Ghost Group

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]

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]

• Official website