Co-founder Corso Serra di Cassano and marketing chief Boris Blatnik (R) of Swiss cannabis producer KannaSwiss stand in between cannabis plants in the company's greenhouse in Koelliken, Switzerland March 20, 2017. REUTERS/Arnd Wiegmann
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Entrepreneurs have high hopes for cannabis in Switzerland, where business has suddenly taken off in recent months, six years after the country legalized low-potency "marijuana-light". Switzerland changed its laws in 2011 to let adults buy and use cannabis with up to 1 percent THC, the chemical compound that produces a high. The number of retailers registered to sell low-THC cannabis has risen to 140 from just a handful last year, the agency says.KannaSwiss, a wholesaler that supplies shops with organically grown low-THC cannabis to smoke or take orally, has quadrupled its staff to 20 since last year, but boss Corso Serra di Cassano says the company still can't keep up with orders.Switzerland's experimentation with low-THC cannabis comes as several U.S. states have decriminalized or legalized pot.Paul Monot, a founder of Doctor Green's cannabis shop in Geneva, said his store's trade has grown briskly following its December opening, hitting monthly revenue of 50,000 to 100,000 Swiss francs ($50,500-$101,000) on sales of 4 to 8 kilos.
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