FCA Publishes Guidance On Its Approach To Cannabis Companies Looking To List In The UK

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Contributors: Laura Ford, Karin Kirschner, Katie O’Hara, Rob Salter and Rahool Sarjua, all of DLA Piper

On September 18, 2020 the Financial Conduct Authority (FCA) published guidance on the listing of cannabis-based businesses onto public stock exchanges in the UK. Here we will consider the key issues arising from the FCA’s statement and how this will impact on businesses looking to raise funds in the UK.

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The Background

The legalisation of medicinal cannabis in the UK in 2018 brought great excitement to a number of stakeholders both nationally and internationally, importantly in respect of delivering medicine to those in need, but also to investors seeing a potentially substantial investment opportunity and new asset…

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