America’s booming marijuana industry receives reinforcement through one of the most famous Silicon Valley billionaires: The well-known through his early entrances into the social networking site Facebook and PayPal Peter Thiel has his involved more than two billion dollar Founders Fund at the specialized shops on cannabis private equity firm Privateer Holdings, the company announced this Thursday. The amount of the investment, there is no specific information, there is only mention of “several million dollars”.
Privateers portfolio consists of three start-ups who want to benefit from the progressive cannabis legalization in the United States. Finally, the participation company had made headlines when she won the heirs of reggae legend Bob Marley as a name for the brand “Marley Natural”. Privateer refers to the entry of the first major institutional investor as a milestone for the entire industry. The Founders Fund, the Thiel started with his deuces PayPal co-founder in 2005, is involved, among others , the trend Company Airbnb, Spotify, SpaceX, Oculus and Lyft.
More Although marijuana on the topic
– is now allowed in 23 of the 50 American states – usually for medical purposes many companies find it difficult to find investors. Banks grant loans hardly so as not to conflict with the money laundering laws.
However, it is built around a billion business with cannabis market. Experts predict that sales will grow massively with legal sales in the coming years. The industry relies on a further reduction of regulatory hurdles that attract big money sooner or later.
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