Business
South American Gold Corp. Announces Partnership in First Utah Medical Cannabis Business Conference and Expo
South American Gold Corp. Announces Partnership in First Utah Medical Cannabis Business Conference and Expo.
About this update from South American Gold Corp
[{"type":"text","content":"\nLas Vegas, NV, July 30, 2018 (GLOBE NEWSWIRE) -- South American Gold Corp. (Sativa Growth International OTC Pink: SAGD) (\"Sativa Growth\", or the \"Company\"), an emerging cannabis supply company, has partnered with City Weekly of Salt Lake City to host the first annual medical cannabis conference in the State of Utah; Utah Cann 2018. The conference will take place October 19th and October 20th, 2018 at the Mountain America Expo Center in Sandy, Utah.\n 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 was projected at $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 progra...