Paypal co-founder becomes first multi-million-dollar marijuana investor
 

Paypal co-founder Peter Thiel is investing millions of dollars in a Seattle-based company that owns a popular marijuana venture. Under America?s federal laws, however, marijuana is still considered illegal throughout most of the country.

The Founders Fund, Peter Thiel?s venture capital firm, confirmed it is taking a minority stake in Privateer Holdings ? a company that invests in a Canadian medical marijuana growing operation ? and Leafly.com, a Yelp-type review website for marijuana dispensaries. Privateer was looking for a $75 million funding round, but Thiel?s firm has not disclosed how much they?ve contributed beyond ?multi-millions? of dollars.

Investing in the cannabis business is still considered controversial, though public opinion on the matter has been turning in favor of legalization advocates. Recreational pot use is legal in four states and the District of Columbia, and has been approved for medical use in 24 states. Still, Founders Fund said it is not an unusual move for them.

Continued Paypal co-founder becomes first multi-million-dollar marijuana investor â?? RT USA

Good, Fuck your turnips.

this is institutional investing in weed! I've been following this, huge news.

get in now peeps.

There is more profit in medical heroin.

420 4ever!

</////////////////////>~~~

Light up!

Buy weed! It'll be like bitcoin!

The green standard. I would trade guns for weed seeds in a doomsday scenario.

Paypal is putrid filth

bob marley, or one of those sorts, was signed as the face of one of the weed brands we'll be seeing on the shelves soon.

forecast: $50 billion/year industry. get in now.

Where to buy weed futures and stocks?

that's just a matter of time. there will be some big weed brands.

but there's gonna be a shit ton of goods and services and whatnot within (in addition to) that $50b that's up for grabs, early birds and all.

:)

There is no money in weed. It's a weed! Plus, the tubes are free!
Why would anybody pay for a weed!

I'm sure that there have been many multi million dollar investors in weed prior to Thiel, they were called Drug Dealers.:winkwink:

WOW! Great story!


Just Dave

This girl is not looking healthy yellowing around the edges :(...on side note anyone want to invest in my marijuana business?
:winkwink:

Right here!

I don't want to fund a closet grow. :winkwink:

Its not the size of the closet its the motion or some shit :winkwink:

I knew he was a pothead....