Cannabis Industry Raised 1 Billion Last Year Has Peaked

Here’s the lowdown on how well the cannabis industry is doing alongside how well it used to be doing.

How That $1 Billion Breaks Down

The report, from Veridian Capital Advisors, tracked 304 capital raises across 2016, totaling $1.09 billion. Here’s the summary: Naturally, large chunks of that total amount came from the largest deals, which throw off the average. Companies in North America raised the bulk of the capital, including many in Canada, where medical marijuana is legal nationally and Prime Minister Justin Trudeau has made national legalization of recreational marijuana a goal of his administration.”

Why Cannabis Already Peaked

So who’s saying that the cannabis industry is raising less? Those looking farther back at the data from prior to 2016. The industry already peaked back at the end of 2015, according to analysis from Geek Time: So, despite fundraising holding fairly strong across 2016, it’s still down overall since the year before, setting 2017 up to deliver on one of Tech.Co’s predictions for the tech world in 2017: Cannabis startups will begin stabilizing into a clear pecking order. Image: Wikimedia