Salveo Capital To Fill Funding Gap In Illinois Marijuana Industry

Alex Thiersch recently announced the launch of Chicago-based Salveo Capital and is aiming to raise up to $25 million. He says he expects to have raised $10 million in the next month and an additional $5 million to $15 million within three months.

Investors See Potential Opportunity in Marijuana Reform Bill

"This is very, very encouraging," said Alex Thiersch, a managing partner at Salveo Capital, a Chicago firm in the process of raising a potential $25 million fund to invest in marijuana businesses. "This opens many, many doors for us to pursue opportunities."

Investors See Potential Opportunity in Marijuana Reform Bill

While Salveo is looking to pursue investments in growing and distribution operations, a larger firm with a portfolio of active investments, Privateer Holdings Inc., has limited its deals in the U.S. to ancillary businesses in the marijuana industry...