Bob Marley weed launches in a cloud of controversy
Marley Natural, the New York marijuana startup funded with Silicon Valley money, has come out with a line of weed strains branded in the name of late reggae icon and vehement anti-capitalist Bob Marley. The four types of cannabis will be available in some California dispensaries today, before expanding to the four other US states where marijuana has been decriminalized. The company has also launched a line of natural beauty products and smoking accessories that will be sold nationwide.
Today's announcement marks the first product launch from Marley Natural, which was created in 2014 with funding from Privateer Holdings, a Seattle-based private equity firm that invests in marijuana businesses. Privateer has secured a 30-year licensing deal with the Marley family to develop weed strains and hemp-based products, and emerged as a prominent player in the growing marijuana industry after closing a $75 million funding round last year. (Peter Thiel's Founders Fund, an...
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