Silicon Valley Investors Are Finally Getting Marijuana Religion
- Growing acceptance and legalization make VCs more comfortable
- Tech investors are steering funds to cannabis-related software
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When three Colorado marijuana entrepreneurs made a presentation to 40 Silicon Valley investors last year, it was as though they were discussing something dirty.
“There was an uncomfortable chuckle in the room, kind of like you’re talking about porn,” says Fulton Connor, the Sand Hill Angels Inc. member who arranged the meeting. His fellow venture capitalists just couldn’t get past the fact that marijuana remains prohibited under federal law.