The first investor symposium in Hong Kong

the first ever cannabis investor symposium in hong kong 2

Global cannabis companies have come to Hong Kong with their own investor forum, and called on local authorities to legalize the medicinal use of cannabis.

Le Cannabis Investor Symposium (during CannaTech) takes place in Kowloon, with tickets amounting to US $ 1. Hong Kong attracts 000 entrepreneurs and investors looking to invest in markets where cannabis use is legal. But the authorities quickly put an end to the idea, claiming that there was no market in the city for this "drug", even for medical purposes....

symposium, investors, forum, CannaTech, Hong Kong

CannaTech in Honk Kong

Saul Kaye, Founder and CEO of iCAN Israel Cannabis is one of the event organizers. He says he wrote to officials in Hong Kong a few weeks ago to explain the purpose of the symposium and invited them. But his invitation was rejected overwhelmingly, without knowing which authorities were concerned ...

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symposium, investors, forum, CannaTech, Hong Kong
“Cannabis is not a drug. It is an excellent medicine and it is natural. We have really started to revolutionize the way we think about cannabis. »Says Kaye.

A forum under close surveillance

Before the start of the forum, the organizers told participants that no cannabis use would be allowed. Cannabis trafficking in the city carries a maximum penalty oflife imprisonment… While for its possession or the simple fact of inhaling the substance, can cost up to seven years imprisonment.

symposium, investors, forum, CannaTech, Hong Kong
Indeed, cannabis is considered a dangerous drug in Hong Kong.

The Post contacted the Security Bureau, police and customs authorities. But none of them was aware of an invitation to participate in the event. However, the police warned that anyone selling cannabis in Hong Kong, (even outside the city ...) would commit a crime, while customs officials said they would closely monitor any activity in the city. Cannatech and would take prompt action if necessary.

However, Saul Kaye retorts: “We wanted the local authorities to be in the room - We want to help them get better regulation - And, we want to help them understand that this is not illegal. Because, it is not a black market. "

Mr. Kaye added that the cannabis trade in Canada was worth around 100 billion . And that he hoped to attract Chinese investment in these projects. However, Hong Kong police have warned on their website that long-term cannabis users could suffer from endocrine disorders, conjunctivitis, bronchitis, and smoking-related illnesses ...

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Recall of circumstance

Professor William Chui Chui Chun-ming, president of the Society of Hospital Pharmacists, said cannabis had medicinal value in the 60s as a pain reliever or anti-vomiting drug.

“Just because it's a natural remedy doesn't mean it's not harmful,” Chui said. “Although it can relieve pain and anxiety, it causes a lot of side effects such as increased heart rate and influence on the brain. Besides, it's also addicting. "

The Office of Food and Health said the authority was unable to comment on the matter ...

Tags : BusinessAsia
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