Who's funding the US cannabis industry?
It can cost more than $1m to start a cannabis business in the US, according to the Marijuana Business Association
BBC News (UK)
Thursday, June 23, 2016
Thursday, June 23, 2016
Funding is one of the biggest challenges for the cannabis industry, which still exists in a legal grey area. Cannabis has been legalised for medical or recreational purposes in 25 states, but remains illegal on the national level. For most companies raising money to start a business is one of the biggest hurdles. Despite the $5bn in legal sales in 2015 and the millions of investments, funding can't keep up with demand. Institutional investors such as pension funds are barred either by law or policy from investing in federally illegal industries. Big corporations have been waiting to see how local and state laws shake out. (See also: The motivation driving America’s new wave of cannabis entrepreneurs)
