Marijuana-focused media company High Times is establishing a $100m fund that will invest in marijuana-focused business startups.
New York-based marijuana news publication High Times is set to launch a private equity fund for marijuana businesses in Colorado, United States, the Denver Post has reported.
The HT Growth Fund wants to raise $100m of investment money for marijuana related businesses over the next two years. Its investments are expected to range between $2m and $5m per company, and the fund will focus on ancillary services rather than plant cultivation.
“What we are looking to do is provide capital…
