Private Equity Is 'Seeing More Excitement Than It Can Handle' in the Marijuana Industry
The cannabis industry is starting to see some serious investment activity.
Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush.
Companies like Tuatara Capital, Seventh Point, Poseidon Asset Management, and Privateer Holdings have dived headfirst into the industry.
While the first three are brand new, having been founded in the last few years, Privateer started in 2011. The fund bills itself as the first in the US to focus solely on cannabis-related endeavors.
These private-equity firms invest specifically in companies operating in the legal-cannabis industry,as well as providing capital for new startups to generate returns down the road.
"It's never a dull day," Al Foreman, the CIO of Tuatara and a 16-year veteran of the private-equity industry, told Business Insider. "It's fascinating to be part of a new and emerging industry."
Retail sales of legal cannabis, including both medical and recreational,...
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