“The legal cannabis industry is a once in lifetime macroeconomic event for Latin America. The industry creates the opportunity to mitigate existing poverty levels and fight wealth inequality. This is where venture capital comes along with cannabis as a major driving force for social change.”
⎼ Carol Ortega Algarra
Led by Founder and CEO Carol Ortega Algarra, MCG is a diverse ensemble of consummate professionals with extensive worldwide experience in the legal cannabis industry. Carol serves on the Colombian government’s policy making committee which has the ongoing challenge to improve the existing regulation, and was instrumental in Colombia’s efforts in developing medicinal cannabis. This initially resulted in Law 1787 and Decree 613 which created the regulatory framework enabling safe and informed access to the medical and scientific use of cannabis in Colombia. The laws essentially legalized medicinal cannabis products for export and domestic use and created an entirely new cannabis industry. It also propagated immense opportunities for MCG. “We are an investment management firm looking to support Latino initiatives in the legal cannabis industry through a combination of acquisitions, business incubation, and venture capital,” Carol said. “Our target is to build a portfolio of leading companies that will shape premium cannabis brands worldwide.” Carol also holds the distinction of being the first woman in South America to make an investing pitch for a cannabis company.
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