KRTL Holding Group, Inc. (OTC: KRTL) and ICANN Ventures have now collaborated with Yeungnam University in South Korea in a revenue-sharing partnership aimed at reshaping the country’s cannabis industry.
On Friday, the three parties announced a new affiliation with the CBD Training Academy, a so-called global cannabis learning community that will introduce KRTL, Yeungnam and ICANN’s hemp business acceleration services and programs.
The training academy will start providing specialized courses, masterclasses and comprehensive professional certificate courses next month in Korea.
The new courses from the CBD Training Academy – Korea will be designed to offer Korean students a valuable education in the cannabis ecosystem while having a positive impact on the national hemp industry.
The academy will be open to corporate executives and other professionals involved in the country’s special “free zone” for industrial hemp in Gyeongbuk province where Korean officials plan to centralize their industrial operations involving the plant.
“The CBD Training Academy goes beyond business as usual. I am very proud to say that every course is embedded with best practices, including the latest medical, clinical, and scientific advances in using hemp for health and wellness,” said Rick Diamond, CEO of ICANN Ventures, a parent organization of the CBD Training Academy.
Topics covered at the CBD Training Academy will include dosing, sales and marketing, history and law. KRTL says that the courses there will be taught by various industry leaders including logistics experts, doctors, cannabinoid lawyers, retailers and distributors.
“Education is fundamental to the development and growth of all sustainable infrastructure. Agricultural innovations and education can enhance efficient public administration and the private sector for sustainable growth,” said Kai Kim, CEO of KRTL International.
“For countries to reap these benefits fully, they need to unleash the potential of the human mind. And there is no better tool for doing so than education. We are happy to have introduced this educational mechanism that can accomplish all this with a trilateral revenue sharing structure.”
In South Korea, CBD is currently legal for those who have a medical prescription from a doctor for it, and in July, the Korean Ministry of Food and Drug Safety permitted patients suffering from rare and incurable diseases that had exhausted all other treatment options to import and use cannabis-derived medicines from other countries.
Although the legal framework in Korea is quite strict in comparison to other countries, KRTL says that recent move is a huge step forward in a country with very stringent cannabis laws. The future for cannabis in Korea is looking brighter, according to KRTL.
“The CBD Training Academy’s curriculum is unlike any other in the country. We are a game changer in Korea’s cannabis education scene, bringing three authoritative organizations together to advance the knowledge and education for this new industry,” said Dr. Kyeung-Il Park from the Department of Horticulture and Life Science at Yeungnam University.
“Students will obtain the most resourceful and dynamic educational programs. I’m very excited to welcome the first batch of students, and I feel privileged to witness the students’ growth in their cannabis studies at the CBD Training Academy.”