An Iowa company with a long history of manufacturing food ingredients for humans and animals will be involved in the first company given a state license to manufacture medical marijuana. Kemin Industries president and C-E-O, Kris Nelson, will also oversee MedPharm Iowa as it manufactures cannibis oil. Nelson says Kemin has watched the medical marijuana industry for many years.
Nelson says the company has an agreement to obtain intellectual property from MedPharm Colorado, based in Denver for the manufacturing process.
Legislators voted this spring to modify the law to not only to let doctors prescribe cannabis oil for a wider variety of medical conditions — but to set up the state-sanctioned system for growing and dispensing it. Nelson says the state has given them until December of next year to start producing the product.
Kemin now makes 500 specialty ingredients for humans and animals for customers in more than 120 countries. It is a privately held, family-owned and operated company with more than 25-hundred global employees operating in 90 countries.
