Shares of David Beckham-backed cannabis company soar after debuting on London Stock Exchange

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The share price of the David Beckham-backed biosynthetic cannabinoid company Cellular Goods climbed by more than 300 per cent after debuting on the London Stock Exchange (LSE) earlier today, reports Sky News. Though recreational cannabis remains illegal in the U.K., the Financial Conduct Authority (FCA) recently allowed medical cannabis companies to be publicly traded. Despite the good news for investors, cannabis patients and advocates continue to petition the U.K. government to improve access to medical cannabis. Beckham’s backing will evolve with Cellular Goods, but whether he’ll remain behind the scenes, or appear on the packaging, his personal brand has given the launch a bit of a kick,” Streeter said. It’s very very dangerous and I’m really frightened about what is going to happen,” Deacon said at the time.

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The share price of the David Beckham-backed biosynthetic cannabinoid company Cellular Goods climbed by more than 300 per cent after debuting on the London Stock Exchange (LSE) earlier today, reports Sky News.

The company sells a line of skincare and topical products infused with cannabinoids and saw share prices jump from 5 pence ($0.08) to more than 20 pence ($0.33) on its first day of action.

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