A U.S. private equity firm investing exclusively in legal cannabis said on Thursday it had raised more than $100 million in its third round of fundraising, underscoring investor appetite for the burgeoning industry.
Private Equity
MedMen Opportunity Fund Closes Below $100 Million Target
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
Top Marijuana Private Equity and Venture Capital Funds
While it is still difficult to invest directly in legal pot through public equities, venture capital firms and private equity funds have raised hundreds of millions of investment dollars.
Report: Marijuana Funding in 2016 Down Slightly from 2015
On Jan. 6, 2017, CB Insights released a report on annual funding activity for private marijuana companies in 2016, as well as activity for the fourth quarter of the year. According to the report, deals made and dollars invested leveled off in 2016.
MJ Investors Ready to Spend Millions if Cali Passes Prop 64
New Frontier Data estimates California’s marijuana industry will generate $7.6 billion a year in direct sales to consumers by 2020, and that’s not including sales generated when growers sell to processors and when processors sell to dispensaries.
Kings of Cannabis Capital: Privateer First to Raise Over $100 Million
On Nov. 4, 2016, Privateer Holdings, a Seattle-based private equity firm focused on the legal cannabis industry, announced that it has closed $40 million in convertible bridge funding, the first part of a future $100 million Series C equity round.
PE Firm Believes There’s Lots of Money to be Made in Cannabis
Private equity firm Seventh Point sees big opportunities in medical marijuana and wants to get in on the ground floor.
Marijuana’s Investors Prefer To Keep It A Secret
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Private Equity Is ‘Seeing More Excitement Than It Can Handle’ in the Marijuana Industry
Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush.
Privateer Hires Former Federal Reserve Bank Examiner
On Jan. 12, 2016, Privateer Holdings, a private equity firm focused on the legal cannabis industry, announced that it has hired Dante Tosetti, formerly a Federal Reserve Bank Examiner, as Director of Treasury Compliance.
CEO of Privateer Holdings: ‘Cannabis in the United States is Bigger than Corn’
On Dec. 4, 2015, Bloomberg’s Britton Staniar and Peter Robison interviewed Brendan Kennedy, CEO of Privateer Holdings, a private equity firm focused on the legal cannabis industry, in Seattle to discuss Privateer’s investments in cannabis-related businesses.
One of Silicon Valley’s Top VC Firms Just Invested Millions in Weed
Brendan Kennedy wants to build the Coca-Cola of cannabis. The PepsiCo of pot. The Procter & Gamble of ganja.
Thiel Considering Big Investment in Pot Sector: Source
Venture capitalist Peter Thiel—who famously suggested on CNBC that “pot smoking” was happening at Twitter—is considering a multimillion dollar investment in Privateer Holdings.
Private Equity Pairs with Marijuana
Private equity (PE) firms in the United States are primarily known for making financial investments in private companies that need a long holding period for funds. This is often done for new technologies, making acquisitions or to expand a balance sheet.
High Times in Private Equity
With an influx of capital from alternative and traditional (OK, fringe traditional) investors, the legalization business is about to get legit.
New Report: Marijuana Revenue by State is Between $50-$60 Billion
Marijuana Investor News estimates total related product sales to be between $50 and $60 billion in the United States. In a new report released on September 26, 2014, MJIN estimates the current market size for U.S. marijuana revenue by state.
Private Equity Firing Up Medical Marijuana Sector
In 2012, it took Seattle-based private equity firm Privateer Holdings Inc. 18 months to raise just $7 million for investment in the medical marijuana sector. This January, Privateer raised $15 million in just three weeks. Any day now, it will embark on a $50 million target raise.
Infinex Ventures Acquires Marijuana Funding, Inc.
Infinex Venutres, Inc. (OTC Pink: INFX) (PINKSHEETS: INFX) today announced that it has acquired the privately held company Marijuana Funding Inc, www.marijuanafundinginc.com based out of Boulder, Colorado.
Your 5-step Primer to Investing in Pot
Vital information regarding pot investment, including where to start and what to consider…
New Criteria for Investors in Massachusetts
Medical marijuana investors in Boston Massachusetts face new rules
Investors Beware: Taxes on Pot Investments Subject to Tax Discrimination
As the legal marijuana bubble continues to expand, a once-secret industry is out in the open and wearing a business suit.
High Times launches private equity fund for marijuana investment
High Times magazine starts up a private-equity fund to aid in the prosperity of an already booming market.