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Home 🌿 Marijuana Business News 🌿 Not So Fast: Investors Pull Back From Cannabis Startups In 2016 🌿

Not So Fast: Investors Pull Back From Cannabis Startups In 2016

Submitted by Marijuana News on Tue, 01/10/2017 - 08:45

Privateer Holdings led 2016 deals with a $40M convertible note round, followed by Syqe Medical and MedMen.

As more states have loosened or abolished restrictions on cannabis over the past few years, global equity funding to private cannabis-focused startups has skyrocketed, with 2014 and 2015 seeing a surge in investment. However, in 2016, deals and dollars began to level off, with funding coming in slightly below 2015′s level. With 8 states and Washington D.C. approving some form of marijuana legalization late last year, though, Q4’16 did see a big uptick in funding dollars and a slight rebound in deals as well.

The last two years also saw 6 IPOs of companies operating within the cannabis industry, ranging from social networks such as MassRoots to investment firms such as Innovative Industrial Properties (IIP) which invests in real estate geared towards cannabis cultivation operations. IIP was the first cannabis-related company to IPO on the...

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