Trump Casts Cloud Over Cannabis, But Money Keeps Pouring In
- Marijuana companies raise more than $734 million this year
- After stock surge in 2016, cannabis rally has slowed this year
This article is for subscribers only.
The Trump administration’s adversarial stance toward marijuana has brought jitters to the burgeoning cannabis industry, but money continues to pour in.
Pot-related companies raised more than $734 million between Jan. 1 and April 21, an almost sevenfold increase from $108 million in the same period last year, according to a report from New Frontier Data and Viridian Capital Advisors. That brings the total amount raised to $1.9 billion since the start of 2016.