Rose Capital, a marijuana-focused firm founded by former Wall Street veterans, closed its first $55 million fund, bringing its capital under management to $100 million.
The fund avoids investing in plant-touching companies, Timothy Simon, the firm's head of capital markets, told Business Insider in an interview.
Rose Capital joins a number of cannabis-focused funds in the New York City area as legalization sweeps the US.
The cannabis industry is seeing a wave of dedicated funds hoping to...
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