Despite the constraints faced by medical cannabis in the UK, [Saul] Kaye, [the Israeli entrepreneur behind the event,] estimates the CBD industry here is worth £200m already and boasts around 20-30 companies. He says he has “been working with the regulator to get better policy.”
RELATED: International Cannabis News
At the London conference CannaTech, in a former brewery in the east of the city, he expects a mix of international companies and investors to mingle. In the US – where more than 20 states permit cannabis for medical purposes – the investment market is big business. It even boasts investors specialising just in cannabis companies, such as Privateer Holdings, which invests in businesses with the family of the late Bob Marley.
Kaye says Europe has some catching up to do, but adds: “It’s a significant industry that can’t be ignored any more.”
