Legal pot startups brought in more than $200 million from investors last year, more than twice what they had in 2014.

Legal marijuana is one of the fastest-growing industries in the United States, and last year a record number of startups made deals with venture capitalists eager to get in on the ground floor.

VCs invested a total of $215.2 million across 98 deals in 2015, up from 63 deals worth $97.1 million in 2014, according to a report from venture capital researcher CB Insights.

Pot remains illegal under federal law, but 23 states and Washington, D.C. have legalized medical marijuana sales, and Alaska, Colorado, Oregon, and Washington State have legalized the drug for recreational use.

Click here to read the complete article

Will Yakowicz ~ Inc.com ~

Recent News Articles

Monday January 20

Marijuana legalization may hit 40 states. Now what? - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

Changes in state laws could usher in even more confusion for law enforcement and escalate…

1479 hits

Monday January 20

Report: Oregon marijuana sales 420% stronger near Idaho - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Marijuana sales in Oregon along the Idaho state line are 420% the statewide average, according…

2151 hits

Tuesday January 21

Medical marijuana is now free of charge in Sicily - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

The cost of prescriptions, available to patients suffering from chronic pain, cerebral palsy and multiple…

1414 hits

Tuesday January 21

Tests find some early Arizona hemp crops have too much THC - Cannabis News

in CBD & Hemp

by Bruce Kennedy - Editor in Chief

Arizona’s budding hemp-growing industry is suffering growing pains as levels of THC that are too…

1365 hits

Tuesday January 21

Brewing up buds: Beverages companies enter cannabis game - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

With 11 states and the District of Columbia now legalizing recreational marijuana, and 33 states…

1485 hits