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.