US (CA): StarGreen Capital to invest $100 million in marijuana industry

StarGreen Capital announced plans to invest $100 million over the next year in California's legal medical and recreational cannabis industries. StarGreen will provide capital and business development services to qualified partners representing every segment of the industry from "seed to sale." Initial areas of focus for investment will include partnering with cultivators, manufacturers and retailers to acquire, develop and lease real estate, expand operations, and build cannabis consumer brands.

"We see tremendous opportunities for growth in the next twelve months," said StarGreen Capital CEO Paul Daneshrad. "Our focus is to invest $100 million in real estate and joint ventures over the next year to help cannabis entrepreneurs in every segment of the industry capitalize on this generational opportunity."

Even though the industry is projected to grow aggressively in California and nationwide, cannabis entrepreneurs still face significant obstacles in starting and growing their businesses. These obstacles include a lack of access to capital markets and banking services, challenges identifying suitable real estate for purchase or lease, and a complex and evolving regulatory environment at the state and federal levels.

StarGreen's goal is to provide California's cannabis entrepreneurs with the tools they need to overcome these challenges. The firm will provide its partners with ready access to institutional level capital and deep expertise in cannabis business operations, commercial real estate and brand strategy. Each joint venture will deploy a unique mix of business tools to put investment partners on a path to rapid growth.

For more information:
www.stargreencapital.com