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Crispin BluntA drug policy panel which tried to reclassify psychedelic mushrooms and cannabis owes taxpayers thousands of pounds after it closed down.
Former attorney general loses election Conservative The Conservative Drug Policy Reform Group (CDPRG) was set up last year following the arrest of a Conservative on suspicion of rape.
But it now owes £467,165 to the Future Fund, which was set up by Rishi Sunak during lockdown to provide grants to start-up companies.
The CDPRG aims to allow access to cannabis-based medical products and reform broader drug policy following the “failure of current prohibition.”
It also advocates for reclassifying psilocybin, the active ingredient in psychedelic mushrooms, to allow doctors to prescribe it.
After Mr. Blunt’s death, the group disbanded was investigated after being arrested on suspicion of rape and possession of a controlled substance.
Member of Parliament Reigate Detained by police on October 25 Holly, SurreyHe was released on conditional bail pending further investigations.
He said he would “fully cooperate” with the investigation and was “confident” he would not be charged.
Mr Blunt, who was a minister between 2010 and 2012, was granted bail again in January this year after identifying himself as the man detained by police and granted conditional bail.
this Future Fund Provide state-backed convertible loans to “innovative” businesses that can receive matching funds from private investors.
CDPRG liquidation documents signed by Mr Blunt show the Future Fund accounted for the bulk of the £495,522 owed when it ran out of cash.
A spokesperson for the British Business Bank, which manages the fund, told The Telegraph: “The Future Fund was established at the height of the pandemic to ensure capital flows to companies that would otherwise not have access to government support schemes, while securing long-term value for the UK taxpayer.
“As venture capital is a long-term investment, it is too early to tell the overall performance of the Future Fund, but due to the size of the portfolio and the commercial nature of the third-party investors, we expect it to track the market over time.”
Crispin Blunt did not respond to a request for comment. The Independent.
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