Buffett Invests in the Cannabis Industry

Buffett holding, Kraft Heinz has made a $23 million investment in the cannabis industry late last week. Berkshire Hathaway currently holds a 26.7% stake in Kraft Heinz, worth $9.2 billion. Last year, Kraft Heinz established a venture-capital wing, known as Evolv Ventures, to invest in emerging tech companies that are poised to transform the food industry. To date, three investments have been made, with the $23 million in funding for cannabis technology start-up Flowhub being the latest . . . .

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See Also: investing, marijuana, coca cola, flowup, evolv ventures, cannabis

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