Is It Time For Marijuana Investing?

Pharmaceutical companies that use cannabinoids like GW Pharmaceuticals PLC-ADR (NASDAQ: GWPH ) and Insys Therapeutics Inc (NASDAQ: INSY ) have been a popular choice, as they limit exposure. However, those companies have no stake in the quickly growing recreational pot industry.

Founders Fund Leads The Charge Venture capital fund

Founders Fund was the first major investment firm to back the cannabis industry by spending millions to support Privateer Holdings, the parent company of three marijuana-related businesses. Privateer has raised nearly $100 million in two rounds of fundraising in order to expand its operations and invest in up-and-coming marijuana firms.

Currently, Privateer owns Tilray, an online marijuana database; Leafly, a Canadian growing company; and Marley Natural, which is said to be on track to become the “Marlboro of marijuana.”

Most analysts agree that the marijuana industry is still too young and risky for the average investor. Although it’s possible that big-brand tobacco companies could get on board with marijuana and give investors a safer point of entry, most believe that day is still years away. Until legislation across the U.S. is more unified, it is unlikely that a marijuana-related business will make its way to a major exchange.

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