A huge greenhouse growing cannabis for medicinal use could be built in Wiltshire within two years by a company aiming to dominate a marketplace opened by a Government decision to allow prescribed use of the drug.
Alongside the plan, sister company George Botanicals today reported a major growth in the production and sale of legal cannabis oil-based products – oils, balms and capsules – from the two companies’ headquarters in Beckington, near Frome.
Geremy Thomas, chief executive of Sativa Investments, said: “In the 1970s the Nixon government made cannabis public enemy number one; that political decision held back much research into the positive side of cannabis, and only now are we seeing the medicinal benefits of it.
Sativa Investments (NEX:SATI) is the UK’s first medicinal cannabis investment vehicle. After investing in two North American businesses, it is now progressing a UK seed to consumer investment strategy with 100% ownership of businesses involved in the production, testing and compliance, research & development including pharmacology, commercialisation and sales & marketing of medicinal cannabis and cannabidiol products. Two UK businesses, George Botanicals and PhytoVista Laboratories, are already fully operational.