Image of online cannabis funding website & mobile app
Jim Dallke ~ Chicago Inno
As marijuana laws across the United States begin to change, a host of startups have emerged in what is now one of America's fastest-growing industries: cannabis production.
And as startups look for funding, a Chicago-based company wants to help marijuana entrepreneurs easily find investors through crowdfunding.
CannaFundr, headquartered in Chicago with offices in Florida, Michigan and New Jersey, has created an online investment marketplace for companies in the weed industry, allowing cannabis startups to access accredited investors. Investers are able to co-invest in deals, and startups can get the funding they need without traveling to pitches across the country. Earlier this month DC-based startup New Frontier Financials, the "Bloomberg for Weed," received $250,000 in funding via CannaFundr.
CannaFundr says it has a network of thousands of investors, many of which have made previous investments in the marijuana space. Investors can browse deals, ask questions to startup founders, and attend CannaFundr webinars. CannaFundr is owned by CrowdFund Connect, Inc, which manages a network of crowdfunding sites.
CannaFundr is also speaking at the Marijuana Investor Summit April 20-22 in Denver, where founder Randy Shipley will help explain the legal complexities of the weed industry.
"The Marijuana Investor Summit 2015 provides entrepreneurs and investors with a comprehensive understanding of this industry and how to invest in it from seed to sale and all the steps in between,"  Shipley in a statement. "The legalized marijuana industry is changing and growing rapidly, as are the opportunities for investment and the mechanisms for investment, such as crowdfunding. This event is about bringing people together to take advantage of all of those opportunities and taking this new frontier to its full potential."
CannaFundr is one of a handful of Chicago startups operating in the weed industry. Marijuana startup Agricare LLC raised $2 million in equity funding back in October, and HerbFront, a startup devoted to the legal cannabis real estate market, was accepted into the Elmspring accelerator at 1871.

Recent News Articles

Wednesday March 27

Can medicinal cannabis treat the tics in Tourette syndrome? - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

A pioneering clinical trial investigating medicinal cannabis as a potential treatment for people living with…

712 hits

Wednesday March 27

Ohio: Columbus’ first medical marijuana dispensary opens - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

About 30 people waited in line Tuesday morning to shop in central Ohio’s first medical…

1863 hits

Wednesday March 27

CBD Expected to Have Explosive Growth In European Union - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

The market has been slower to grow than it has in the US. But that’s…

1783 hits

Wednesday March 27

4 Tips to Navigate the Hemp Gold Rush - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Here’s what you need to know to protect your investment even as smart leaders work…

2145 hits

Thursday March 28

Pot & Real Estate: Port Hueneme's marijuana industry has commercial property values blazing - Cannabis…

in Real Estate

by Bruce Kennedy - Editor in Chief

Call it the “pot premium.” It’s driving up commercial real estate prices in the little…

1431 hits