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> So it’s hardly surprising that Thiel’s Founders Fund has become the first institutional investor to make an investment in the nascent cannabis industry – a bu
by chollida1 12y ago
> So it’s hardly surprising that Thiel’s Founders Fund has become the first institutional investor to make an investment in the nascent cannabis industry – a business that isn't even legal in half of the states in the country.
That is some awful fact checking. Last year there were 4 funds that I know of that invested in marijuana companies. I'm sure the actual number is an order of magnitude larger.
I guess this head line gets readers though:)
There are already marijuana companies that list, MJNA US Equity, TWD CN Equity and SUN CN Equity are three that come to mind. All of which have institutional investors.
- RyJones 12y agoI think this is a lightly edited press release.
- jsprogrammer 12y agoShould't press releases, if anything, be factual?
- deleted 12y ago[deleted]
- foobarqux 12y agoPress releases are public-relations/marketing/propaganda, the opposite of factual.
- jsprogrammer 12y agoI think you are describing the difference between 'should' and 'are'.
- Argorak 12y agoNo. Press releases always had to goal to pre-write things for journalists and - in the best case - not do too much fact-checking. They are a PR invention and never had the goal to be too rooted in reality.
- lotsofmangos 12y agoBeing cynical about it, UK banking has been investing in the unregulated end of the cannabis industry for decades.
- sharkweek 12y agoI see 13 privately held marijuana companies (this is surely a conservative list as well, because many might hide it from their description) that have openly taken investment - http://i.imgur.com/ONcqb2V.png http://i.imgur.com/ONcqb2V.png 12 separate institutional investors involved in these companies too, including Front Street, Broadband and ArcView