Private Equity Firms Help Fund the Growing Cannabis Industry
It’s no secret to investors that the cannabis sector is the fastest growing and arguably, the most lucrative. More and more cannabis businesses are also going public. In a response to the cold shoulder that many financial institutions give industry entrepreneurs, dozens of cannabis-finance companies have formed in order to capitalize on the green rush.
While most of the new private funds and equity firms have been founded in the past few years, Privateer Holdings was started in 2011. According to their website, Privateer Holdings pride themselves as being the first of its kind in the U.S. to focus solely on cannabis-related business endeavors. Most of these private-equity firms invest in companies operating in the legal-cannabis industry, as well as providing capital for new startups to generate returns down the road. These forward-thinking firms are an example of the kind of investment professionals that we need to continue to see more of...
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