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Bankers Are Circling Europe’s Growing Cannabis Market

  • Canaccord Genuity sees significant interest in stock listings
  • Canadian companies still dwarf European pot businesses in size
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U.S. Companies Ready to Cash In on Legal Weed
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Investors who are eager for the cannabis industry in Europe to emulate the boom in pot-stock listings in Canada may not have much longer to wait, judging by the activities of investment bankers.

Canaccord Genuity Inc., the biggest underwriter of stock offerings for weed-related companies, has appointed a head of European cannabis investment banking. French bank Bryan Garnier & Co. in the past year started covering the Canadian sector via a Paris-based analyst. Jefferies Financial Group Inc. recently initiated coverage on a slew of North American pot stocks through a London-based analyst.