12/12 Ventures

12/12 Ventures is a venture capital firm based in Sausalito, California, that specializes in early-stage and growth investments across the global cannabis industry. The organization primarily allocates capital to scalable consumer brands, retail operations, and industry-specific technology platforms. Operating with a team of four staff members, the firm manages a single private equity fund and was actively raising a $100 million investment vehicle as of 2020 to deploy into emerging cannabis markets. The firm's investment portfolio includes recognizable cannabis enterprises such as Backbone and Cookies Inc., with the latter operating seven dispensaries in California and one in Detroit during its initial funding round. The firm is currently managed by a leadership team that includes partners Charles Finnie and Gilbert Berner Milam. 12/12 Ventures was founded in 2019 by Matthew Barron.