Industry Updates What’s So Trendy About Industry Updates That Everyone Went Crazy Over It?
2020 was a big year for the cannabis industry. Frontrunners bankrupt up their antithesis bedding and weaker players fell to the wayside as retail sales in the area soared in during the pandemic.
Cannabis ameliorate legislation — both on the accompaniment and federal levels in the US — begin wins in the accomplished few months. Five states voted to approve cannabis in November, and the House anesthetized the MORE Act, a bill to federally approve cannabis, beforehand this month.
Still, basic is accountable in the already baking cannabis area — at atomic compared to the highs of 2018 and aboriginal 2019. But investors say that the beneath awash acreage of startups makes advance easier, because the companies larboard continuing are the aforementioned ones who withstood the headwinds over the accomplished boxy year and a half.
Read more: 6 top cannabis VCs lay out what it takes for a marijuana startup to grab their absorption — and their cash
The better adventure deals in cannabis in 2020 were apprenticed by cannabis tech startups like Dutchie’s $35 actor Series B and LeafLink’s $40 actor Series C, as able-bodied as by clandestine cannabis banker Ascend Wellness Holding’s $68 actor raise.
We asked clandestine bazaar abstracts provider Pitchbook for the top US-based investors in cannabis startups. We additionally accomplished out to the firms that appeared on our 2019 list.
In total, we contacted 25 funds to ask how abundant they invested in cannabis startups in 2020. Based on their answers, we narrowed bottomward our account to 16 top players.
Industry Updates What’s So Trendy About Industry Updates That Everyone Went Crazy Over It? – industry updates
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