Study: UK Cannabis Industry Could Be Worth $2.8B Per Year If These Problems Are Fixed

Solicitors, the paper is supported by sixteen industry heavyweights including Prohibition Partners and the Primary Care Cannabis Network.

In November 2018, the government announced that medical cannabis could be prescribed to patients by specialized doctors, but so far only three NHS prescriptions and 6,000 private prescriptions have been issued.

enjoys a reputation as a globally dominant medicinal cannabis producer, almost all of the medicinal cannabis products prescribed in the U.K.

“The U.K.

Production of the U.K.’s medicinal cannabis products is confined to one main grower – British Sugar – and one main producer – GW Pharmaceuticals PLC- ADR .

As of October 2019, there were just 19 extant licenses to cultivate high-THC cannabis in England, Wales and Scotland, and many of these are owned by GW Pharmaceuticals.

Ricardo Geada, partner and head of the cannabis and regulatory team at Mackrell.Solicitors, spoke with Benzinga.

law, the stalks of the hemp plant can be used for textiles and the seeds for food products, but its flowers and leaves – where the majority of the CBD resides – must be destroyed.

See more from BenzingaClick here for options trades from BenzingaEurope To Get Novavax COVID-19 Vaccines But Not Before End Of 2021: ReutersNovavax Next In List To Start Testing Its COVID-19 Shot In Adolescents© 2021 Benzinga.com.

Imagine a cooking show with puppets and you’ll have the wrong idea.” Conan premiered on TBS in November of 2010, but news of the talk show coming to an end was reported last November.

But the rest of the world has caught up to us.”Biden has vowed to unite parties across the aisle to back his tax and spending proposals.That also includes more than $2 trillion to rebuild American infrastructure, like roads and internet access.So far, he’s faced staunch opposition from Republicans.Democrats hold slim majorities in both houses of congress and it may become even more difficult to pass legislation if Democrats lose their majority in 2022.The president and his top officials are traveling the country to stir up enthusiasm for the proposals, targeting Republican-held areas.

Cheney tweeted that the election was “not stolen” and anyone who “claims it was is spreading THE BIG LIE, turning their back on the rule of law, and poisoning our democratic system.” In response to the Fox & Friends interview, Cheney spokesperson Jeremy Adler on Tuesday said the issue is “whether the Republican Party is going to perpetuate lies about the 2020 election and attempt to whitewash what happened on Jan.

wheat futures have surged 53% since late June, touching an eight-year high last week.Australia has been China’s biggest provider of barley over the past decade, according to MIT Media Lab data through 2019, with the Asian giant regularly sourcing well over half of its imports from Australian farms.Read more on the China-Australia trade feud:Australia Probe of China Port Signals Trouble for BeijingChina Is Drinking Barely A Drop of Australian Wine After TariffsAustralia Won’t Swap Values for China Talks, Minister Payne SaysFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Franco-Italian chipmaker STMicroelectronics sees no reason to join a potential European Union semiconductors alliance, its chief executive said on Tuesday, as the European Commission is seeking to boost Europe’s independence in microchips.

“But there is a journey for hydrogen to make to attain that status of mainstream energy source.”China’s biggest refiner China Petroleum & Chemical Corp., better known as Sinopec, touted the gas in a recent broadcast on state television, and the National Development and Reform Commission, the nation’s top planning body, selected it as one of the nation’s “future industries.” Sinopec has about 27 pilot hydrogen refueling stations and plans to expand the network to around 1,000 by 2025.“In some cases it will be hydrogen as a gas or liquefied form, and in some cases people are looking at carriers of hydrogen like ammonia, potentially as a fuel for marine,” said Shell’s Bentham.Refiners are already among the biggest hydrogen producers because they use it to remove sulfur from fuels and to maximize production of gasoline and other lighter fuels.

New York timeThe Nasdaq 100 fell 1.85%The Dow Jones Industrial Average was little changedThe MSCI World index fell 0.8%CurrenciesThe Bloomberg Dollar Spot Index rose 0.3%The euro fell 0.4% to $1.2017The British pound fell 0.2% to $1.3887The Japanese yen fell 0.2% to 109.29 per dollarBondsThe yield on 10-year Treasuries declined one basis point to 1.58%Germany’s 10-year yield declined three basis points to -0.24%Britain’s 10-year yield declined five basis points to 0.79%CommoditiesWest Texas Intermediate crude rose 2.3% to $66 a barrelGold futures fell 0.7% to $1,779 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

“While these ESG-friendly assets have significant potential in the longer term, we believe caution is warranted.”The Newton Sustainable Global Equity Fund favors companies that have a clear plan to transition their businesses to accommodate the changing world, even if they are not necessarily at the vanguard of ESG.These may include utilities that are trying to get rid of coal assets and shift to renewables, as well as air-conditioning companies that are developing technologies to produce more efficient units, said Yuko Takano, who manages the fund in London.“We want to dig a little bit deeper into the less obvious areas where there is some element of technology innovation going that is not necessarily a focal area for most investors but we find to be quite interesting,” Takano said.Green BondsThe surge in ESG assets is not just moving stocks, it is also being felt in fixed income.Issuance of so-called green bonds, which raise funds for projects that deliver environmental benefits, jumped to $111 billion in the first quarter, nearly three times a year earlier, according to Calvert Research and Management in Washington.“The pandemic has heightened the awareness of environmental, social and governance factors as drivers of social responsibility and impact, as well as financial performance — turning 2020 into a pivotal year for responsible investing, especially in fixed income,” Brian S.

NEW YORK/CHICAGO -General Electric Co shareholders rejected top executives’ compensation packages, including a payout of as much as $230 million to CEO Larry Culp, at the industrial conglomerate’s annual shareholder meeting on Tuesday.

…Read the full story