Silver Spike Capital just raised $250 million for cannabis fund

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Wall Street is turning to weed.

Silver Spike Capital, a new firm from a group of Wall Street veterans, last week raised $250 million through a special purpose acquisition company or SPAC. The firm will eventually include a direct lending arm, a hedge fund for public market opportunities, and a private equity fund, along with the recently-announced SPAC.

The firm is expecting to raise additional cash over the next 12-to-18 months, first for its direct lending and private equity funds and…

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