Cannabis Investors Growing Faster Than The Deals

Cannabis Investors Growing Faster Than The Deals

Thirsch said, “I have no doubt we’ll hit that in a short time frame and I anticipate we’ll form a second and third fund.” Thirsch said he hasn’t had to do a lot of selling to find investors because “investors want to get in, but they aren’t sure how to do it.”

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Asset manager sees gold in grass; starts PE cannabis fund

Asset manager sees gold in grass; starts PE cannabis fund

As marijuana becomes legalized in various parts of the country, investors and asset managers are grappling with the best way to make some money off the trend.

The latest, and perhaps most aggressive, effort is a new private-equity fund from Salveo Capital that will invest along the entire marijuana supply-and-distribution chain, including the businesses that physically handle the product.

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Salveo Capital Welcomes Research Into The Effectiveness Of Medical Marijuana

Salveo Capital Welcomes Research Into The Effectiveness Of Medical Marijuana

"There are some snake-oil salesmen out there, but in some respects that's going to happen in any industry," said Alex Thiersch, managing principal of Chicago-based Salveo Capital, which invests in the medical marijuana industry. "We need to figure out what marijuana does. You talk to cancer patients, for instance, and from a medical standpoint, it appears to work. But why does it work? You talk to pharmaceutical companies and they've been doing research on their drugs for years. And we need that kind of work on marijuana."

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Salveo Capital: Investing In People, Ideas, And Cannabis

Salveo Capital: Investing In People, Ideas, And Cannabis

He's someone who sees this industry for what it is, a unique opportunity, and he’s right on track with being part of history in the making. Alex Thiersch of Salveo Capital is here to give us his insight on the industry, what it takes to succeed in the space, why you’ll never catch him ‘shutting down’ a company due to failure, why he advises entrepreneurs to make two business plans.

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