A recent report published on Inc.com estimates that business investments in the cannabis industry have increased 941.5% in recent years, particularly in 2014. Experts predict that those numbers will only continue to grow this year, and that the industry will have spent close to $2 billion within the next 18-24 months as more medical and recreational markets come online.
Privateer Holdings — the private equity company behind Leafly, Tilray, and the Marley Natural brand — received by far the most investments, with $75 million raised. Recently, Privateer Holdings made international headlines as Founders Fund, one of the top venture capital investment firms from Silicon Valley, announced an investment of millions in the current industry leader.
Other noteworthy investments will go to PharmaCann, a Chicago-based group who raised $20 million towards their marijuana cultivation centers, and Leafline Labs, one of Minnesota’s only licensed medical marijuana producers, who successfully raised $12.4 million.
Photo Credit: Ken Teegardin
Get daily cannabis business news updates. Subscribe