Marijuana startups raised a record amount of cash in 2017

American cannabis startups raised a record amount of venture capital last year, with 69 companies snaring nearly $274 million, according to PitchBook.

Why it matters: Many VCs are betting that marijuana legalization is on an expansionary path, but Attorney General Jeff Sessions yesterday reversed an Obama-era policy that had allowed states to legalize without much federal government interference.

Data: Pitchbook; Chart: Andrew Witherspoon / Axios