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By Omar Sacirbey
Tuatara Capital recently made history when it raised $93 million to wager on marijuana-related businesses, a record sum for a cannabis investment firm.
Tuatara secured the money mainly from deep-pocketed individuals. But a company executive predicts big institutional investors will begin focusing on marijuana businesses in as soon as 12 months.
Al Foreman, Tuatara’s chief investment officer, expects that major investors like investment banks will start doing their “homework and focus on the industry from an investment standpoint” given the upcoming elections. This November could be a historic moment for the industry, as medical and recreational