An industry previously only regulated by law enforcement leaves tremendous uncertainty for those looking to get into the industry from an investment perspective. Organizations like MJIC are stepping up to provide regulatory support and protection for marijuana operators.
Tag Archives: Privateer
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.
LOS ANGELES, Feb. 5, 2016 /Weed Wire/ — Marley Natural, the official Bob Marley cannabis brand, today debuted a broad-based collection of cannabis and lifestyle products designed with deep respect for Bob Marley’s legacy and belief in the positive potential of the herb to heal and inspire us.
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.
As American lawmakers legalize cannabis in a handful of states and decriminalize it in others, “potrepreneurs” are emerging from the shadows to bring tech to the cannabis community.
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 (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.
Well, it was bound to happen eventually. If you have ever smoked cannabis, then you have probably heard of and listened to the legendary reggae singer Bob Marley.
Reggae legend Bob Marley was known to be a fan of marijuana. Now, a marijuana-focused venture capital firm is trying to bank on that tight relationship.
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.
On June 17, 1971, President Richard Nixon stood before the American people and declared, “Narcotics addiction is a problem which afflicts both the body and the soul of America” and that action must be taken to stem the tide of the narcotic scourge sweeping the nation. Thus began the War on Drugs.