Jun 22, 2019

VCs (heart) pot

Data: PitchBook; Chart: Harry Stevens/Axios
Data: PitchBook; Chart: Harry Stevens/Axios

Venture capital is flowing steadily into hemp and cannabis companies, with investor enthusiasm growing as the number of legal markets for marijuana and CBD expands.

Details: Dollar volumes are already at a peak this year, and the number of deals may also set a record before 2019 comes to a close.

  • "It seems that startup opportunities in the cannabis industry are growing at the same pace as the number of unique ways to consume pot, from manufacturing cannabis-infused chocolates to developing a drug discovery platform to distributing marijuana vaporizers," according to PitchBook Data.
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