Hill Dickinson Senior Associate Rohit Fogla explores the UK’s regulatory landscape concerning cannabis finance.
As policy on cannabis in the UK and Europe continues to evolve, Rohit Fogla, Senior Associate at Hill Dickinson LLP, outlines the current regulatory regime for medical cannabis, capital raising and investment options for enterprises and investors operating in this sector.
Medical cannabis in the UK
In November 2018, the UK government changed the law to make it possible for ‘cannabis-based products for medicinal use in humans’ (CBPMs) to be ordered and prescribed by specialist practitioners without a controlled drugs licence. At the time, it was thought this might be the gateway to further liberalisation of the restrictions on cannabis in the UK, which would foster the development of a UK medical cannabis industry.
However, due to restrictions put in place around the reforms that were introduced, only a very small number of patients with a limited range of…
Original Author Link click here to read complete story..
