Thursday, January 8, 2015

Marijuana: Facebook billionaire Peter Thiel invested into Kiffen – Spiegel Online

Marijuana: Facebook billionaire Peter Thiel invested into Kiffen – Spiegel Online

Seattle / San Francisco – The trade in marijuana applicable in the United States as an industry, since many states have Kiffen at least partially legalized. Now also one of the most famous Silicon Valley billionaires goes into business. Peter Thiel participates with its Founders Fund at the specialized shops on cannabis private equity firm Privateer Holdings. This was announced by the company on Thursday. The amount of the investment had only stated this amounts to “several million dollars”.

The Thiel was born in Frankfurt and raised in the United States was known for his early and very lucrative stakes in Facebook and PayPal. Now it supports Privateer Holding already has a manufacturer of medical marijuana and cannabis called Tilray Information Service Leafly. Together with the descendants of reggae legend Bob Marley and Kiffer Privateer also recently announced “Marley Natural” – the “first global cannabis-brand”

About a home of Thiel at Privateer had already been speculated the end of 2014. , The decision also caused a stir because of that, because the businessman had recently even made fun of stoners. In his opinion, disappointing management of Twitter Thiel explained with the fact that there probably “very much pot smoking” will. Later Thiel wanted to know his assessment meant as a compliment to the short message service: “You could smoke pot a lot and still have a great company, if the business model is as robust as in Twitter.”

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