You are here

Home 🌿 Marijuana Business News 🌿 Private equity smells the growth in the cannabis industry 🌿

Private equity smells the growth in the cannabis industry

Submitted by Marijuana News on Fri, 10/23/2015 - 10:37

Private equity is like the concert-goer at a Grateful Dead show years ago:

Suddenly gripped with a curiosity about what that dude a couple seats over is smoking.

"I get phone calls from brand-name PE firms," David Dinenberg, chief executive of Kind Financial, whose firm provides financial services technology to the cannabis industry, said in an interview. "They're curious about the industry."

No wonder. The business of legal marijuana in the four states that allow sales of recreational sales to adults, as well as the 23 states that okay medical marijuana is projected at $3.5 billion in sales this year, according to a study published by ArcView Group, a cannabis industry research group. With sales projected to grow at least 30% a year, and possibly much more, as more states decriminalize the product, that figure is likely to climb to $11 billion by 2019, the research shows. (That data reflects...

READ MORE: 
Bob O'Brien
Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.