skip to Main Content
StarGreen Capital Will Invest $100 million Over the Next Year to Support Entrepreneurs in California’s Legal Medical and Recreational Cannabis Industries

PRESS RELEASE

The firm will provide funding, real estate and business development services to cultivators, manufacturers and retailers in the rapid-growth industry

BEVERLY HILLS, Calif. – StarGreen Capital announced today its plans to invest $100 million over the next year in California’s legal medical and recreational cannabis industries. StarGreen will provide capital and business development services to qualified partners representing every segment of the industry from “seed to sale.” Initial areas of focus for investment will include partnering with cultivators, manufacturers and retailers to acquire, develop and lease real estate, expand operations, and build cannabis consumer brands.

The firm’s goal is to help entrepreneurs at every stage of growth capitalize on the generational growth opportunity in California’s legal cannabis industry. According to the market analysis firm AMR, North American consumers spent $6.9 billion on legal cannabis products in 2016, up 30 percent from $5.1 billion in 2015. California accounted for more than 30 percent of the legal cannabis market in 2016 with some analysts projecting greater than 20 percent annual growth through 2021.

“We see tremendous opportunities for growth in the next twelve months,” said StarGreen Capital CEO Paul Daneshrad. “Our focus is to invest $100 million in real estate and joint ventures over the next year to help cannabis entrepreneurs in every segment of the industry capitalize on this generational opportunity.”

Even though the industry is projected to grow aggressively in California and nationwide, cannabis entrepreneurs still face significant obstacles in starting and growing their businesses. These obstacles include a lack of access to capital markets and banking services, challenges identifying suitable real estate for purchase or lease, and a complex and evolving regulatory environment at the state and federal levels.

StarGreen’s goal is to provide California’s cannabis entrepreneurs with the tools they need to overcome these challenges. The firm will provide its partners with ready access to institutional level capital and deep expertise in cannabis business operations, commercial real estate and brand strategy. Each joint venture will deploy a unique mix of business tools to put investment partners on a path to rapid growth.

To learn more about partnership opportunities with StarGreen Capital visit www.stargreencapital.com

####

About StarGreen Capital – We believe California’s emerging legal cannabis industry represents a generational growth opportunity for cultivators, manufacturers and retailers. StarGreen Capital is a catalyst for high potential legal cannabis businesses to achieve rapid growth by providing ready access to capital and industry leading business development expertise.

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Lawmakers want investigation, hearings into ‘Wild West’ of California cannabis and farm work

California lawmakers are calling for a sweeping investigation into corruption in the state’s cannabis industry, legislative hearings on the exploitation of farmworkers and new laws to thwart labor trafficking in…

Medical marijuana gets approval to distribute to residents in Georgia

One resident said that her family has battled for legal access to medical cannabis for years, but to no avail. ATLANTA — The Georgia Access to Medical Cannabis Commission voted…

POSaBIT Buys Suite of Platforms (Leaf Data Systems, MJ Platform and Ample Organics) from Embattled Akerna Corp.

POSaBIT, the cannabis point-of-sale (POS) and payments software company, this morning announced its planned acquisition of  MJ Platform (MJ Freeway), Leaf Data Systems, and Ample Organics from embattled software company…

New York State now has 66 licensed cannabis retailers

New York marijuana regulators on Wednesday approved dozens of conditional adult-use dispensary licenses in a session during which members also discussed adopting bylaws for how the board runs meetings and makes decisions.…

More Categories

Back To Top
×Close search
Search