Making a killing on cannabis
Rarely does an enormous, totally virgin industry emerge with guaranteed demand, where startups are better placed to capitalise than big corporates. Beyond the ethical debate around legislation of cannabis, it’s this tantalising commercial prospect that’s getting a growing number of people excitedly sizing up opportunities and making business plans in anticipation of a change in law.
Each year, over 1,000 tonnes of cannabis is produced across the UK in secret basements, bedrooms, repurposed sheds and warehouse farms. Another 200 tonnes is imported from places like Morocco and the Netherlands. In short, UK cannabis production is booming.
It’s consumed by a two and a half million strong cross-section of the UK, who finance a lively £6.8bn industry of big and small producers, importers and dealers, all operating outside the law. It begs the question: what would happen if it all became legal?
The modern reference point for a legitimate weed sector...
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