FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Regulation

London set for flurry of cannabis IPOs after UK watchdog green light

Seven firms have approached the regulator to discuss IPOs — a sign the weed boom may cross the pond to the UK

By Justin Cash
The cannabidiol market in the UK is estimated to bring in £690m in sales in 2021, according to the Centre for Medical Cannabis
The cannabidiol market in the UK is estimated to bring in £690m in sales in 2021, according to the Centre for Medical Cannabis Photo: Getty Images

The FCA has received at least seven queries about listing cannabis companies since medical marijuana became legal in the UK, data provided to Financial News show, as commentators continue to talk up the prospects for weed stocks.

Medicinal cannabis was legalised in the UK in November 2018, with specialist doctors allowed to write prescriptions for the drug.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade