Cannabis Investing Tops $100M In Just Two Years

marijuanaMA.jpgThe legal cannabis industry has gained its seal of approval in the mainstream investing world with Peter Thiel’s Founders Fund investment in cannabis firm Privateer Holdings. But that’s just one player – in recent years, the industry has seen many investors flocking in with funds.

In fact, Inc.com reports that over the last two years, investors spent some $104.5 million for stakes in marijuana-related companies. The report cites data from CB insights, which show that there were roughly 60 deals accounting for this. The $75 million round for Privateer is by far the biggest, but other investments were also in the multi-millions: Chicago’s PharmaCann raised $20 million, while the Minnesota-based Leafline Labs raised $12.4 million.

Angel investment network The ArcView Group came up with a similar finding. Co-founder Stephen DeAngelo reports that since 2010, they’ve seen $17 million in deals involving 34 cannabis companies.

With this, ArcView advises those interested in the industry that now just might be the time to make a move.

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