Wednesday, March 29, 2023
  • About
    • About Us
    • Contact
    • 420 Resources
    • Info
    • California Laws
    • Legalize
    • How To
    • Growing
    • Medical Marijuana
  • List Your 420Cali Business
    • List your 420 business free!
    • Become a 420Cali.com Contributor
    • 420 Webmasters
  • Terms of Service
    • Privacy Policy
    • Contributor Agreement
  • Blog
    • 420Cali Blog
    • Collective Reviews
    • Strain Reviews
    • Guest Post
    • 420 Cali Bloggers
  • Contact

VaporNation
  • Home
  • News
  • Entertainment
    • Celebs
    • Music
    • Faded Fridays
  • List of Cali Dispensaries
  • Top Rated Cannabis Products
    • Products
    • Edibles
You Are Here: Home » Info » California Laws » Marijuana Is Still Illegal By Federal Law, But This Venture Capital Firm Doesn’t Care
Marijuana Is Still Illegal By Federal Law, But This Venture Capital Firm Doesn’t Care

Marijuana Is Still Illegal By Federal Law, But This Venture Capital Firm Doesn’t Care

420 Shaye
Posted by :420 Shaye Posted date : January 11, 2015 In California Laws, Dispensaries, Growing, Info, Legalize, Medical Marijuana, News 0

Big time, name-brand companies are ignoring the fact that the recreational “marijuana law” has not yet passed and investing millions of dollars into the marijuana industry. The biggest indicator that the government won’t crack down on marijuana, according to Bocskor, came straight from the Department of Justice, stating that they will not “seek enforcement action” against Native American reservations engaging in cultivation of medicinal/recreational marijuana. With close to 10 million dollars raised in the marijuana industry this year alone, the next few years seems to be promising for marijuana cultivation and production as well. To read the whole article and share your comments on this subject with the 420cali community, follow the link below.

One of the top venture capital firms in the world is taking advantage of the increasingly hazy realm of marijuana law. Founders Fund is pouring money into Privateer Holdings, a private equity firm in Seattle, […]

“This investment from Founders Fund is just another marker that we’ve probably reached a tipping point for the industry. From a historical perspective, there are a lot of similarities between the end of alcohol prohibition and our current trajectory with marijuana. We’re probably going down a similar path,” Leslie Bocskor, managing partner of Electrum Partners and founder of the Electrum Report, told The Daily Caller News Foundation.

Terra Tech founder and CEO Derek Peterson reflected on the announcement and how much the cannabis industry has changed since he started his company in 2010, at a time when it was one of the first firms to enter the medical marijuana industry.

According to Bocskor, one of the best indicators that the federal government won’t start cracking down on marijuana is a recent memo from the Department of Justice regarding Native American reservations in the U.S. It stated that if they were to engage in cultivation or production of cannabis for recreational or medicinal purposes, the federal government wouldn’t seek enforcement action.

Click here to view original web page at dailycaller.com

Get 420Cali updates to your inbox, free!

Awesome Handheld Vape!
Tags
featured
tweet
Northern California tribe plans marijuana farm

About 420 Shaye

420 Shaye

Founder of 420Cali.com. Shaye started her medicinal marijuana journey in SoCal and currently resides in NorCal, giving her an awesome perspective of the 420 lifestyle in California. Support Shaye and other 420 Cali bloggers by contributing content to the site. 420 California-based business? Get listed for free! We welcome all Californians who share our love and respect for nature's finest, cannabis.

Related posts

  • Northern California tribe plans marijuana farm

    Northern California tribe plans marijuana farm

    January 10, 2015

  • Concentrated cannabis qualifies as medical marijuana, California court rules

    Concentrated cannabis qualifies as medical marijuana, California ...

    December 26, 2014

  • Residents Riled Over Christmas Display of Pot-Smoking Santa

    Residents Riled Over Christmas Display of Pot-Smoking ...

    December 23, 2014

  • Marijuana fine is withdrawn in Fresno County medical marijuana case

    Marijuana fine is withdrawn in Fresno County ...

    December 18, 2014

Leave a Comment

Click here to cancel reply.

Follow @my420cali on Instagram

[fts instagram instagram_id=1583200281 type=user]

instagramiconFollow us @my420cali

    Follow us

Follow Us on Twitter

Follow @420cali
  • RT @PatteCOM: .@drsanjaygupta @CoryBooker @SenGillibrand @BarackObama @RandPaul Our first giant leap: #CARERSACT #Happy420 http://t.co/W6…

    8 years ago
  • RT @RollingStone: #Happy420! Here's the top 10 marijuana myths and facts: http://t.co/i1USwYFaxD http://t.co/DFFWisdUMJ

    8 years ago
  • RT @stoner_stuff: Here's why STONERS LIKE 420 http://t.co/89X5ILKCpS #420allday #Happy420 http://t.co/iTJGA5yp9x

    8 years ago
  • #Happy420 http://t.co/P0uwzd7ODQ

    8 years ago

Contribute to 420Cali.com

Contribute to 420Cali.com

420Cali Loves VaporNation

  1. Welcome from Shaye

    Shaye from 420cali
  2. Cali Strain Reviews

    NS Sour Diesel Strain Review
    Faded Fridays – Strain Review Videos From Shaye
    Lemon Sour Diesel Strain Review
    XJ-13 Strain Review
    Super Sour Diesel Strain Review
    Blue Cheese Strain Review
    Pineapple Express Strain Review
    Girl Scout Cookies Strain Review
    Chocolope Strain Review
  3. Join Us!

    Do you own a 420 website or product? Maybe you simply enjoy sharing your 420 thoughts online...whatever it may be, Get in touch and share your ideas with the 420 Cali community!

    We will write a review (or video) of your 420 business and promote your 420 brand, FREE!

    Send us an email here
  4. Subscribe

    Stay in the 420Cali Loop!
  • instagram
  • youtube
  • twitter
  • rss
  • googleplus
  • facebook
Copyright ©420cali.com, All Rights Reserved