An Icelandic entrepreneur who owns a stakes in Canadian cannabis farms urges Icelandic authorities to look into legalizing industrial scale cannabis manufacturing for export. He told the local newspaper Bændablaðið that Iceland has the right ingredients to manufacture high quality cannabis, including cheap electricity and clean water. The most important ingredient, know-how, is also present he argued, as his sources claim that the quality of cannabis which is grown illegally in Iceland is extremely high.
The manufacturing and sale of cannabis is illegal in Iceland. Polls have shown that the majority of Icelanders are opposed to legalization. Opposition is heavily concentrated in the oldest age groups with younger people in favor of legalization. The Pirate Party is the only Icelandic political party which has publicly debated changing the law.
From skyr to pot
Árni Þór Árnason, who was the CEO of one of the largest wholesale firms in Iceland before he became an independent investor, owns stakes in three Canadian cannabis farms. Among investments Árni made prior to his move into cannabis manufacturing was a company which hoped to manufacture Icelandic skyr for export markets.
Read more: Do Icelanders really smoke more cannabis than anyone else?
While Árni's skyr manufacturing didn't prove successful, the yield on his investments in Cannabis manufacturing has been in excess of 500% in the first year. He told Bændablaðið that cannabis manufacturing could be a welcome boon to Icelandic farmers, who have been facing tough times in recent years.
The Icelandic cannabis would be sold as Pure Icelandic.
An Icelandic entrepreneur who owns a stakes in Canadian cannabis farms urges Icelandic authorities to look into legalizing industrial scale cannabis manufacturing for export. He told the local newspaper Bændablaðið that Iceland has the right ingredients to manufacture high quality cannabis, including cheap electricity and clean water. The most important ingredient, know-how, is also present he argued, as his sources claim that the quality of cannabis which is grown illegally in Iceland is extremely high.
The manufacturing and sale of cannabis is illegal in Iceland. Polls have shown that the majority of Icelanders are opposed to legalization. Opposition is heavily concentrated in the oldest age groups with younger people in favor of legalization. The Pirate Party is the only Icelandic political party which has publicly debated changing the law.
From skyr to pot
Árni Þór Árnason, who was the CEO of one of the largest wholesale firms in Iceland before he became an independent investor, owns stakes in three Canadian cannabis farms. Among investments Árni made prior to his move into cannabis manufacturing was a company which hoped to manufacture Icelandic skyr for export markets.
Read more: Do Icelanders really smoke more cannabis than anyone else?
While Árni's skyr manufacturing didn't prove successful, the yield on his investments in Cannabis manufacturing has been in excess of 500% in the first year. He told Bændablaðið that cannabis manufacturing could be a welcome boon to Icelandic farmers, who have been facing tough times in recent years.
The Icelandic cannabis would be sold as Pure Icelandic.
