Inc. Magazine Calls 2015 ‘The Year VCs Discovered Marijuana’


Ryan Allway

March 28th, 2016

News, Top News


Legal marijuana startups raised more than $200 million from investors last year, which is more than twice the money raised in 2014, according to a recent Inc. article. Venture capitalists invested more than $215 million in nearly 100 deals over the course of the year, compared to just over 60 deals worth under $100 million in 2014. The largest investment in 2015 was Privateer Holdings’ $75 million round led by Peter Thiel’s Founders Fund.

Marijuana remains illegal under federal laws, but several states have legalized medical and recreational marijuana, including Alaska, Colorado, Oregon, and Washington State. Companies operating in these markets are on track to generate more than $6 billion in revenue this year and are expected to make over $20 billion in sales by 2020, according to a report by New Frontier and the ArcView Group, which are both focused on the industry.

Amongst some of the public companies in the industry is DigiPath Inc. (OTCQB: DIGP), which is focused on the state-mandated testing segment of the cannabis industry. GreenWave Advisors called the cannabis testing industry “one of the most attractive subsets” of the wider market and anticipates the segment to generate close to a billion dollars of revenue by 2020. Testing providers could also realize high gross margins from add-on analytics and consulting services.

The company’s inaugural testing lab recently opened in Las Vegas, which is well positioned to benefit from potential recreational legalization in 2016. As one of only a handful of approved labs in the state, the company has already started to generate tangible revenue.

CFN Media recently spoke with DigiPath CEO Todd Denkin, who outlined the company’s potential within the burgeoning industry.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.



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About CFN Media

CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.

CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.

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