Business focus: London’s green rush? City financiers tune in to the cannabis industry

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The crushed velvet sofas and mahogany panels of Mayfair may seem a world away from skinning up a joint in the park but London high finance and cannabis are colliding  in what’s been dubbed a 21st-century green rush.  Dozens of City types descended on the boutique Dukes hotel in St James’s on Tuesday for the Cannabis Invest UK conference, a kind of speed dating for the cannabis industry where companies showcase themselves to investors. Former investment banking analyst Patrick Morton, who hosts the regular event, says the conference was in response to investor demand for up-and-coming cannabis firms as a wave of legal changes across Europe relax weed laws.   “We get a mix of people here. Private investors, institutional investors and cannabis industry people,” he says. “Most people have a personal connection to it, they’ve got a relative ill. Business focus: London’s green rush? City financiers tune in to the cannabis industry

thumbnail courtesy of standard.co.uk

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