Serious question: Are the investors not at risk for being charged with a federal RICO case given that marijuana is illegal at that level in the US? Legally, it's no different than them investing in a heroin or cocaine ring.
Eaze, cannabis delivery company, raises 27M
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Re: Eaze, cannabis delivery company, raises 27M
#52I get the need for runway given the burn rate at 1 mil/month. I just can't understand the investors motivation. What does annual revenue really look like? Meadow raised just over 2 mil and is close to profitability. It all just seems a tad excessive in terms of cap raise, burn and realistic growth. But again, just keep raising capital, eventual you can IPO and dump it on a bunch of retail guys.
Re: Eaze, cannabis delivery company, raises 27M
#53Can the VC be implicated for financing distribution of controlled substances ? There could be enough grounds for Banks to terminating their relationship with Bailey Capital et al. Why would a venture capital firm expose themselves to this, when its not even legal in half of the country?
>Can the VC be implicated for financing distribution of controlled substances ? There could be enough grounds for Banks to terminating their relationship with Bailey Capital et al.
Yes, and yes.
>Why would a venture capital firm expose themselves to this, when its not even legal in half of the country?
Because selling weed is basically printing money