of Kush", who has spent substantial resources in Jamaica over the last couple years in preparing for the legalization of cannabis. On 25 February 2015, the Jamaican House of Representatives passed a law decriminalizing possession of up to 2 ounces of cannabis. The new law includes provisions legalizing the cultivation for personal use of up to 5 plants, as well as setting up regulations for the cultivation and distribution of cannabis for medical, tourism, religious purposes and natural growth. While Jamaican tourism is a large boon for the industry as it gains traction, so too are the importing and exporting of products to the entire world.
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