This Billionaire Is Betting Big On Marijuana And Here’s Why

The big investors are starting to get interested in marijuana’s profit potential, too. Stepping up to the plate The marijuana industry remains mostly in the shadows; however, the passage of medical marijuana legislation in 23 states and of recreational marijuana laws in four states is starting to attract the attention of private... more →
Posted in: Investing

PayPal Co-Founder Is First-Ever Million-Dollar Investor For Medical Cannabis

The Founders Fund, Peter Thiel’s venture capital firm, confirmed it is taking a minority stake in Privateer Holdings – a company that invests in a Canadian medical marijuana growing operation – and Leafly, a Yelp-type review website for marijuana dispensaries. Privateer was looking for a $75 million funding round, but Thiel’s... more →
Posted in: Investing

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