Private equity firing up medical marijuana sector

The Deal Pipeline

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. "Things have changed," said Brendan Kennedy, Privateer's CEO.