Cannabis Investments: Deals Remain Steady While Dollars Drop

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Cannabis Investments: Deals Remain Steady While Dollars Drop

Flickr / Jorge Franganillo / CC BY 2.0

On Oct. 18, 2016, CB Insights released a report on deals made and dollars invested into private American cannabis companies in the third quarter of 2016. Deals remained steady for the quarter, but dollars invested dropped to the lowest recorded level since Q3 of 2015.

According to the report, Q3 saw $13.4 million invested across 16 deals, with the dollar amount down 68.6% from the $42.7 million banked in Q2. CannaKorp, creator of a pod-based medical cannabis vaporizer system, logged the top deal of Q3 at $3.8 million.

As far as the full-year projection for 2016, CB Insights estimates that there will be a total of 79 deals made and $94.9 million dollars invested, marking a notable decline from the totals reported in 2015.

The staff byline designates content that has been written by a staff writer of MJINews.

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