UK missing out on cannabis industry ‘green rush’ worth billions because of outdated policies, say experts

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The UK is missing out on a cannabis “green rush” worth billions of pounds because of nonsensical prohibition policies that criminalise a legitimate medical industry, hurting thousands of patients with debilitating conditions, experts have warned. The comments from leading cannabis industry experts come as investors from around the world gather in London on Tuesday for Cannabis Europa, a conference to highlight the growing opportunity presented by medical cannabis in Europe. Neil Marouka, a managing director at investment firm Cannacord Genuity and a leading cannabis industry analyst, said that the UK was “absolutely missing out on a huge opportunity” for generating tax revenues from the legal cannabis business, while other countries surge ahead. Demand in his native Canada is “insatiable”, he said. “We don’t have the domestic capacity to grow what we need to satisfy it.” Cannabis has been legal for medical purposes in Canada since 2002. UK missing out on cannabis industry ‘green rush’ worth billions because of outdated policies, say experts

thumbnail courtesy of independent.co.uk

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