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2015 Was the Year Venture Capitalists Discovered Marijuana – Marijuana News

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.

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Will Yakowicz ~ Inc.com ~

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