From PetroTech to petro-toke! (March 2014)PetroTech Oil and Gas diversifies into pot production.
A curious release from PetroTech Oil and Gas unit LP US Management Group reveals a radical diversification from its core business of enhanced oil recovery. The new unit is to ‘leverage its expertise in natural resource development’ [...] ‘to secure a leadership position in the rapidly developing marketplace around legalized cannabis and hemp production.’
LP US is to produce ‘medicinal and recreational’ marijuana for home and commercial use from a facility in Telluride, Colorado with growers in Colorado and Washington. The presence of ‘professional producer and comedian’ Jae Benjamin, who serves as president makes us wonder if this is an early April 1st tease. Seemingly it is not. More from PetroTech.
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