Wealth Daily:

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.