Pioneer Bret “King of Kush” Bogue and former IT director Yorick Brown are hedging their bets on a Bahamian cannabis industry with a $2m investment in a local growing facility. Mr Brown, of Browns Point Ventures Ltd, said he and Mr Bogue - as partners in the firm Imperial Investments - have inked a memorandum of understanding with Lucayan Tropical Produce to lease a 20,000 sq metre hydroponic greenhouse with expanded capacity of up to 60,000 sq metres.

“As far as investments,” Mr Bogue said, “our initial investment will be upwards US$10m and from that we anticipate upwards of $30m in total financing for the projects that we are undertaking. Our key projects…what we are trying to provide is an alternative solution to banking and the insurance business, as far as it pertains to the cannabis and hemp industry.

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