Roger Jenkins, once known for Middle Eastern deals as one of the highest-paid bankers at Barclays, is swapping dollars for ounces as the Briton invests in a marijuana venture in his adopted home of California, according to people familiar with the plans.
The financier, who left Barclays in 2009, is among backers of an investment fund that has acquired land in California to set up a marijuana business, said the people, who asked not to be identified as the stake isn’t public, reports The Independent.
The venture may seek to capitalize on the outcome of the state’s November vote on whether to legalize and tax recreational pot use. Jenkins didn’t return calls to a phone number listed under his name in Malibu.
Bank of England governor Mark Carney has reiterated his expectation that the bank will raise interest rates soon.
Tired of having to build your Ikea Billy bookshelves yourself?
Theresa May has threatened a trade war with the US after it slapped punitive tariffs on British-built aircraft, casting doubt on a key plank of her Brexit strategy.
