Former Yahoo CEO Carol Bartz reported to CNBC’s “Squawk Alley” that she views CBD like tech 20 years ago. She also disclosed that she had invested in California-based CBD company Caliva.
Bartz is not the only one whose invested. Joe Montana, NFL Hall of Fame, has also invested over $75 million into the company’s first fundraising round. The company manages various components of the CBD formulation process from “seed to sale” and it even grows marijuana, it creates vape oils, and it also sells its formulas at a dispensary in San Jose.
Barz also plans to join the Caliva board. She’s stated,
“When I saw this opportunity, I said this is the new world here. It’s like being back in tech 20 years ago. It’s like so much growth potential, so many ways to change people’s lives so I’m in.”
One of the main growth opportunities associated with CBD is that it is non-psychoactive when it is free from THC. According to Bertz, CBD is “a very, very important part” of the CBD industry, but combination of THC and CBD may be more beneficial.