First Women Run Hemp Equity Fund Announced
May 8, 2018 – Los Angeles, Calif. – PRESS RELEASE – The High Finance Fund is a $20 million global equity fund investing in the industrial hemp industry. It’s managed by Wendy Robbins and Karen Paull, the producers of Amazon Prime’s popular series “The Marijuana Show.” The High Finance Fund will be the first women run equity fund focused on the industrial hemp and cannabis industry. The High Finance Fund is supported by advisors, like Bob Hoban and Brent Johnson of the Hoban Law Group, and a team of expert fund managers and administrators who have a proven track record of managing billion dollar equity funds.
The launch of the High Finance Fund comes at a time of changing political attitudes towards industrial hemp, with Republican Majority Leader Mitch McConnell (R – KY) recently introducing the bipartisan Hemp Farm Act of 2018 in the Senate. According to Senator McConnell, the Hemp Farm Act of 2018 will, “finally legalize hemp, legalize hemp as an agricultural commodity, and remove it from [the] list of controlled substances.”
Senate Minority Leader Chuck Schumer (D-NY) will be joining Majority Leader Mitch McConnell in cosponsoring the Hemp Farming Act. He along with 10 other Senators from both sides of the aisle including Sen. Ron Wyden (D-OR), Sen. Rand Paul (R-KY) and Sen. Jeff Merkley (D-OR) support the legislation.
The U.S. hemp industry was valued at $815 million in 2017 and is projected to grow to $2.5 billion by 2022, according to Hemp Business Journal data.
Karen Paul, the executive producer of “The Marijuana Show”and managing partner of the High Finance Fund, said, “Investors and family offices like industrial hemp deals as they are safer than marijuana deals. We have expert advisors including Bob Hoban of the Hoban Law Group. Their 45+ attorneys have access to exclusive global deals and most hemp companies are their clients.”
“The High Finance Fund is focused on building an extensive portfolio of safe revenue producing global brands that solve current problems. We are pitched thousands of deals for our show, so this fund is a natural extension. We are investing in the future of hemp which we believe will build unprecedented wealth,” continued Wendy Robbins, managing partner and producer/director of “The Marijuana Show.”
The fund is interested in investing in industrial hemp cultivation, processing, system roadblocks and solutions, and international CBD wholesale and retail deals. It will also fund non-plant touching cannabis and real estate deals. The opportunities the fund choose are based on data, trends, commercial viability, intellectual property, assets, ability to scale globally, solid management teams with proven track records, leading scientific methods, and brands with broad consumer appeal.
Investors can learn more about the High Finance Fund at http://www.highfinancefund.com/. The High Finance Fund is currently fundraising and ready to deploy capital. Here is a short video on why to invest in hemp now.
Industrial hemp is the non-psychoactive cousin of marijuana, it does not produce the “high” associated with cannabis use. Where industrial hemp is legal, it can be processed for use in a wide array of products including food, fuel, construction materials, textiles, body care products, nutritional supplements, paper products, plastics, livestock feed, CBD oil, animal bedding and more. It is generally seen as being a raw material source for highly sustainable products. The United States has a long history with hemp. The Declaration of Independence was written on hemp paper. The first flag is hemp. For 200 years it was illegal not to grow cannabis hemp for the government. Our founding fathers were hemp farmers.
Wendy Robbins and Karen Paull produce “The Marijuana Show.” The show is seen by millions on Amazon Prime and has reached 250 million via National mainstream press. The first season started in the summer of 2014. Season 3 will be on Amazon Prime summer, 2018. High Finance Fund is managed by Wendy Robbins and Karen Paull, the producers of “The Marijuana Show.” High Finance Fund is a global hemp and cannabis equity fund launching May, 2018.
Founder & Interim Editor of L.A. Cannabis News