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U.K. Takes Stakes in Cannabis and Yacht Companies in Pandemic

  • CBD maker among 75 new equity stakes declared by Future Fund
  • Pandemic start-up rescue program has loaned $1.43 billion
Grass & Co. is a mail-order CBD company whose products promise relief from anxiety. 

Grass & Co. is a mail-order CBD company whose products promise relief from anxiety. 

The U.K. government has become a part owner of a medical cannabis company, a yogurt bar business and a yacht charter firm after another 75 emergency start-up loans made during the pandemic converted into shares.

Grass & Co., which makes cannabidoil health products from the non-intoxicating chemicals found in hemp, was among the latest set of companies in which the government’s Future Fund declared an equity stake.