Cannabis

Chris Leavy told Agri Investor that his previous career experience identifying “undervalued assets in inefficient markets” was motivation for having recently joined MedMen as co-chairman and partner. In fact, it pulled him out of retirement.

Asher Troppe, CEO of Tress Capital, a strategic private equity firm investing in the cannabis sector, spoke to Agri Investor about his firm’s investment strategy as major changes sweep through the sector and create opportunities.

Private investors are becoming less concerned about the complicated stigma surrounding marijuana, recognizing viable – and legal – pathways into the market through existing and emerging funds.

Investments include $4m into the new Bud and Bloom marijuana dispensary in Santa Ana, California.

The AP Investment Fund, focused on real estate investments and lending into the cannabis market, has announced its $12.6m close.

The cannabis industry could grow into a $50bn industry as more US states legalize its recreational use and investors let go of its stigma.

Hemp-focused private equity firm General Hemp is a cornerstore investor in Medical Marijuana, which plans to use the funding for clinical trials and expansion into Latin America.

A Canadian court ruling makes it legal for medical users to grow their own marijuana, while Australia's parliament takes steps towards the creation of a legal medical market.

A prospectus from ArcView and New Frontier predicts slower market growth, but major legislative victories in 2016.

The company, which only formed eight months ago, has received investment from cannabis VC firm Phyto Partners.