Tag Archives | investments

The High Times Marijuana Private Equity Investment Fund

HT growth fundFor a bunch of stoners the execs at High Times magazine were amazingly quick off the mark to capitalize on the newly legal marijuana business. Aldo Svaldi reports for the Denver Post via the Los Angeles Daily News:

Executives at High Times, a New York magazine that has covered the marijuana scene for four decades, are launching a new private-equity fund expected to boost a burgeoning American marijuana industry.

The HT Growth Fund plans to raise $100 million over the next two years to invest in cannabis-related businesses.

“What we are looking to do is provide capital and credit to companies that are established and have grown and reached their potential as much as they can without access to traditional capital markets,” said Michael Safir, managing director of the new fund and former business manager of High Times.

Investments are expected to be from $2 million to $5 million per company.

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Shadow Banking Industry Now Worth $76 Trillion

Will unregulated, debt-based financial products destroy the world? Bloomberg reports that the funneling of capital into instruments of so-called “shadow banking” continues to balloon to unimaginably large proportions:

The shadow banking industry has grown to about $67 trillion, leading global regulators to seek more oversight of financial transactions that fall outside traditional oversight. The Financial Stability Board, a global financial policy group comprised of regulators and central bankers, found that shadow banking grew by $41 trillion between 2002 and 2011.

The size of the shadow banking system, which includes the activities of money market funds, monoline insurers and off-balance sheet investment vehicles, “can create systemic risks” and “amplify market reactions when market liquidity is scarce,” the FSB said.

Supervisors consider shadow banking activities to be those that allow banks to carry out business off balance sheets, as well as those which allow investors to bypass lenders and the functions they traditionally fulfill on the markets.

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Marijuana: America’s Next Big Business Boom?

Picture: R3D-3Y3 (PD)

The Daily Beast

With pot use up and legalization perceived as being just around the corner, reports that smart businessmen are looking at legalized marijuana as a smart investment:

Full dark in downtown Denver, and inside one of the twinkling high-rises that make the skyline, drug dealers are putting money into envelopes. They’re trying to be discreet. No one signed the security logbook in the lobby. All assume the room could be bugged. But if your image of the drug trade involves armed gangs or young men in parked cars, these dealers offer a surreal counterpoint. There’s a finance veteran, two children of the Ivy League, multiple lawyers, and the son of a police chief. At their side is a Pulitzer Prize–winning communications consultant, two state lobbyists, and a nationally known political operative. And the guest of honor: a state senator who likes the look of those envelopes being stuffed.

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