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Why millionaire Barry Lambert invested $34 million in medicinal cannabis

April 29th, 2016

Until last year Barry Lambert was known in Australian business circles chiefly for his success in building Count Financial, a chain of accounting and financial planning shopfronts that he started 35 years ago and eventually sold to the Commonwealth Bank for more than $373 million. That 2011 sale landed him a spot on the BRW Rich 200, where he was ranked the 156th wealthiest Australian last year.

So it was a surprise when Lambert publicly associated himself with the cause of medicinal cannabis. With little warning, he gave a press conference in August at which he announced that he and his family would donate $34 million to the University of Sydney for what is called the Lambert Initiative for Cannabinoid Therapeutics.

Read more | Financial Review

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