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1/13/15 Cannabis Industry Investments Rocket 942%

Talk about a growth spurt.

In the 2013 and 2014 fiscal years, investments in the North American cannabis industry hit $104.5 million, according to Inc.com, which based its report on research from CB Insights.

Much of that growth came last year, when investments rose 941.5%, according to the piece.

CB Insights recorded 60 investment deals involving cannabis-related companies, the biggest of which was $75 million raised by private equity firm Privateer Holdings.

After that came a $20 million investment deal in Chicago-based PharmaCann, which operates cultivation sites, and then $12.4 million in funding for Leafline Labs in Minnesota, which is one of two companies granted business licenses in that state to grow and distribute MMJ.

FundingEBookV4 Report: Cannabis Industry Investments Rocket 942%Most of the investments involved companies in Canada or midwestern states that aren’t exactly epicenters of the cannabis industry. Only a handful of the deals that CB Insights examined were tied to businesses in California or Colorado, where the groundbreaking marijuana trade is flourishing.

Steve DeAngelo, one of the co-founders of Harborside Health Center in Oakland, California, told Inc.com there is a “phenomenal amount of investment interest” in the cannabis industry these days.

“Today, investment is not really a problem. If you have a good team and a good idea, you’re in a good position,” DeAngelo said.



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