Jacob Redmond
Well-Known Member
Big marijuana money is in the D.C. area this week.
As part of a number of marijuana-related events in town this week, business investor network ArcView Group has brought approximately 200 high-net-worth cannabis investors for a "Shark Tank"-style pitch fest starting Thursday.
In all, 15 companies were selected to make their case for funding at the the Investor Pitch Forum in Alexandria before the ArcView network, which has funded 53 companies and invested more than $40 million.
It's among a growing number of marijuana-related business events that have begun cropping up in the region since limited use of cannabis became legal in the District. In February, the ComfyTree Cannabis Academy, Expo and Career Fair attracted several hundred people to learn about what's been dubbed the "Green Rush."
This week's events highlight just how much investment interest has shifted toward cannabis-related business opportunities, said Troy Dayton, co-founder and CEO of ArcView.
A report from the group estimates the U.S. legal marijuana market grew from $1.5 billion in 2013 to $2.7 billion in 2014. They estimate the industry could increase to $10 billion in sales by 2018.
"People are really starting to see this as the next great American industry," Dayton said.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Marijuana entrepreneurs to vie for investor dollars in 'Shark Tank'-style event this week - Washington Business Journal
Author: Web Staff
Contact: Contact Us - The Business Journals
Photo Credit: None Found
Website: Business News - The Business Journals
As part of a number of marijuana-related events in town this week, business investor network ArcView Group has brought approximately 200 high-net-worth cannabis investors for a "Shark Tank"-style pitch fest starting Thursday.
In all, 15 companies were selected to make their case for funding at the the Investor Pitch Forum in Alexandria before the ArcView network, which has funded 53 companies and invested more than $40 million.
It's among a growing number of marijuana-related business events that have begun cropping up in the region since limited use of cannabis became legal in the District. In February, the ComfyTree Cannabis Academy, Expo and Career Fair attracted several hundred people to learn about what's been dubbed the "Green Rush."
This week's events highlight just how much investment interest has shifted toward cannabis-related business opportunities, said Troy Dayton, co-founder and CEO of ArcView.
A report from the group estimates the U.S. legal marijuana market grew from $1.5 billion in 2013 to $2.7 billion in 2014. They estimate the industry could increase to $10 billion in sales by 2018.
"People are really starting to see this as the next great American industry," Dayton said.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Marijuana entrepreneurs to vie for investor dollars in 'Shark Tank'-style event this week - Washington Business Journal
Author: Web Staff
Contact: Contact Us - The Business Journals
Photo Credit: None Found
Website: Business News - The Business Journals
