Could Marc Andreessen be the next major investor eyeballing the burgeoning legal marijuana market?
Mayhaps. It came to our attention today that he was certainly retweeting a lot of comments about marijuana. See below:
@pmarca Won't marijuana be down to commodity prices soon? 1. WA has a glut on the recreational market & 2. more states voting to legalize
— Spencer Green (@SpencerGreen111) January 26, 2015
— Ian D King (@iankingnyc) January 26, 2015
It’s not surprising at all that Silicon Valley wants to get in on the cannabis bandwagon. After Peter Thiel’s official announcement that his Founders Fund is investing in Seattle-based Privateer Holdings, it will only a matter of time until the other big-time investment dollars start coming into legal weed.
Funnily enough, Andreessen Horowitz recently announced its “16 things” it will be focusing on in 2015, and marijuana wasn’t one of them. The firm “invests in about 1 out of every 100 deals that come its way, making decisions not based on particular themes or topics, but rather people and ideas,” according to Quartz.
Let’s see if they become the next major tech player to enter the recreational marijuana market. High times, indeed.