Investors Spent More Than $100 Million on Marijuana Businesses in the Last Two Years

By:
spent

Funding for cannabis-related companies grew more than 900 percent during the period.

 

It looks like investors have gotten a serious case of the munchies. During the last two fiscal years, investors spent $104.5 million to gobble up stakes in cannabis and cannabis-related companies, according to research firm CB Insights. In 2014, funding in the industry grew a whopping 941.5 percent.

 

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