So what are Privateer and ebbu? These are names that one day may be as ubiquitous as Apple and Google are to the tech world. Seattle-based Privateer is the first private equity firm focusing exclusively on the cannabis industry and is one of the best-funded companies in the business. Brendan announced at the summit that it's currently raising another $100 million, which means it could potentially be one of the first billion dollar cannabis companies in the U.S. It's behind global marijuana brands such as Canada's Tilray and Marley Natural, the cannabis products company created by Bob Marley's family. But Privateer also has an institutional investment from PayPal co-founder Peter Thiel, underscoring the gradual evolution of the industry's investor profile to institutions and family offices.
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