About £45 million has been raised in the London markets for cannabis firms just this year, say analysts.
While this is just a drop in the ocean compared to the £30 billion raised in North America count on to see far more money heading into Europe more than the coming months. The Proactive Investors internet site highlights investigation from stock broker Liberum, which calculates cannabis sector fundraising totalling £45 million, in 2019, so far.
It also quotes Ben Langley, chief executive of London-primarily based cannabis company Grow Biotech, as saying that a ‘steady wave of capital is flowing to Europe’ from across the Atlantic
Money To Deploy
He went on to say North American interest in Europe really should be observed as an ‘enabler of development, rather than some thing to be feared’ adding these entrepreneurs have ‘cash to deploy, worldwide ambitions, and expertise operating in legal markets’.