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Crypto Tokens Give Cannabis Fund a Shortcut to Raising Capital

Cannabis plants in a growing facility.

Cannabis plants in a growing facility.

Photographer: Eva Marie Uzcategui/Bloomberg

Since cannabis remains illegal in much of the world, raising investment can be tricky. This week, guest writer Ken Parks takes a look at how one Luxembourg-based company with operations in Latin America is looking at a new method to solve this problem. 

A fund that invests in Latin American cannabis companies is planning to use a novel way of raising cash to expand, with a sale of a type of crypto asset known as security tokens to private investors.