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Home 🌿 Marijuana Business News 🌿 High Times: Cannabis Startups See A New Deal Record In 2015 🌿

High Times: Cannabis Startups See A New Deal Record In 2015

Submitted by Marijuana News on Wed, 03/02/2016 - 16:32

Momentum is picking up for cannabis-focused startups, which are seeing all-time highs in deal numbers as the space continues to mature.

Despite being an industry in regulatory flux, investors continue to ramp up their activity in the legal cannabis industry. Q4’15 was a record for deals to startups in the space, with nearly 30 in the quarter. This is up from just 2 deals in the same quarter just two years ago. Funding also passed $65M, the second-highest funding quarter since the peak of $94M in Q1’15, which included the giant $75M financing into Privateer Holdings, which is a private equity firm focused on legal cannabis.

Q4’15 also saw several large financings, including medical marijuana provider PharmaCannis and cannabis sales-tracking software MJ Freeway.

While early financing into the space was focused more on the operations and product, we’re starting to see funding in some of the other parts of the infrastructure,...

READ MORE: 
https://www.cbinsights.com/blog/cannabis-funding-2015
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