Fund-raising in Cannabis, Initially Slow, Is Going Higher and Higher
This year, 2016, is shaping up to be a milestone for the cannabis industry, with its legal branches (both medical and recreational) continuing to show growing demand and increased revenues.
Just last year alone, market estimates for legal cannabis sales, including both medical and recreational (adult use only), were pegged at $4.4 billion. For 2016, estimates, according to the Ackrell Capital U.S. Canabis Investment Report 2016, show a 30 percent increase, to $5.7 billion, as the industry matures and new markets like Oregon open up.
Another growth indicator bears mentioning: With this year's election, we’ll see a number of prominent states, such as California and Nevada, voting for complete legalization, and other large states like Florida voting to enact medical laws.
Despite all this market potential, however, the cannabis industry is not without its difficulties, and fund-raising is one of them. Certainly, there has been a significant positive trend of...
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