While the Dutch cannabis experiment just won't get off the ground, millions are being invested in the chosen growers. This is partly done by foreign investors who want to get a foothold in Europe's first legal adult-use cannabis market.
It leads to further delays for the trial, as those investors need to be vetted first. One of the ten growers is still waiting for final approval from the government.
The sales of the cannabis experiment have been delayed until at least April 2023. This is partly due to the new investors, but some growers also fail to get a location in the municipality they had specified. In addition, a number of growers cannot open a bank account. Banks are reluctant because they do not want to be associated with cannabis cultivation.
The last grower still waiting for an agreement on its investor is Leli Holland. Nevertheless, Canadian grower Village Farms has already taken an option on 80 percent of the company's shares. Leli Holland's website has since linked directly to Village Farms' website.