That’s how much jail time you can get just for smoking marijuana in Hong Kong.
While most of the spending will occur in North America and Europe, Asia’s contribution is expected to rise with Thailand and Malaysia considering the legalization of medical marijuana.
The Hong Kong Cannabis Investor Symposium is expected to draw some 200 attendees.
Many of the executives scheduled to speak are — not surprisingly — from Canada, which this month became the first major economy to legalize recreational pot use.
Cannabis Canada is BNN Bloomberg’s in-depth series exploring the stunning formation of the entirely new – and controversial – Canadian recreational marijuana industry.