Is Asia missing out on the cannabis business wave?
With a wave of funding flowing into the cannabis business sector, amidst a growing wave of legalisation worldwide, are Asia-Pacific (APAC) economies and legislators missing out on the economic dividends, due to faulty assumptions on the part of legislators?
In 2014, US investors injected US$104.5 million in capital into the cannabis business (canna-business) space, acquiring stakes in cannabis and cannabis-related companies. According to the findings of New York-based research firm CB Insights,investment into the cannabis space peaked in Q4 2014, growing at a rate of 941.5 percent when contrasted with the previous year.
Image Credit: CB Insights
Since Q1 2013, there’s been a surge in deal volume and investment capital being injected into the cannabis business space. Firms such as Leafline Labs and Aphria, both of which produce, supply and distribute medical marijuana, secured funding of $12.4 million and $6.2 million respectively. Meanwhile, Mediswipe, which deals in compassionate care technology, secured $1.1 million in funding....
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