Tag Archives: Founder

Paypal founder Peter Thiel becomes first big investor in marijuana industry

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(BBC News) – PAYPAL founder Peter Thiel’s investment firm has become the first institutional investor to pump money into the marijuana industry.

Thiel’s investment firm, Founders Fund, led by partner Geoff Lewis, has acquired a minority stake in Privateer Holdings, the Seattle-based owner of Leafly.com – a review site for medical marijuana, which also serves as a medical marijuana grower in Canada.

This article was first published on http://www.cannabisworld.biz.