When it comes to marijuana, many VCs still won't inhale

Privateer Holdings - a marijuana-focused private-equity fund in Seattle - is led by Brendan Kennedy, a former executive at SVB Analytics, a nonbank affiliate of Silicon Valley Bank. Privateer has raised $22 million, and is now aiming to raise Series B of more than $50 million. Kennedy told Geekwire, a tech industry publication, that the new round will include "several institutional investors."

Read more in SFGate.