Going to pot: Why cannabis could be Asia's darling bud

As governments across Asia explore the upside of legalising medicinal marijuana and China expands its already substantial hemp production capabilities, major players in the fast-growing international cannabis economy see the region as a key emerging market.

You know you are living in times of irrevocable change and by extension investment opportunity when a powerful elite in Europe holds a closed-door conclave culminating in a puff of smoke and it has absolutely nothing to do with the election of a new head of the Roman Catholic Church.

That is exactly what happened earlier this month when, for the first time since its inception 48 years ago, the business of cannabis was on the official agenda of the World Economic Forum in Davos, Switzerland.

While much of the chat at a select three-hour lunch playfully dubbed the “Cannabis Conclave’’ by organisers at the sub-zero...

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