A look at booming marijuana startups
No, rumours are not true. Marijuana is not America's largest cash crop, but it's still probably a $4-billion annual business. As of 2014, it's also legal to grow, own, and use recreationally in some US states. It's approved for medical and other limited use in 18 more states. Entrepreneurs are racing to take advantage of the new laws and changing attitudes toward the drug. Here are the players and startups you need to watch for a high.
Privateer Holdings is a private equity firm that's making big investments in marijuana startups. Its CEO is 42-year-old Yale graduate Brendan Kennedy, and it counts Peter Thiel's Founders Fund among its investors
Leafly was one of the first new marijuana businesses, founded in 2010. It's like Yelp for different strains of pot.
Marley Natural, backed by reggae star Bob Marley's heirs, aims to be the world's first global cannabis company,...
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