Ghost Group

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Ghost Management Group, LLC
TypePrivate
IndustryVenture capital
FoundedIrvine, California (2012 (2012))
FounderJustin Hartfield
Doug Francis
Headquarters
Irvine, California
,
United States
Websitewww.ghostgroup.com

Ghost Management Group, LLC is a technology company based in Irvine, California.[1][2][3] 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.[4][5][6][7]

Ghost Group targets accredited businesses and investors that are either already involved or have shown interest in becoming involved in the marijuana industry.[3][8]

In June 2013 the firm announced the launch of Emerald Ocean Capital fund.[2][9][3][10][11] The market of consumer-facing products, especially software and technologies, will be the focus of Emerald Ocean.[9][3][4][12] After announcing the launch of the fund, Emerald Ocean expressed intentions of raising 10 to 25 million dollars in its first round.[2][3]

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][9][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. ^ a b c Chris Rauber (June 5, 2013). "Getting high with a little help from your VC firm". San Francisco Business Times. Retrieved July 5, 2013.
  2. ^ a b c d Vita Reed (June 6, 2013). "VC Firm Launches Legal Cannabis Fund". Orange County Business Journal. Retrieved July 5, 2013.
  3. ^ a b c d e "5 Questions for Justin Hartfield: Opportunities as Cannabis Industry Becomes 'Pimply Teenager'". MMJ Business Daily. June 18, 2013. Retrieved July 5, 2013.
  4. ^ a b 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.
  5. ^ "Searchcore Inc (SRER:OTC US)". Bloomberg Businessweek. Retrieved July 5, 2013.
  6. ^ Kate Linthicum (May 22, 2013). "New L.A. law on medical marijuana shops faces hazy future". Los Angeles Times. Retrieved July 5, 2013.
  7. ^ Mike Anderson (May 5, 2011). "Justin Hartfield of WeedMaps". NBC Bay Area. Retrieved July 5, 2013.
  8. ^ "Meet Justin Hartfield, the Pot Industry's First Venture Capitalist". Inc. Magazine. June 13, 2013. Retrieved July 5, 2013.
  9. ^ a b c Rebecca Grant (June 5, 2013). "VC firm hopes for high returns with fund for marijuana". VentureBeat. Retrieved July 5, 2013.
  10. ^ a b "Ghost Group Launches Fund Focused on Marijuana Industry". FinSMEs. June 7, 2013. Retrieved July 5, 2013.
  11. ^ a b "California VC Ghost Group launches medical marijuana fund". AltAssets. June 3, 2013. Retrieved July 5, 2013.{{cite web}}: CS1 maint: url-status (link)
  12. ^ a b "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. ^ a b 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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