UK Government Fund Invests In Cannabis Oil Company And London Microbrewery

Taxpayer-backed British Business Bank’s Future Fund, set up to provide loans in pandemic, announces 75 new investments.

The UK government has become a shareholder in a cannabis oil company, a yoghurt bar business, a London-based craft brewery and a maker of land, underwater and air drones that “take inspiration from the clever tricks that animals use to move”.

The taxpayer-backed British Business Bank’s Future Fund, set up by the government to provide loans to startups during the pandemic, announced investments in another 75 companies on Thursday including a stake in a yacht charter business, a virtual reality games developer and a cancer treatment firm.

– Read the entire article at The Guardian.

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