WeedLex
May 29, 2017 12:45 PM

Oregon Cannabis Startups Receive $80 Million Investments

The cannabis industry is flourishing in all states where the substance has become legal. Big corporations are not the only ones that expand their presence in the legal marijuana market; small entrepreneurs and startups also benefit from this developing segment. For instance, weed companies in Oregon can now boast of attracting millions of dollars for the manufacture and distribution of marijuana products and services.

According to Floyd Propanski, an Oregon senator who is also a member of the Oregon Marijuana Regulation Committee, investors have already put tens of millions of dollars into Oregon's cannabis industry. The estimated total amount of investment varies between $60 million and $80 million, and that was only in the last six months.

Propanski is not disclosing any information about where most of the investment money has gone. However, it was mentioned that Phylos Bioscience was one of the recipients.

Many investors are currently focused on ancillary businesses that do not concern cannabis directly since this strategy is less risky and allows keeping safe from prosecution by the federal government. Others are throwing millions behind growers and retailers as the industry continues to expand.

Comments
Canadian Fund Allows Americans to Invest in Marijuana Business
Though the medical marijuana industry is booming in the legal American states, it has still been difficult to invest in the cannabis companies. Fortunately, a Canadian fund that has recently opened on the Toronto Stock Exchange will allow you to do it in the comfort of your home.
Apr 20, 2017 12:25 PM
Oregon to Sell Recreational Extracts and Edibles in June
Starting June 2, Oregon residents and tourists will have the long awaited opportunity to purchase pot-infused products for recreational use. The state will temporarily allow local dispensaries to sell innovative weed edibles, concentrates, and non-psychoactive topicals to cannabis users.
May 20, 2016 8:45 AM
Oregon Issues Licenses for Growing and Selling Recreational Weed
Since April 29, the Oregon Liquor Control Commission has started to issue the first bunch of licenses for growing and selling recreational marijuana to anyone over the age of 21. Oregon is going to fully embrace the weed industry by early next year.
May 19, 2016 9:07 AM