Legal Marijuana: High Times or Inflating Bubble?

“Some check-the-box items that should take a couple of hours take a month,” says Brendan Kennedy, CEO of Privateer Holdings, a private equity firm that focuses on legal pot. “For this experiment to succeed, you have to undercut the black market. And you have to remove the inefficiencies and let capitalism work its magic. That means producing at scale,” says Kennedy.

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