Celebrity Buzz: Company Selling Willie Nelson's Pot Brand Raises $12 Million to Enter More States

Celebrities who flaunted their pot smoking for decades when it was taboo are now cashing in on the legal cannabis boom.GCH Inc., a Colorado firm that markets country music legend Willie Nelson's brand of weed, said on Wednesday that it has raised $12 million to expand beyond its current market of Colorado, Washington, Nevada and Oregon. That brings its total funding to $29.5 million. Earlier this month, a private equity firm backed by billionaire Peter Thiel said it has amassed $200 million for its cannabis portfolio, which includes the official brand of the late reggae star Bob Marley.  Continue reading...