Finance

PE firm raises largest amount of Capital to date solely to be invested in the Legal Marijuana Industry

Tuatara Capital has raised a $93 million fund to invest exclusively in the legal marijuana industry,The Wall Street Journal reported. Reaching into the pockets of other high-net-worth individuals and family run businesses with access to mass capital, The PE firm is proving that the legalization of marijuana is a very real proposition and people should be paying close attention to it.

So far, Tuatara has led Series A rounds for Willie’s Reserve, singer Willie Nelson’s cannabis brand, and Teewinot Life Sciences Corp., a cannabis pharmaceutical company, according to The Journal.

For more information on the story, please see the article featured on the Business Insider: NYC PE fund raises 93 Million.

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