WEED STARTUPS: High Times Magazine Is Launching A Private Equity Fund For Marijuana Businesses

[xchrom]

http://www.businessinsider.com/high-times-private-equity-fund-2014-1




It's now legal to purchase recreational marijuana in Colorado — and while the legal weed market is young — it's going to get a serious boost from executives of High Times magazine, who announced a new private equity fund to invest in cannabis-related businesses, Denver Post is reporting.

HT Growth Fund hopes to raise $100 million over the next two years, the Post reported.

Led by Michael Kennedy, general counsel and director for High Times, and Michael Safir, High Times' business manager, the fund hopes to make investments in companies from $2 million to $5 million.

This is obviously good news for businesses affiliated with marijuana, as it can be tougher to get small business loans or even have bank accounts.



Read more: http://www.businessinsider.com/high-times-private-equity-fund-2014-1#ixzz2pWUFoSay

[Laelth]

1. k&r for exposure. n/t

-Laelth

[postulater]

2. I knew it wouldn't be long before it turned into the same old capitalism.

[Bluenorthwest]

4. It always has been. Prohibition did not prevent profit seeking as the central reason people risked

prison to grow and distribute. Get real.

[Heather MC]

6. meh, people have already been getting wealthy off this drug

Drug dealing is a business, just an illegal one. but people envoled in the businesd have done it for one reason and one reason only

[hobbit709]

7. None of the ones I know ever got rich.

Half of them were lucky to pay the rent on time.

[pipoman]

3. I'll be in..

Maybe this generations Microsoft ground floor. ..

next question is if the SEC will allow it?

[Heather MC]

5. Definately want in on this!!!

[RandiFan1290]

8. Don't forget the laboratories

They will be needed to test all materials especially for edibles to make sure they are safe to eat.

http://www.cannlabs.com/

Also a great site that is cataloging all strains

http://www.leafly.com/

These guys are already making $$. It is only going to get bigger.