7 in 10 Californians 21 & Older Ready to Use Cannabis Products Recreationally

Enlucem_infographic_CA_Cannabis_Consumer_Profile

CALIFORNIA: Enlucem, a strategic brand consultancy currently advising startups in the cannabis space, announced today the results of a detailed consumer study of Californians’ attitudes toward cannabis products. Results of the 800-person survey found that the market potential for medical marijuana and other future cannabis products in California is staggering – between 15 million and Read the full article…

Why Canada’s Better At The Pot Business Than US Is

The first licensed producer has been fully authorized to produce cannabis oil from medical marijuana.

CANADA:  There’s a place where you can buy medical marijuana without any worries, a place where the people growing marijuana wear laboratory-style “clean suits,” where scientists do extensive research into potential treatments using cannabis, and where marijuana business owners can put their cash into a bank account instead of a vault. It’s Canada. “We don’t have Read the full article…

Peter Thiel’s Fund Invests In Marijuana Equity Firm

Founders Fund announced Thursday that it has made a multi-million-dollar investment in the world's first private equity firm investing exclusively in the legal cannabis market.

WASHINGTON:  Peter Thiel, one of the early investors in Facebook, Lyft and Spotify, is turning his attention to marijuana. Founders Fund announced Thursday that it has made a multi-million-dollar investment in Privateer Holdings, the world’s first private equity firm investing exclusively in the legal cannabis market. Founders Fund is backed by Peter Thiel, a co-founder Read the full article…

Marijuana Warehouses To Open Across Washington State

Brendan Kennedy, CEO of Privateer Holdings, parent company of Arbormain in Seattle. The company will be opening I-502-compliant warehouses for marijuana entrepreneurs to grow and process cannabis products.

WASHINGTON: Once the legal market for recreational marijuana opens in 2014, a firm called Arbormain plans to open warehouses around the state to be used by as many as 24 entrepreneurs for growing, processing and testing a range of marijuana products. As the Washington State Liquor Control Board prepares to open the market, it’s taking applications from businesses Read the full article…

Drug Agent Joins Budding Industry

Patrick Moen is leaving the DEA. Privateer Holdings

WASHINGTON: Government officials regularly leverage their public-sector experience into more lucrative jobs in high finance. One former U.S. Drug Enforcement Administration supervisor is giving that track a new twist. Patrick Moen, a longtime DEA agent, has left a post leading a federal team in Portland, Ore., that combats heroin and methamphetamine trafficking to join a private-equity Read the full article…

One Toke Over The Line Now On A High

The retail marijuana industry has brought in more than $15 million in tax revenue for the state

WASHINGTON: When Barack Obama said it was time for Americans to have a national “conversation” on marijuana laws – he was careful to say he did not support legalization – back in December, the President, who smoked pot with the “Choom Gang”, high school stoners, was trying to catch up with the nation’s rapidly shifting mood.

One Toke Over The Line Now On A High

"I believe we are on the brink of a huge opportunity," says ArcView head Troy Dayton.

WASHINGTON: When Barack Obama said it was time for Americans to have a national “conversation” on marijuana laws – he was careful to say he did not support legalization – back in December, the President, who smoked pot with the “Choom Gang”, high school stoners, was trying to catch up with the nation’s rapidly shifting mood.

Privateer Holdings Closes $7 Million Funding Round

Privateer Holdings raises $7 million round

WASHINGTON: Privateer Holdings Inc., the cannabis industry’s first private equity firm, today announced the completion of its Series A funding round. The company raised an initial $7 million from high net worth individual investors and family offices, with a strategic plan to invest in companies in the cannabis space and build mainstream brands. The completion of Read the full article…

Privateer Holdings Closes $7 Million Funding Round

Privateer Holdings raises $7 million round

WASHINGTON: Privateer Holdings Inc., the cannabis industry’s first private equity firm, today announced the completion of its Series A funding round. The company raised an initial $7 million from high net worth individual investors and family offices, with a strategic plan to invest in companies in the cannabis space and build mainstream brands. The completion of Read the full article…