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September 26, 2013
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Investors pour $1 million into burgeoning marijuana industry

DENVER — A marijuana industry investment group is pouring more than $1 million into cannabis businesses.

The ArcView Group’s CEO Troy Dayton said deals are still being made after Tuesday’s meeting in Denver.

According to the Denver Post, 22 companies made pitches to ArcView members. Requests range from $100,000 to $24 million.

ArcView, which was founded in 2010, is made up of about 80 investors from across the United States and a handful of other countries. Many of the investors are already involved in the marijuana industry, but Dayton says an increasing number are from outside the industry and looking for new investments.

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The VailDaily Updated Oct 2, 2013 08:25PM Published Sep 27, 2013 04:12PM Copyright 2013 The VailDaily. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.