But critics say the compound’s medical benefits are unproven, and Epidiolex, one of the most prominent epilepsy medicines, is not yet licensed in the UK.
Mr Simon, a Chelsea-based film producer who became the first investor in the venture, said he was convinced of CBD’s health benefits.
“When Richard first called to tell me we’ve been offered an opportunity to open factory to produce CBD oil in Lesotho, to be honest, I didn’t have a clue what that was,“ he said.
“I rang my grandmother and asked her about it: She told me “Joey,. I’ve been taking it for years, its helped my arthritis and I threw away my prescription meds’. So I googled it and asked around and rang Richard back and said: ‘Yes, I’m in.’”
The three men say their investment will contribute to a rapidly growing industry with the potential to create hundreds of jobs for cannabis farmers