Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
Updated: May 21, 2021
"A former partner at Bain & Co. is the latest investor trying to take advantage of the hype surrounding CBD, a non-intoxicating component of cannabis. Jay Lucas, who worked at the Boston-based consulting firm for about a decade in the 1980s, has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis. The fund’s first investment was in Standard Dose, a brand and e-commerce site that strives to be a “mini-Amazon” for CBD, Lucas said."