Cannabis

The firm said it is focused on building internationally recognised cannabis brands.

The company has recorded year-on-year growth of 900 percent and says it will prepare to expand in the US and even Europe.

The launch comes alongside a fundraising round for an undisclosed amount.

The funding will be used to expand and develop the cannabis packaging product line at FunkSac.

The fund's manager sees an opportunity in the 'Bloomberg' of the cannabis industry.

BioTrackTHC, producer of cannabis inventory tracking and reporting software, is the first addition to the portfolio of Greenfield Capital Partners, a fund focused on legal cannabis infrastructure and technology.

Details about the previously mooted cannabis VC fund from US rapper Snoop Dogg have been revealed in SEC filings.

4Front Capital has completed its first round of capital raising to make strategic investments in the production and distribution of cannabis in various states in the US, leveraging off its consultancy business.

CannaVest, a manufacturer and distributor of hemp derivatives, closed a $6.5m financing with an undisclosed institutional investor.

Legal cannabis is a $1bn market in Las Vegas alone and is a less risky investment than the internet in the 1990s, Leslie Bocskor, managing partner at Electrum Partners tells Agri Investor.