London Stock Exchange 2021 – London Is Open


  ‘London Is Open’ is a three-part series from Cannabis Europa and Prohibition Partners exploring the promising opportunities for successful medicinal cannabis and CBD companies listing on the London stock markets this year.  Issue 1 Companies Looking to List: Why London, Route to Market, Expectations? FCA opens the London Stock Exchange to Cannabis On 18 September 2020, the UK’s Financial Conduct Authority (FCA) updated its guidelines regarding cannabis-related businesses (CRBs) looking to float on the London Stock Exchange (LSE). The UK’s financial regulator announced that UK-based medicinal cannabis and CBD companies are eligible to float on the LSE as long as they hold the appropriate Home Office licences. The update mentions that overseas licensed CRBs may also be admitted to the Official List as long as their operations and activities are deemed legal under UK jurisdiction. Although the updated guidelines are subject to further consultation, the announcement is a big step for the cannabis industry. It opens up the opportunity for CRBs to join the largest stock exchange in Europe, thus providing companies access to large amounts of capital and providing investors with more opportunities to invest in the exponentially growing cannabis industry. Unlocking the Potential of the London Stock Exchange As one of the world’s oldest and largest stock exchanges in Europe, it is no surprise that a listing on the LSE is an incredible opportunity for the cannabis industry. The LSE is one of the most international capital markets, holding 1,125 companies from more than 100 countries, culminating in a combined market cap of £3 trillion. The stock exchange holds the FTSE 100 Index and offers companies excellent visibility and essential media coverage to gain traction. In 2020 alone, the LSE raised £37.4 billion with 34 companies listing on the stock exchange, of which 17 were from abroad.…

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