You are here

Home 🌿 Cannabis Technology News 🌿 Cannabis investment has gone mainstream, but not in Washington 🌿

Cannabis investment has gone mainstream, but not in Washington

Submitted by Marijuana News on Mon, 04/27/2015 - 08:00

It’s no secret that the tech industry likes marijuana. On HBO’s true-to-life comedy “Silicon Valley,” Erlich Bachman, the blowhard entrepreneur, has a marijuana home-grow in his garage, a bong in the dining room and “get kush” on his to-do list.

It took a while, but Silicon Valley’s huge institutional investment funds are finally buying green.
Peter Thiel, co-founder of PayPal (and inspiration for the awkward savant investor in “Silicon Valley”), led the market in January with a $75 million investment in Privateer Holdings, a Seattle-based private equity firm specializing in marijuana.

That stamp of approval was followed, almost overnight, by venture capital from early investors of Uber, Tesla and Reddit flowing into marijuana-focused companies. Cannabis investment has gone mainstream.

What does this mean for Washington, the co-pioneer with Colorado on legalization? Not much. The investment is likely to skip right past us because the state hasn’t

...
Rate this article: 
Region: 
Washington
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.seattletimes.com/opinion/cannabis-investment-has-gone-mainstream-but-not-in-washington/

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.