Jan 5, 2018

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.

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Data: Pitchbook; Chart: Andrew Witherspoon / Axios

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Rising home sales show Americans are looking past the coronavirus

Illustration: Aïda Amer/Axios

Americans are behaving very differently than they have in previous recessions — convinced that the coronavirus pandemic will soon pass, many continue to spend money as if nothing has changed.

Driving the news: The latest example of this trend is the Commerce Department's new home sales report, which showed home sales increased in April despite nationwide lockdowns that banned real estate agents in some states from even showing listed houses.

"Close them down": Trump threatens action against social media platforms

Photo: Win McNamee/Getty Images

President Trump threatened to shut down or regulate social media platforms due to anti-conservative bias in a pair of Wednesday tweets — the day after Twitter's first fact-check against the president's claims on its platform.

Reality check: While his claim that social media companies target conservatives isn't new, an Axios analysis last year found that stories about the 2020 presidential election that drove the most engagement online often came from right-wing media outlets.

Inside hackers' pivot to medical espionage

Illustration: Aïda Amer/Axios

A wave of cyber-spying around COVID-19 medical research is once more demonstrating the perils of treating cybersecurity as a separate, walled-off realm.

Driving the news: U.S. officials recently announced an uptick in Chinese-government affiliated hackers targeting medical research and other facilities in the United States for data on a potential COVID-19 cure or effective treatments to combat the virus. Additionally, “more than a dozen countries have redeployed military and intelligence hackers to glean whatever they can about other nations’ virus responses,” reports the New York Times.