Europe has a small market for investing in cannabis. However, many insiders believe the market is showing signs of life, with a new London-based investment firm. The firm is focusing on wealthy individuals hoping to raise the region’s biggest dedicated fund. Currently, North America dominates cannabis investment, with 12 out of 14 cannabis-focused exchange-traded funds globally listed there, according to data group ETFGI. However, the Firm Chrystal Capital Partners believes a growing wave of legislation will boost the popularity of cannabis investment in Europe The Firm is hoping to raise an initial $100m for the Verdite Capital Fund, an actively managed fund launched on Monday, before growing it to $200m through later fundraising.
Sean Hocking, Cannabis Law Report, 09/24/2020 02:24:19