CEDELLA, RITA, & ROHAN MARLEY |
The late reggae legend’s family has signed a deal with Privateer Holdings for Marley Natural, a premium pot line cultivated from “heirloom Jamaican cannabis strains inspired by those Bob Marley enjoyed.”
The private-equity firm is also investing in a range of other pot-derived products, including hemp-infused lotions and accessories, that will capitalize on the growing legalized marijuana industry.
Besides a best-selling recording artist, Jamaica-born Bob Marley was a follower of the Rastafari religion, which considered ganja, or marijuana, to be a sacrament.
Privateer said the exclusive deal with Marley’s heirs, including daughter Cedella and son Rohan, is a 30-year global licensing agreement. Financial terms weren’t disclosed.
“We’re talking about a brand that has immediate global name recognition,” said Brendan Kennedy, Privateer’s chief executive and co-founder.
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