It’s no longer a secret that the cannabis industry is growing in a big way. In a remarkably short amount of time, cannabis has already been fully legalized in five states and legitimized in 20 other states and the District of Columbia for medicinal purposes, with legalization likely in many other states in the coming months and years. Today, cannabis is an industry with the potential for multiple billions of dollars in growth.
On Jan. 6, 2017, CB Insights released a report on annual funding activity for private marijuana companies in 2016, as well as activity for the fourth quarter of the year. According to the report, deals made and dollars invested leveled off in 2016.
On Jan. 6, 2017, the Oregon Liquor Control Commission announced that it had recently approved 762 recreational marijuana licenses and 9,041 Marijuana Worker Permits.
The Colorado Marijuana Enforcement Division recently issued its 2016 mid-year report, documenting supply chain data from Jan. 1 to June 30, 2016.