Investing In Marijuana: Cannabis Industry Raises Hit $1.8 Billion, Up 150% Year Over Year
Despite strong opposition from former White House Press Secretary Sean Spicer and Attorney General Jeff Sessions, and the overall limitations imposed by federal illegality in the U.S., 2017 is shaping up to be a great year for the North American cannabis industry.
As more institutional investors come into the space and the public gets more comfortable supporting marijuana companies, signs of maturity and consolidation continue to emerge.
Along this line, Viridian Capital Advisors’ latest release of its Viridian Cannabis Deal Tracker, a unique and valuable resource that tracks the capital markets activity in cannabis, showed that capital raises in the first three quarters of the year surpassed $1.8 billion, up from $720 million in the same period last year.
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