Seattle office in sparse private holding, Brendan Kennedy, legal marijuana seized his bet has paid dividends Google search results page of the form "blue cheese, iPad's display."
When Internet users search for the word, topped the list is a link to review pot strain "blue cheese" Leafly.com, medical marijuana Website Privacy bought a year and a half ago, it calls Yelp weeds.
"We've got Wikipedia blue cheese and blue cheese picture, the third thing you see is the" blue cheese in Leafly strain, "Kennedy said, he shows a Google search results page, he said Leafly production monthly income of more than 100,000 U.S. dollars.
Popular interest in the states of Washington and Colorado pot legalization of marijuana and mobile entertainment Kennedy's two-year-old leading private equity investment firm and a handful of politically connected investors sneak pot business. Under federal law remains illegal drugs.
Private said this week, to close $ 7,000,000 in the first round fundraising. It also appointed to the Board of Directors of the Company Michael Auerbach, investors and former U.S. Secretary of State Madeleine Albright relationship.
Private fundraising, the next round will begin in the fall of not less than $ 25 million, Kennedy and private CFO Michael Blue said in a statement.
On the black market, in 18 states allow drug medicine, according to Harvard University economist Jeffrey Miron estimated at $ 2 billion, the national annual marijuana sales, companies are seeking legal ways to enter the industry.
Nevertheless, the proposed $ 7 million private small private equity investment firm, usually to raise tens of millions of dollars funding standards.
"It is not an obstacle to legitimate products is ...... This is not legal under federal law," Miron said. "This is a huge obstacle to earn profits or maintain profits."
In addition to private, the only other funds, to raise funds for the sole purpose is to take advantage of the rapidly growing industry is the emerald ocean pot capital of Southern California Ventures Group, a division of a ghost, a former credit analyst Josh says Rosen Switzerland co-founder of Cannabis Retailers former adviser Adviser 4.
Rosen said the larger of the two seems to be private.
2014
Washington and Colorado pot business or entertainment use, was nominated and run in both states next year to adjust their rules.
Private says it will sue the federal investment-related business risks, the United States is not directly dependent on the production, distribution or sale of the drug in the pot immune.
"I am not my personal funds to invest in something that may be off tomorrow, said:" Auerbach, Albright Stonebridge Group's global strategy for the company's senior adviser, which is co-chaired by Madeleine Albright.
Auerbach said he had not spoken Albright pot, but a more tolerant federal marijuana stance, Kennedy and blue, Yale University MBA graduates who are lobbying members of Congress.
A representative of the U.S. Justice Department declined to comment on the pot-related business investment groups.
Kennedy said, the private, from the home office to raise funds and high net worth individuals, will focus on investing in everything from indoor cannabis cultivation harvesting equipment manufacturers cut the light designer.
Others make a more daring choice. In Washington State, a condition of anonymity, a senior political aide wants to leave his job, build a wine producer Walla Walla marijuana farm. He said he and several co-investors pooled $ 250,000 and $ 2.3 million from venture capitalists prefer.
In May this year, Microsoft announced that former executives Jamen Shively, unrealistic, because criticism of the federal ban, in order to create an American brand of marijuana. He drew attention from former Mexican President Vicente Fox to win political support.
SAM project's co-founder Kevin Sabet, oppose the legalization of pot, said the entry of big investors in the market is worrying. "It is on the basis of addiction to maximize profits," he said.
 



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