Once High-Flying Barclays Banker Backs CA Cannabis Venture

A once high-flying banker at Britain’s Barclays Plc plans to use his financial savvy to capitalize on California’s marijuana industry.

Richard Jenkins, one of Barclays’ highest paid bankers, is behind a California investment fund that has bought real estate to set up a marijuana business in his adopted home of California, Bloomberg reported.

Californians will vote on an adult-use marijuana initiative this fall. If passed, it would create huge opportunities for marijuana entrepreneurs.

Jenkins, who left Barclays in 2009, is among…