Legal cannabis gained a higher profile recently, after Seattle pot-investment firm Privateer Holdings closed a $75 million funding round. The deal included the first mainstream venture capital involvement in the sector, from Peter Thiel’s Founders Fund.
But there’s plenty of other VC interest in legal weed, and it’s likely just the beginning of investor interest in “potpreneurs.” Quite a few legal-pot startups are publicly traded penny stocks, so everyman investors can get a piece of the action, too.
At first, many VC investors wanted to remain anonymous with their pot investing, but now more are coming out of the shadows and publicly announcing their interest in the sector.
To give you an idea of the types of marijuana startups that are attracting venture capital, here are a dozen other cannabis startups that have raised over $1 million to date (data compiled by this reporter from CB Insights, the MoneyTree Report by PricewaterhouseCoopers (PwC), Crunchbase, and company research): [Read More at Forbes]