And finally…Barclay’s saviour set to lead the high life

Mr Jenkins left Barclay’s back in 2009 after helping the financial giant avoid a state-backed bail-out the previous year by securing almost $16 billion in Middle Eastern investments.

He may, along with Barclay’s, currently be under investigation by the Serious Fraud Office over the fees they paid on the investments, but Mr Jenkins, who now resides in California, has emerged among a group of investors that recently acquired a piece of land in the US state for the purpose of what reports claim is the opening a marijuana-related business.

The rest of the group has asked to remain anonymous as California gears up for what should be a monumental vote in November, as the proposed law known as Prop 64 aims to legalise the adult recreational use of cannabis in the Sunshine State.

According to reports, Mr Jenkin’s move seems to indicate the group is trying to get a head start on the green rush by snatching up valuable (and potentially very profitable) land.

There is no word from Jenkins’ investment group as to what they plan to do with the plot of land but an announcement is expected to be made sometime after the vote in November.

Meanwhile, Mr Jenkins is not the only heavy hitter in the investment world looking for to get into the dope game.

Founders Fund, a venture capital firm started by a team that includes Paypal co-founder Peter Thiel, infused an undisclosed amount of cash into Privateer Holdings, the Seattle parent company of Leafly, Tilray, and Marley Natural.

All three companies deal directly in the cannabis industry.