Tag Archives: Private Companies

Report: Marijuana Funding in 2016 Down Slightly from 2015

Report: Marijuana Funding in 2016 Down Slightly from 2015

Report: Marijuana Funding in 2016 Down Slightly from 2015

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.

Proof

Proof Is in the Pot: Legal Weed Gives Colorado Business a Boost

New Year’s Day 2014 was the first day Colorado allowed licensed vendors to sell marijuana to anyone 21 years or older, making buying a bag of pot virtually the same as buying a six-pack of beer. Just 24 hours later, the state’s retail marijuana shops, most of which are in the Denver area, surpassed an aggregate $1 million in sales.


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