NEW YORK (MainStreet) — Spring 2015 is turning out to be a fertile planting season for many ganjapreneurs in every state where marijuana is now legal. One of the biggest hurdles, however, is getting the right investors to the table. That is what makes deals if not cannabis companies grow.
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.