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Smoked: Reg CF Doesn't Work for Marijuana Industry Entrepreneurs

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Submitted by Marijuana News on Mon, 07/11/2016 - 08:11

The budding Marijuana industry has attracted a legion of “ganjapreneurs” seeking the chance to cash in on the US movement to legalize and legitimize Cannabis. ArcView Group, a “hub for investment, data and progress” estimates the industry will drive around $7 billion in revenue during 2016. This number is predicted to jump to over $22 billion by 2020. As more and more states join the movement to legalize, control and tax, a new generation of startups are seeing an opportunity to be part of the first wave to establish profitable marijuana based services.

As with most startups, seed capital is needed to get things going.  The recent changes under the JOBS Act and the various iterations of investment crowdfunding have provided new options for access to capital. The newest security exemption, Reg CF as enacted under Title III of the JOBS Act, may appear to be a natural choice for Cannabis...

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Crowdfund Insider
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