If you are interested in the burgeoning marijuana sector and you haven’t heard about Privateer Holdings, you need to brush up on it now.
Privateer Holdings is a private equity firm spearheaded by Brendan Kennedy (of Silicon Valley Bank) and Michael Blue. And here’s why Privateer isn’t messing about: the company has already racked up $7 million in capital from interested investors. Privateer’s mission is to buy up companies that can ultimately serve and grow the marijuana industry.
Right now, as a glowing NPR profile notes, Privateer is focusing on the medical marijuana sector. There are a few reasons for this choice. One, of course, is that most states look favorably on medical marijuana usage, and the moment you mention “medical,” even those opposed to marijuana on principle pay attention.
|100 People you Should Follow on Twitter in 2014|
|How the heck does the stock exchange work, anyway?|
|This Video Will Make You Wish You Were an Entrepreneur in the 1980s|
|The Chinese Train That Never Stops|
|Even the Shopping Cart Needed Marketing|
|Entrepreneurs Take Too Many Showers|
|Science is Cool, Even the Science of Christmas Trees|
|3D Print Your Unborn Baby|
|How to Attract Better Clients|
|The Economics of North Dakota’s Oil Boom|