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Thursday, 01/08/2015 10:28:56 PM

Thursday, January 08, 2015 10:28:56 PM

Post# of 4794
Lots of buzz about BIG MONEY coming into the sector...and it's just the beginning.

SF Gate: Venture capitalists sweeten pot, invest in marijuana industry

http://www.sfgate.com/business/article/Venture-capitalists-invest-in-marijuana-industry-6000463.php

Some highlights...
“It’s a big moment in terms of planting a flag for the industry,”

“We’ve really seen dramatic growth in the industry, but also a lot of occurrences that make it clear that this is an industry that’s here to stay.”

"Founders Fund’s investment will give the financial world — even more conservative investors such as private equity firms and investment banks — greater leeway to look at the marijuana industry."

"Lewis said he believes marijuana will be legalized at the federal level in due time, and when that happens, buyers will become attached to brand names, expanding the legal market."

"“They’re going to wake up in a panic and they’re going to say, 'A bunch of smart people at Founders Fund have been looking at this industry for the past year and a half and made this investment,’” Kennedy said. “They will see it as a watershed event on the transition from the state of prohibition to a state of legalization.”"


A few others...
CBS News: $2 billion company betting big on marijuana
http://www.cbsnews.com/news/founders-fund-to-invest-multimillions-in-marijuana/

Wall Street Journal: Thiel’s Founders Fund Invests in Marijuana-Related Firm
http://www.wsj.com/articles/thiel-fund-invests-in-marijuana-related-firm-1420714802

LA Times
: Venture capital firm gives marijuana industry a shot of credibility
http://www.latimes.com/business/la-fi-founders-fund-marijuana-20150109-story.html

"Despite growing momentum toward marijuana legalization, big-name investors have largely stayed on the sidelines of the budding industry, content to hold out until federal prohibition is one day repealed. But legal cannabis now has the backing of a major tech investor — one that could inspire other established financial players to join the green rush."

""This is a milestone," said Taylor West, deputy director of the National Cannabis Industry Assn. in Denver. "It says there are real opportunities within this industry for outsiders to benefit, and it shows the industry is solid enough that an investment firm like this is comfortable stepping in.""

It's good to be in early!

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