New fund to cash in on the cannabis medicine rush

THE first UK-based fund investing solely in medicinal cannabis has been launched.

JPD Capital has opened its doors to those who are looking to make profits from the booming industry.

However investors will each need to put at least £25,000 into the fund, which will be based in London but domiciled in Guernsey.

The launch follows the establishment of a number of similar ventures in other countries including Canada.

The fund has been set up by former Citi banker Jon-Paul Doran, who is behind Eco Equity – a company that has land in Zimbabwe and Antigua where it grows cannabis for medicinal purposes.

JPD is planning to invest in a variety of companies dealing with all aspects of the production and supply of medicinal cannabis including greenhouses, lighting, heating and distribution.

Last year, the Church of England reversed a selfimposed ban that had prevented it from investing in cannabis to be used as medication.

Doran said: ‘The cannabis market is the fastest-growing market of 2019, proving its unstoppable growth and obvious attraction for investors.

‘We want our investors to see returns, as well as achieving our main aim of finding alternative and natural treatments for life-threatening illnesses.’