Club 600

curious old fart

Well-Known Member
It looks like the big money has arrived to the mj industry. I see copyright fights on the horizon....

PayPal founder Peter Thiel's $2billion venture capital firm invests in Seattle marijuana company
  • Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel is investing in Privateer Holdings
  • Thiel is the co-founder and former CEO of Paypal
  • Privateer Holdings is a company that owns several pot-related brands
  • Privateer owns the Canadian medical marijuana producer Tilray and the pot information service Leafly
  • It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural
  • Founders Fund was an early investor in Facebook and has current investments in SpaceX, Spotify and Airbnb
By Associated Press
Published: 08:03 EST, 8 January 2015 | Updated: 19:10 EST, 8 January 2015


The pros are getting into pot.
Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, co-founder and former CEO of PayPal, is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.
The companies declined to disclose the size of the investment Thursday, but described it as a 'multi-million dollar' participation in a $75 million fundraising effort by Privateer. The deal had been rumored last year.


Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, pictured, is investing in Privateer Holdings


Founders: (From left to right) Christian Groh, Brendan Kennedy and Michael Blue of Privateer Holdings are seen together in this March 2014 file photo
Privateer, based in Seattle, owns the Canadian medical marijuana producer Tilray and the pot information service Leafly. It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural.
Founders Fund partner Geoff Lewis, who is leading the firm's investment in Privateer, said in an interview that he believes the broader legalization of marijuana is inevitable.
'Public sentiment is there, and it crosses political lines,' Lewis said.
There are 23 states that allow the use of marijuana for medical purposes and Colorado has legalized its recreational use.
There has been some pushback, however, despite growing public support. The states of Nebraska and Oklahoma have filed a lawsuit seeking to overturn the legalization of marijuana in Colorado, saying that they are being overrun with marijuana from across their borders.
And Founders Fund does not expect a quick turnaround on its investment in Privateer, Lewis said. Founders is investing in Privateer because it believes Privateer can eventually establish mainstream brands that will be recognized and trusted as marijuana becomes legal and socially acceptable, he said.
RELATED ARTICLES


Privateer was founded in 2010 and has previously landed $22 million in funding.
Before the announcement Thursday, Privateer's funding came mostly through wealthy individuals and investment offices that steer private family funds.
Privateer CEO Brendan Kennedy thinks the Founders investment will lead to more professional investment into marijuana-related businesses and help advance the push toward legalization.
'One of the important milestones for this business is having access to capital, and significant capital,' he said. 'There will be a lot of people who wake up (now) and realize they need to look at this industry just as they have looked at other emerging industries around the world.'
Founders Fund was an early investor in Facebook and has current investments in SpaceX, Spotify and Airbnb.


Company: Privateer Holdings owns medical marijuana producer Tilray and the pot information service Leafly. It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural



Investment: Before the announcement Thursday, Privateer's funding came mostly through wealthy individuals and investment offices that steer private family funds


Read more: http://www.dailymail.co.uk/news/article-2901881/Investor-Peter-Thiels-fund-buys-marijuana-business.html#ixzz3OIX0HZnG
Follow us: @MailOnline on Twitter | DailyMail on Facebook

:peace:
cof
 

Dr.D81

Well-Known Member
Well guys it's time for me to take a break.

Take care everyone.
Take care bud:-) we will be here when you get back;)
It looks like the big money has arrived to the mj industry. I see copyright fights on the horizon....

PayPal founder Peter Thiel's $2billion venture capital firm invests in Seattle marijuana company
  • Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel is investing in Privateer Holdings
  • Thiel is the co-founder and former CEO of Paypal
  • Privateer Holdings is a company that owns several pot-related brands
  • Privateer owns the Canadian medical marijuana producer Tilray and the pot information service Leafly
  • It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural
  • Founders Fund was an early investor in Facebook and has current investments in SpaceX, Spotify and Airbnb
By Associated Press
Published: 08:03 EST, 8 January 2015 | Updated: 19:10 EST, 8 January 2015
http://www.dailymail.co.uk/news/article-2901881/Investor-Peter-Thiels-fund-buys-marijuana-business.html#comments
The pros are getting into pot.
Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, co-founder and former CEO of PayPal, is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.
The companies declined to disclose the size of the investment Thursday, but described it as a 'multi-million dollar' participation in a $75 million fundraising effort by Privateer. The deal had been rumored last year.


Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, pictured, is investing in Privateer Holdings


Founders: (From left to right) Christian Groh, Brendan Kennedy and Michael Blue of Privateer Holdings are seen together in this March 2014 file photo
Privateer, based in Seattle, owns the Canadian medical marijuana producer Tilray and the pot information service Leafly. It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural.
Founders Fund partner Geoff Lewis, who is leading the firm's investment in Privateer, said in an interview that he believes the broader legalization of marijuana is inevitable.
'Public sentiment is there, and it crosses political lines,' Lewis said.
There are 23 states that allow the use of marijuana for medical purposes and Colorado has legalized its recreational use.
There has been some pushback, however, despite growing public support. The states of Nebraska and Oklahoma have filed a lawsuit seeking to overturn the legalization of marijuana in Colorado, saying that they are being overrun with marijuana from across their borders.
And Founders Fund does not expect a quick turnaround on its investment in Privateer, Lewis said. Founders is investing in Privateer because it believes Privateer can eventually establish mainstream brands that will be recognized and trusted as marijuana becomes legal and socially acceptable, he said.
RELATED ARTICLES


Privateer was founded in 2010 and has previously landed $22 million in funding.
Before the announcement Thursday, Privateer's funding came mostly through wealthy individuals and investment offices that steer private family funds.
Privateer CEO Brendan Kennedy thinks the Founders investment will lead to more professional investment into marijuana-related businesses and help advance the push toward legalization.
'One of the important milestones for this business is having access to capital, and significant capital,' he said. 'There will be a lot of people who wake up (now) and realize they need to look at this industry just as they have looked at other emerging industries around the world.'
Founders Fund was an early investor in Facebook and has current investments in SpaceX, Spotify and Airbnb.


Company: Privateer Holdings owns medical marijuana producer Tilray and the pot information service Leafly. It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural



Investment: Before the announcement Thursday, Privateer's funding came mostly through wealthy individuals and investment offices that steer private family funds


Read more: http://www.dailymail.co.uk/news/article-2901881/Investor-Peter-Thiels-fund-buys-marijuana-business.html#ixzz3OIX0HZnG
Follow us: @MailOnline on Twitter | DailyMail on Facebook

:peace:
cof
Nice
 

AlphaPhase

Well-Known Member

DST

Well-Known Member
Don't know whether to like that or hate it.

It looks like the big money has arrived to the mj industry. I see copyright fights on the horizon....

PayPal founder Peter Thiel's $2billion venture capital firm invests in Seattle marijuana company
  • Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel is investing in Privateer Holdings
  • Thiel is the co-founder and former CEO of Paypal
  • Privateer Holdings is a company that owns several pot-related brands
  • Privateer owns the Canadian medical marijuana producer Tilray and the pot information service Leafly
  • It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural
  • Founders Fund was an early investor in Facebook and has current investments in SpaceX, Spotify and Airbnb
By Associated Press
Published: 08:03 EST, 8 January 2015 | Updated: 19:10 EST, 8 January 2015
http://www.dailymail.co.uk/news/article-2901881/Investor-Peter-Thiels-fund-buys-marijuana-business.html#comments
The pros are getting into pot.
Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, co-founder and former CEO of PayPal, is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.
The companies declined to disclose the size of the investment Thursday, but described it as a 'multi-million dollar' participation in a $75 million fundraising effort by Privateer. The deal had been rumored last year.


Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, pictured, is investing in Privateer Holdings


Founders: (From left to right) Christian Groh, Brendan Kennedy and Michael Blue of Privateer Holdings are seen together in this March 2014 file photo
Privateer, based in Seattle, owns the Canadian medical marijuana producer Tilray and the pot information service Leafly. It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural.
Founders Fund partner Geoff Lewis, who is leading the firm's investment in Privateer, said in an interview that he believes the broader legalization of marijuana is inevitable.
'Public sentiment is there, and it crosses political lines,' Lewis said.
There are 23 states that allow the use of marijuana for medical purposes and Colorado has legalized its recreational use.
There has been some pushback, however, despite growing public support. The states of Nebraska and Oklahoma have filed a lawsuit seeking to overturn the legalization of marijuana in Colorado, saying that they are being overrun with marijuana from across their borders.
And Founders Fund does not expect a quick turnaround on its investment in Privateer, Lewis said. Founders is investing in Privateer because it believes Privateer can eventually establish mainstream brands that will be recognized and trusted as marijuana becomes legal and socially acceptable, he said.
RELATED ARTICLES


Privateer was founded in 2010 and has previously landed $22 million in funding.
Before the announcement Thursday, Privateer's funding came mostly through wealthy individuals and investment offices that steer private family funds.
Privateer CEO Brendan Kennedy thinks the Founders investment will lead to more professional investment into marijuana-related businesses and help advance the push toward legalization.
'One of the important milestones for this business is having access to capital, and significant capital,' he said. 'There will be a lot of people who wake up (now) and realize they need to look at this industry just as they have looked at other emerging industries around the world.'
Founders Fund was an early investor in Facebook and has current investments in SpaceX, Spotify and Airbnb.


Company: Privateer Holdings owns medical marijuana producer Tilray and the pot information service Leafly. It is also launching a brand of marijuana and products with the family of Bob Marley called Marley Natural



Investment: Before the announcement Thursday, Privateer's funding came mostly through wealthy individuals and investment offices that steer private family funds


Read more: http://www.dailymail.co.uk/news/article-2901881/Investor-Peter-Thiels-fund-buys-marijuana-business.html#ixzz3OIX0HZnG
Follow us: @MailOnline on Twitter | DailyMail on Facebook

:peace:
cof
 

oldman60

Well-Known Member
http://lostcoastoutpost.com/2015/jan/7/first-tribal-marijuana-operation-northern-californ/

That's awesome cof! Things are a changing that's for sure

Take care giggs, hope to see you back soon brotha

---What do you cali guys think about this? Indian Reservation will now be growing. Is this anything different than any other collectives growing? I don't see the big deal unless I'm missing something, any one have thoughts on this? See the link
I don't think they were protected by state laws since they are fed. policed by the bureau of
Indian Affairs or what used to be I.A. the reservation police are sole local entity then FBI.
So that is a huge step back for the feds.
:peace:
 
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