Capital for Buying, Upgrading Legal Marijuana Business Property Increases
More capital is flowing into the purchasing and upgrade of property tied to fledgling marijuana businesses in states where it has been legalized, according to statistics from Viridian Capital Advisors, an investment bank that specializes in the pot trade.
Last year businesses that focused on growing or dispensing marijuana raised about $475 million, according to the Viridian Cannabis Deal Tracker. This year the figure has already hit $225 million, the firm said.
Those businesses are using most of that money either to buy or upgrade indoor and outdoor farms and stores, Viridian executives said.
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