More than 32m Americans already use cannabis. As the business becomes more normalised, it is sure to attract new customers. “It’s not often that you see an industry and you know the inevitability of it,” says Brendan Kennedy of Privateer Holdings, a private-equity firm that specialises in cannabis.
Individual angel investors and family funds are already cutting million-dollar checks to firms like Privateer Holdings, a private equity outfit that specializes in the space. CEO Brendan Kennedy says that California is one of “three big milestones” he has been anticipating, along with Canada looking to legalize recreational marijuana next year and Germany planning to legalize medical.
Several marijuana investment funds are near or have exceeded $100 million. Private equity firm Privateer Holdings announced this week it had finished raising $40 million this week, taking its total to $122 million.
Privateer Holdings, the Seattle-based private equity firm focused on cannabis industry investments, said it is the first company in the nascent industry to raise more than $100 million. The proclamation came as Privateer announced that it has brought in an additional $40 million that brings the firm’s fundraising total since its 2011 launch to $122 million.
Leafly has partnered with Green Bits, the painless point-of-sale (POS) for cannabis retailers and dispensaries, to give legal cannabis business owners an easier way to provide patients and consumers up-to-date menu information.
Say "hello" to a suite of new Marley Natural products: the Large Grinder, the Leather Rolling Keychain and the Dugout Wallet. All reflect the brand's commitment to good design and respect for what Bob had called "the herb."