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Legal Weed Lures Investors to Marijuana Industry

Legalization lures investors to the marijuana industry
Customers stand in line at 3D Cannabis Center in Denver on Jan. 1
Customers stand in line at 3D Cannabis Center in Denver on Jan. 1Photograph by Brennan Linsley/AP Photo

Robert Frichtel is chief executive officer of Advanced Cannabis Solutions, a Colorado Springs company that leases indoor spaces for growing pot. On Jan. 23, he and representatives of 11 other marijuana companies will seek funding from as many as 70 investors at a Las Vegas meeting organized by ArcView Group, an investment firm focused on the industry. “Everybody is running toward this as the next entrepreneurial wave—the green rush,” Frichtel says.