New Cannabis Ventures is excited about the emergence of what we call the “Marijuana Money Managers,” a group of financial organizations that aim to help bridge the gap between the cannabis industry entrepreneurs seeking capital and those who would like to invest. We have a dedicated page in our NCV Network that currently lists fourteen, but we expect this list, which is available at www.MarijuanaMoneyManagers.com, to grow in the coming months and years.
We find it encouraging to see these investment professionals receiving attention in mainstream financial reporting. The Deal published a review that included quotes from several of our “Marijuana Money Managers”, beginning:
Private equity is like the concert-goer at a Grateful Dead show years ago: Suddenly gripped with a curiosity about what that dude a couple seats over is smoking.
The article references:
- ArcView Group (Troy Dayton)
- Electrum Partners (Leslie Bocskor)
- Kind Financial (David Dinenberg)
- Poseidon Asset Management (Morgan Paxhia)
- Privateer Capital (Brendan Kennedy)
- Tuatara Capital (Al Foreman)
The legal cannabis market is being driven by the shift in a market from an underground enterprise to an above-ground market. It’s a guaranteed market.
Read Bob O’Brien’s “Private equity smells the growth in the cannabis industry”: http://www.thedeal.com/content/private-equity/private-equity-smells-the-growth-in-the-cannabis-industry.php