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Gary Vaynerchuk acquires 50% stake in cannabis-focused branding and marketing agency Green Street

Hip-hop artist The Game, smokes a “creative roll” during a pot product launch at Green Street’s Wilshire Tower showroom in September. (Luis Sinco / Los Angeles Times)

Green Street, an L.A.-based marketing and branding agency focusing on the cannabis space, has sold a 50% stake in its burgeoning business to high-profile investor Gary Vaynerchuk, the company announced Tuesday.

Founded by Rama Mayo and Joshua Shelton in late 2012, Green Street has helped celebrity clients including 2 Chainz, the Game and Broken Lizard (the comedy team behind the “Super Troopers” films) forge weed-related partnerships. In the last two years, the agency has also created a first-of-its-kind cannabis brand showroom in the penthouse of Miracle Mile’s historic Art Deco Wilshire Tower building and recruited a cadre of other like-minded brands to join them in a cannabis-business incubator environment.

(With that building in the process of being sold, Green Street is cloning its concept in a seven-story building under development in downtown L.A.)

Vaynerchuk is an investor who has earned a reputation for his savvy start-up investments (the list of companies he’s backed in their early days include household names such as Twitter, Facebook, Venmo, Resy and Uber). He’s also the brains behind the wine e-commerce platform Wine Library and chief executive of digital agency VaynerMedia.

To Read The Rest Of This Article By Adam Tschorn on Los Angeles Times

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Published: May 15, 2018

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