Ghost Group

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.

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

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. Chris Rauber (June 5, 2013). "Getting high with a little help from your VC firm". San Francisco Business Times. Retrieved July 5, 2013.
  2. Vita Reed (June 6, 2013). "VC Firm Launches Legal Cannabis Fund". Orange County Business Journal. Retrieved July 5, 2013.
  3. "5 Questions for Justin Hartfield: Opportunities as Cannabis Industry Becomes 'Pimply Teenager'". MMJ Business Daily. June 18, 2013. Retrieved July 5, 2013.
  4. 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. Rebecca Grant (June 5, 2013). "VC firm hopes for high returns with fund for marijuana". VentureBeat. Retrieved July 5, 2013.
  10. "Ghost Group Launches Fund Focused on Marijuana Industry". FinSMEs. June 7, 2013. Retrieved July 5, 2013.
  11. "California VC Ghost Group launches medical marijuana fund". AltAssets. June 3, 2013. Retrieved July 5, 2013.
  12. "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. 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.
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