Sand Hill Road Joins Private Capital Flooding Into Marijuana Startups

The Wall Street of venture capital has been slow to invest in cannabis but that is clearly changing.

The news last month that Bob Marley’s son, Damian Marley, and a Los Angeles-based venture capital company have purchased High Times magazine for $70 million is the latest in a string of large private investments in the cannabis industry.

How large? The total of private capital moved into the cannabis business reached almost $2 billion between January 2016 and April 2017, according to cannabis business analysts New Frontier Data and Viridian Capital Advisors. More than $730 million was raised in the first four months of 2017 alone.

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