Legal Cannabis in Washington State

SEATTLE, WA - MARCH 14: Christian Groh, Brendan Kennedy and Michael Blue (left to right), the founders of Privateer Holdings, a private equity firm that invests only in legal medical and recreational cannabis markets, meet in their office near downtown Seattle, on March 14, 2014 in Seattle, Washington. Graduates of prestigious U.S. universities, the three partners launched Privateer Holdings after working in the Silicon Valley. Posted on the map of the U.S. behind them, the names of Privateer Holdings specialists who follow the evolution of Cannabis' laws in different states. With legal medical cannabis allowed in over 20 states, and recreational use allowed in two (Colorado and Washington), the legal cannabis market is primed to expand dramatically. Privateer Holdings has already raised over 50 millions dollars from investors, effectively bringing cannabis to Wall Street (Photo by Gilles Mingasson/Getty Images).