The Green Wave – Legal Challenges, Considerations for Investors in Cannabis Industry

The Green Wave – Legal Challenges, Considerations for Investors in Cannabis Industry

By Faraz Alam Sagar & Pragati Sharma March 17, 2020 Marijuana or cannabis can be used to treat a multitude of diseases; more importantly, it is known to be effective in reducing pain. In countries or states where medical marijuana is legal, doctors can prescribe it to alleviate nerve pain or glaucoma, or at times to help with nausea caused due to chemotherapy for cancer patients as well as treatment of HIV patients. Investment in cannabis/ marijuana is not new. Venture capitalist Peter Thiel’s Founders Fund invested in the cannabis industry in 2015. Pharmaceutical companies and governments have long been investing in medical cannabis and conducting scientific research into its medicinal properties. Wellness and health brand, Goop, owned by Oscar winning actor Gwyneth Paltrow, is actively investing in the cannabis industry and selling CBD Oil (a cannabis derivative with potential therapeutic/ medicinal uses). Harvard economist Jeffrey Miron estimates the legal and illegal cannabis market to be currently worth USD 14 billion. The US Government estimates the cannabis industry to be worth USD 60 billion. In 2017, a Mumbai-based medical research startup, Bombay Hemp Company Pvt. Ltd. (BOHECO), which studies the medical use of cannabis, raised INR 6.25 crore (USD 1 million) from a group of investors led by Ratan Tata. Major investors in the cannabis industry fall into four categories: friends and family, investors who advocate legalising cannabis, private equity and hedge funds, and those looking to make a quick buck. Legal Restrictions The legality of cannabis for medicinal or recreational use varies from country to country, regarding possession, distribution,…

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Source : CANNANNEW REPORT
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