When three Colorado marijuana entrepreneurs made a presentation to 40 Silicon Valley investors last year, it was as though they were discussing something dirty.
Tag Archives: Venture Capitalists
From industry members in the trenches to suits in corner offices, here are five events that show cannabis cleans up well, signaling the professionalization of the industry.
On Feb. 29, 2016, CB Insights released a report on venture capital investments in the legal cannabis industry for 2015. According to the report, VCs invested in 98 cannabis-related deals in 2015, totaling $215.2 million.
Marijuana is often described as a gateway drug, but for some young entrepreneurs, marijuana is the gateway to a world of opportunity.
The Marijuana Investor Summit was not short on speakers and panelists offering advice on financing a cannabis business. But many cannabis entrepreneurs learned a grittier lesson in the conference center’s labyrinth-like hallways and the hotel’s lobby bar.
The UpTake: Marijuana startups are all the rage since states began legalizing the herb for medicinal and recreational use. But that doesn’t mean venture capitalists are ready to make the jump.
Many venture capitalists are still nervous about investing in marijuana, despite a legal market estimated at $1.44 billion. Worries range from DEA enforcement action to scalability to a general squeamishness about “sin products.” A realistic way to take the risk/reward problem apart may be to look at the industry as a collection of mini-markets, each with unique characteristics.
As we’ve previously discussed, investors have taken an interest in canna-business start-ups in recent years. Venture capitalists (VCs) and angel investors are recognizing the industry’s profitability and have begun funding legal cannabis companies.
Silicon Valley entrepreneurs love to beat their chests about how disruptive they are. As the trope goes, they’re fearless about betting on the next far-out idea, whether it’s driverless cars, private space flight or the Airbnb of parking spots.