Marijuana investor Privateer raises $40 million on eve of U.S. elections

Marijuana private equity investor Privateer Holdings has raised $40 million in convertible debt ahead of next week's elections, with pot legalization on the ballot in nine U.S. states. Several investors rushed to place their funds, while others held back to wait for the election results. Of the nine states that will vote on Tuesday on …

Kevin Sabet Is The Marijuana Movement’s Biggest Threat, But Can He Really Stop ‘Big Pot’?

By Joel Warner @joelmwarner [email protected] on December 09 2015 8:02 AM EST BETHESDA, Maryland -- Kevin Sabet, the man Salon called the quarterback of the new anti-drug movement, the guy Rolling Stone labeled the No. 1 enemy of marijuana legalization, the 36-year-old political wunderkind whom High Times has declared the devil himself, takes the stage …