Image of You Tube video on Cannabis Investment
Peter Thiel’s Founders Fund investment in marijuana venture capital firm Privateer Holdings last week is the most mainstream seal of approval on the burgeoning legal cannabis industry. But it’s just one player.
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Investors spent at least $104.5 million on stakes in cannabis-related firms over the last two years, Inc.com reports today. Using data from CB Insights, Inc.com finds evidence for roughly 60 deals. Privateer’s $75 million round is the biggest. But Chicago-based PharmaCann raised $20 million, and Minnesota’s Leafline Labs raised $12.4 million.
 
Oakland’s Stephen DeAngelo, co-founder of angel investment network The ArcView Group, also reports $17 million in deals with 34 companies since 2010. ArcView conducts a members-only Shark Tank-like event called “Arc Tank” at the Fairmont Hotel Jan. 25 – 27. “If you’ve ever considered making a play in this industry, now may be the time to make your move,” Arc View writes.
 
Please watch the short 3 minute video here ; http://youtu.be/BlmRRHNCXCg
 
Posted on January 13, 2015 ~ by David Downs
 
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