Wednesday, July 01, 2015 5:23:33 PM
("Despite the difficulties, an increasing number of investors are doing their due diligence and are willing to entertain the risks associated with legal cannabis. Just last month, the Seattle-based marijuana VC firm Privateer Holdings raised $75 million in a Series B funding round - the largest private investment amount raised in the industry. Privateer Holdings' capitalization may be an indicator of the massive growth to come for the cannabis industry, the results of which may also revolutionize other fringe commercial fields as well (see: LED grow lights, industrial hemp, fuel and energy) . It's important to remember that because of legal prohibition, we still have much to learn about the extent of the benefits of marijuana as a consumer product. Since thorough and extensive cannabis research has been stymied in the past, the plant's potential is untold and the future of the legal cannabis industry may truly be limitless.")
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