Ghost Group

Ghost Group
Private
Industry Venture capital
Founded Newport Beach, California (2012 (2012))
Founder Justin Hartfield
Doug Francis
Headquarters Newport Beach, California, United States
Website www.ghostgroup.com

Ghost Group is a technology company based in Newport Beach, California.[1][2][3][4] that has a portfolio of advertising, web, point of sale and logistics software.

Overview

The firm was founded in 2012 by Justin Hartfield and Doug Francis.[5][6][7][8]

Ghost Group targets accredited businesses and investors that are either already involved or have shown interest in becoming involved in the marijuana industry.[4][9]

In June 2013 the firm announced the launch of Emerald Ocean Capital fund.[2][3][4][10][11] The market of consumer-facing products, especially software and technologies, will be the focus of Emerald Ocean.[3][4][5][12] After announcing the launch of the fund, Emerald Ocean expressed intentions of raising 10 to 25 million dollars in its first round.[2][4]

Additionally, the capital fund will function as a venture capital incubator, with an 8,000 square foot office facility in Denver, Colorado for select startups.[2][13]

Ghost Group concurrently announced the launch of Ghost Domain Capital, an investor in category killer Internet domains.[1][10][11][12]

Developments in marijuana legalization

Both Emerald Ocean Capital and Ghost Domain Capital were launched after a Pew Research Center study found that more than 50% of Americans approve the legalization of marijuana for recreational use.[1][3][14][15]

In 2005 a United Nations study reported global marijuana sales generate 142 billion dollars.[16]

Justin Hartfield resides on the boards of both the NORML and the Marijuana Policy Project’s Boards of Directors. He contributed over $100,000 to the Measure F campaign, which advocates for an open market system for marijuana sales.[15]

References

  1. 1 2 3 Chris Rauber (June 5, 2013). "Getting high with a little help from your VC firm". San Francisco Business Times. Retrieved July 5, 2013.
  2. 1 2 3 4 Vita Reed (June 6, 2013). "VC Firm Launches Legal Cannabis Fund". Orange County Business Journal. Retrieved July 5, 2013.
  3. 1 2 3 4 Rebecca Grant (June 5, 2013). "VC firm hopes for high returns with fund for marijuana". VentureBeat. Retrieved July 5, 2013.
  4. 1 2 3 4 5 "5 Questions for Justin Hartfield: Opportunities as Cannabis Industry Becomes 'Pimply Teenager'". MMJ Business Daily. June 18, 2013. Retrieved July 5, 2013.
  5. 1 2 Walter Hickey (June 13, 2013). "Justin Hartfield Is About To Become The First Venture Capitalist Of The Pot Industry". Business Insider. Retrieved July 5, 2013.
  6. ↑ "Searchcore Inc (SRER:OTC US)". Bloomberg Businessweek. Retrieved July 5, 2013.
  7. ↑ Kate Linthicum (May 22, 2013). "New L.A. law on medical marijuana shops faces hazy future". Los Angeles Times. Retrieved July 5, 2013.
  8. ↑ Mike Anderson (May 5, 2011). "Justin Hartfield of WeedMaps". NBC Bay Area. Retrieved July 5, 2013.
  9. ↑ "Meet Justin Hartfield, the Pot Industry's First Venture Capitalist". Inc. Magazine. June 13, 2013. Retrieved July 5, 2013.
  10. 1 2 "Ghost Group Launches Fund Focused on Marijuana Industry". FinSMEs. June 7, 2013. Retrieved July 5, 2013.
  11. 1 2 "California VC Ghost Group launches medical marijuana fund". AltAssets. June 3, 2013. Retrieved July 5, 2013.
  12. 1 2 "Multi-Million Dollar Cannabis Venture Capital Fund in Works, Plans to Target Ancillary Marijuana Startups". MMJ Business Daily. June 6, 2013. Retrieved July 5, 2013.
  13. ↑ Eleazar David Melendez (June 6, 2013). "Marijuana Venture Capital Fund Launches As Ganjapreneurs Go Mainstream". The Huffington Post. Retrieved July 5, 2013.
  14. ↑ "Majority Now Supports Legalizing Marijuana". Pew Research Center. April 4, 2013. Retrieved July 5, 2013.
  15. 1 2 Warren Olney (May 14, 2013). "Can Prop C Help Overturn Citizens United?". KCWR. Retrieved July 5, 2013.
  16. ↑ "Ex-Microsoft Man Jamen Shively Plans To Unveil Mystery Marijuana Brand". The Huffington Post. May 30, 2013. Retrieved July 5, 2013.

External links

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