BYBEN STEVENS SEPTEMBER 15, 2023 IN BUSINESS OF CANNABIS EUROPE, REGULATION
This week, the APPG for Industrial Hemp & CBD met in the Houses of Parliament for a discussion around the investment and economic potential of the UK’s hemp and CBD industry.
A presentation led by Co-founder and CIO of global cannabis investment firm Artemis Growth Partners, Will Muecke, suggested that London and the UK is ‘perfectly poised’ to be the ‘single centre as a hub of global cannabis financial trade’.
However, as the APPG and its members have repeatedly highlighted, this economic opportunity is being hamstrung by the UK’s Proceeds of Crime Act (POCA), not only limiting cannabis operators but also preventing trade and investment from taking place.
Yet, as highlighted by the group’s co-chair Crispin Blunt MP, ‘this is where the opportunities really begin, when serious finance and investment figures’ are given the opportunity to ‘deliver the arguments that will get politicians to reassess the position that we’ve created’.
