The authorized place for UK investors wanting to speculate in official cannabis associated entities abroad is complicated
It is now greater than two years since Canada adopted Uruguay’s result in allow the grownup private possession, sharing and cultivation of leisure cannabis.
Since then, the Canadian cannabis trade has thrived, with some forecasts predicting the market may very well be price C$97.35bn (£56bn) by 2026.
There have even have been varied funds and funding autos seeking to faucet into that progress curve.
However, the authorized place for UK investors (people and funds) wanting to speculate in official cannabis associated entities abroad is sophisticated by the Proceeds of Crime Act 2002 (POCA) and so UK investors wanting to affix this celebration face appreciable challenges.
Why is that this? The cultivation, possession and provide of cannabis stays unlawful in the UK, with the notable exception of some varieties of medicinal cannabis.
Under POCA, ‘prison…