King Letsie III of Lesotho will join investors to open the Verve Lesotho cannabis processing facility in a lavish ceremony as the land-locked nation seeks to a foothold in one of the world’s fastest-growing industries.

The company’s British founders claim the extraction plant will produce more cannabidiol (CBD), a cannabis extract which some say has extraordinary healing powers, than any other facility in the southern hemisphere.

“We are poised to become of the lowest cost producers of medical cannabis extracts in the world,” said Sam Matekane, a prominent Lesotho businessman who teamed up with Brits Richard Davies and Joe Simon to set up the venture.

Lesotho, which long be….. Read on at https://www.telegraph.co.uk/news/2019/08/01/lesotho-cashes-medicinal-cannabis-boom-british-firm-opens-cbd/