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Talk about a growth spurt.
In the 2013 and 2014 fiscal years, investments in the North American cannabis industry hit $104.5 million, according to Inc.com, which based its report on research from CB Insights.
Much of that growth came last year, when investments rose 941.5%, according to the piece.
CB Insights recorded 60 investment deals involving cannabis-related companies, the biggest of which was $75 million raised by private equity firm Privateer Holdings.
After that came a $20 million investment deal in Chicago-based PharmaCann, which operates cultivation sites, and then $12.4 million in funding for Leafline Labs in Minnesota, which is one of two companies granted business licenses in that state to grow and distribute MMJ.
Most of the investments involved companies in Canada or midwestern states that aren’t exactly epicenters of the cannabis industry. Only a handful of the deals that CB Insights examined were tied to businesses in California or Colorado, where the groundbreaking marijuana trade is flourishing.
In the 2013 and 2014 fiscal years, investments in the North American cannabis industry hit $104.5 million, according to Inc.com, which based its report on research from CB Insights.
Much of that growth came last year, when investments rose 941.5%, according to the piece.
CB Insights recorded 60 investment deals involving cannabis-related companies, the biggest of which was $75 million raised by private equity firm Privateer Holdings.
After that came a $20 million investment deal in Chicago-based PharmaCann, which operates cultivation sites, and then $12.4 million in funding for Leafline Labs in Minnesota, which is one of two companies granted business licenses in that state to grow and distribute MMJ.
Most of the investments involved companies in Canada or midwestern states that aren’t exactly epicenters of the cannabis industry. Only a handful of the deals that CB Insights examined were tied to businesses in California or Colorado, where the groundbreaking marijuana trade is flourishing.
