For most industries, we tally up investments based on calendar year or quarter. But the cannabis space warrants something different.
As the calendar marks another 4/20, the quirkily derived date that’s become a cultural touchstone for marijuana fans to celebrate their favored substance, we thought it’d be timely to take a quick peek at Crunchbase funding data for the cannabis space.
And, to misquote the Grateful Dead, what a long, strange, venture capital-heavy trip it’s been.
For the past year, cannabis-related companies raised over $1.3 billion across close to 90 private funding rounds of $500,000 and up, per Crunchbase data. By comparison, in the prior year-ago period, investors put $989 million into 98 such rounds.
To Read The Rest Of This Article By Joanna Glasner on Crunchbase News
Published: April 20, 2022
Founder & Interim Editor of L.A. Cannabis News