Celebrities who flaunted their pot smoking for decades when it was taboo are now cashing in on the legal cannabis boom.
Tag Archives: Peter Thiel
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.
The storied Silicon Valley venture firm Benchmark Capital has launched a slew of tech companies: Twitter, Uber, Snapchat, Instagram. Now its search for the next big thing has led it to … pot.
LOS ANGELES, March 13, 2017 /Weed Wire/ — As cannabis replaces tech as the fastest growing industry in the U.S., legal marijuana is getting a big boost from tech’s past success.
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.
During the last two fiscal years, investors spent $104.5 million to gobble up stakes in cannabis and cannabis-related companies, according to research firm CB Insights.
The state of the cannabis industry is an interesting one. Although millions of dollars are legally being generated, the industry is still competing with the public’s renegade outlaw perception of cannabis.
Brendan Kennedy wants to build the Coca-Cola of cannabis. The PepsiCo of pot. The Procter & Gamble of ganja.
Peter Thiel, venture capitalist and co-founder of PayPal, is considering a multimillion dollar investment in Seattle-based private equity firm, Privateer Holdings, according to CNBC.
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.
Successful people, not just “lazy stoners”, want pot laws to change. That’s the message of new website Marijuana Majority, which displays over 600 influencers including Peter Thiel, Sean Parker, Paul Bucheit, and Dustin Moskovitz who’ve supported marijuana law reform through donations or quotes. Now it wants Twitter’ers to persuade pot-favoring politicians, celebs, and technologists to…