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…

Yelp Of Pot, Leafly, Is Tip Of Marijuana Missionary's Spear

leaf.ly

Brendan Kennedy wants to make the world safe for investing in marijuana. Kennedy, CEO at Seattle’s $5.5 million (assets under management) Privateer Holdings, believes that he can make a profit and make the world better by investing in marijuana companies. Kennedy earned a BA from the University of California, Berkeley, a Master of Engineering from Read the full article…