Altitude Investment Management's partners. Courtesy of Altitude Investment Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Altitude Investment Management is raising over $100 million for its second cannabis-focused fund, according to people familiar with the matter. The fund is a sizeable increase over its first $30 million fund which closed last year. Altitude joins a long list of cannabis venture funds that are...

MedMen is now the biggest cannabis company in the US. Lucy Nicholson/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Hot off of a $682 million acquisition, Adam Bierman, the CEO of MedMen — now the biggest cannabis company in the US — opens up about his biggest competition. While Bierman said he welcomes competition, big private equity firms are knocking on the marijuana industry's door, "and they'll come in and compete...

REUTERS/Leonhard Foeger The US marijuana industry is booming in a number of states, but the federal government considers marijuana an illegal, Schedule I drug. Because of that, most banks won't touch the industry. And they won't lend money either. That's forced marijuana startups to come up with creative solutions to raise money, finance growth, file taxes, and pay employees. Twice a week, Emmett Reistroffer carefully watches his array of security cameras. When the coast is clear, an armed...