Family offices around the world are fueling the growth of the cannabis industry and this trend is likely to continue in the coming years. Oftentimes, single and multi-family offices seek opportunities to invest in new, upcoming markets that can offer outsized returns. To showcase this, FINTRX has outlined three family offices that have previously invested in the cannabis industry.
1. Sayano Family Office
Founded in 2017, the Sayano Family Office is a Zug, Switzerland-based single family office with an industry wealth origin in real estate and entrepreneurship. In May of 2019, Sayano invested in a Berlin-based cannabis startup called CanPharma.
2. Joban Group Family Office
The Joban Group is a Dubai, UAE-based single family office and family-owned conglomerate of business ventures. The Joban Group is engaged in a number of business operations across a diverse range of industries, including cannabis.
3. Serruya Family Office
Serruya Private Equity is an Ontario-based single family office with an industry wealth origin in consumer packaged goods through founding one of the largest North American frozen dessert manufacturers, Yogen Fruz. Serruya has been very active in the cannabis sector, making several investments in the space.