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Capital for buying, upgrading legal marijuana business property increases

Posted by   /  May 3, 2017  /  No Comments

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Most of the money goes to buying or upgrading indoor and outdoor farms and stores, survey says

By Peter Grant | The Wall Street Journal

More capital is flowing into the purchasing and upgrade of property tied to fledgling marijuana businesses in states where it has been legalized, according to statistics from Viridian Capital Advisors, an investment bank that specializes in the pot trade.

Last year businesses that focused on growing or dispensing marijuana raised about $475 million, according to the Viridian Cannabis Deal Tracker. This year the figure has already hit $225 million, the firm said.

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  • Published: 3 months ago on May 3, 2017
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  • Last Modified: May 3, 2017 @ 12:49 pm
  • Filed Under: Marijuana

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