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The Cannabis Employee Ownership Fund is an investment fund that finances worker-cooperative ownership in the legal cannabis industry. Targeting $25 million across Maryland, New York, and Rhode Island, it invests through mezzanine debt with warrants, convertible notes, SAFEs, and preferred equity to...
Cannabis businesses are cut off from most federal and bank financing, which makes an employee buyout especially hard to fund. This fund fills that gap so the workers who run cannabis companies can come to own them.
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