Venture Capitalists Poured $215 Million into Cannabis Last Year


A new study just published by CB Insights found that in 2015, venture capitalists invested a grand total of $215.2 million into startups working in the cannabis space. Those investments took place over the course of 98 business deals. There’s been a lot of talk in recent months about the ongoing “green rush” of the cannabis industry. Some see the whole thing as a fluke that will simply fade off into the sunset, but others see it as the early stages of what could become a huge—and hugely profitable—new industry. In fact, some think the cannabis sector could become such a big industry that they’re willing to invest millions in up and coming marijuana businesses. The report also pointed out that both of those figures are up from the year before. In 2014, VCs invested $97.1 million across 63 deals. RELATED:  Experts Say Cannabis is “One of Greatest Investment Opportunities of Our Time” One of the biggest investments of 2015 came when Privateer Holdings received $75 million worth of funding. Privateer Holdings is a private equity firm that owns a number of legal cannabis companies including Marley Natural, the cannabis company run by several members of Bob Marley’s family. This latest report comes on the heels of a more comprehensive overview of the entire cannabis industry, which was published earlier this year. That report found that the legal cannabis industry has experienced explosive growth over the past couple of years. In particular, it said that 2015 saw a 184% increase in adult cannabis sales. The report estimated that the legal cannabis industry is on pace to rake in somewhere around $22 billion by the year 2020. For the most part, the CB Insights report seems more or less in line with these larger trends.

Source: Venture Capitalists Poured $215 Million into Cannabis Last Year

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About Stephen G. Barr, Group Publisher

Author, Syndicated Columnist, Editor In-Chief and Group Publisher at SGB Media Group, a social media marketing firm specializing in digital media content production, publishing, affiliate marketing, public relations and advertising. Over 25 years experience in retailing, advertising, website & online forum development, niche social networking, affiliate marketing, search optimization, branding and identity, site location, non-profit fund raising. Event planning, promotion, production and MC/Host at public events. Author, Editor & Publisher of 35 syndicated, digital publications utilizing multiple digital distribution channels in conjunction with launching and administrating national advertising campaigns for major Fortune 500 advertisers in partnership with Google, Ning, Facebook, Myspace, Yahoo, DoubleClick, LinkShare, PepperJam and other industry leading third party affiliate networks. Product development team member from conception to launch on many websites, tangible goods and organizational structure for start ups. Specialties: Public relations, retailing, advertising, website & online forum development, niche social networking, blogging, email campaigns, affiliate/performance marketing, search optimization, branding and identity, site location, event production & promotion, non-profit fund raising and tasteful, responsible adult content publishing. An internationally recognized and read social media columnist & pundit on The Examiner, Associate Content, Vator.tv, X-Biz.net and Technorati and his own affiliated sites.
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