$770 million windfall: Canadian marijuana companies see surge in new investments

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By Matt Lamers

Canada’s marijuana-related companies collectively raised more than $770 million dollars in the first half of 2017 – a nearly 1,700% increase from a year earlier – as businesses prepare to ramp up production to meet growing demand at home and abroad.

The funding windfall comes as Canadian cannabis companies are preparing to boost supply in response to:

  • The planned start of recreational cannabis sales in Canada next summer.
  • The nation’s booming medical marijuana market.
  • Overseas demand for their products.

The U.S. dollar-based funding total – provided to Marijuana

$770 million windfall: Canadian marijuana companies see surge in new investments is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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