The King of porn is looking to be the King of cannabis. Fabian Thylmann founder of pornhub, is now taking money from adult films and placing it into weed.
Per Marijuana
Porn King” Fabian Thylmann, the founder of numerous adult websites, is financially backing a German cannabis startup founded in 2017. Initially, Thylmann invested a six-figure sum, but by the end of 2017, his investment company SN Invest poured at least a million into the Cologne-based Cannamedical, company CEO David Henn told Marijuana.com.
In November 2016, just two months before the German Bundestag decided to legalize cannabis for medical purposes, Henn founded Cannamedical. Today, Cannamedical has 20 employees and is looking to fill 10 open positions for 2018.
Thylmann made his first millions with websites like Youporn and Pornhub and founded the Manwin group (now MindGeek), which he sold in 2013. Shortly before selling Manwin, Thylmann was charged with a tax offense in Germany which was resolved in December 2016 after a payment of several million euros.
“The medical cannabis business has similar financing issues as I had in the past. It is a very profitable business but few banks and funds today are comfortable with it globally. My old network puts me in a unique position to help companies in this field move forward more than others, and I have no fear investing in businesses I believe are beneficial for mankind, as long as they are legal. Cannamedical is one of the very few companies with a permit to distribute in Germany. They are in a unique position in a very strong market and are very well set up for unprecedented growth. Who is better positioned than a German company with German principles and accuracy?” Thylmann said in an exclusive interview with Marijuana.com.