California company plans to invest $100 million in cannabis sector
StarGreen Capital – a new subsidiary of a Southern California-based real estate investment firm – said Tuesday it plans to invest $100 million in California’s medical and recreational marijuana industries over the next year.
StarGreen Capital, a unit of Beverly Hills-based Starpoint Properties, said in a news release it will focus initially on working with cultivators, manufacturers and retailers. The company’s plan: buy, develop and lease real estate, expand operations and build cannabis consumer brands.
“We see tremendous opportunities for growth in the next 12 months,” Paul Daneshrad, CEO of both StarGreen and StarPoint, said in in the news release.
California company plans to invest $100 million in cannabis sector is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs