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The Wall Street of venture capital has been slow to invest in cannabis but that is clearly changing.
The total of private capital moved into the cannabis business reached almost $2 billion between January 2016 and April 2017...more than $730 million was raised in the first four months of 2017 alone.
- San Francisco-based Founders Fund, co-founded by Peter Thiel, investing in Seattle-based Privateer Holdings, which focuses on marijuana businesses
- Y Combinator investing in Confident Cannabis, a company that creates software for marijuana-testing labs, and Meadow, which provides software for dispensaries and delivery services. Y Combinator helped fund development of Airbnb and Dropbox.
- DCM Ventures, with offices on Sand Hill Road for two decades, investing in San Francisco-based marijuana delivery company Eaze.
- Sand Hill Angels Inc. recently put $200,000 in Tradiv, a wholesale marijuana online marketplace.
Submitted June 09, 2017 at 10:12AM by twoambien http://ift.tt/2rUqM0f
