These Three Buds Are Now Billionaires After a Big Bet on Pot
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The first private equity firm focused exclusively on the cannabis industry has spawned three billionaires.
Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian pot firm Tilray Inc., whose market value topped $21 billion Wednesday after surging more than 1,200 percent in the past two months.