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Poseidon Asset Management – a San Francisco-based investment company focused on the cannabis industry – has launched a second fund with the goal of raising $100 million to $150 million from investors.
If Poseidon achieves that goal, the investment fund would be one of the largest in the marijuana industry. The company did not detail the types of businesses it will invest in.
According to a company news release, Poseidon has made two new hires connected to the new fund:
- Tad Henderson, who takes the role of managing director
- Andrew Roche, who will be an investment analyst