Published November 5, 2019 | By Maggie Cowee
Cannabis industry capital investment in 2019 hit $10.4 billion through Week 40 – a 40% increase over 2018 – but the previously hot investment activity has cooled in recent months and is now running at what one analyst called a more “normal” pace of growth.
This comparison of public and private capital investments from 2017 to 2019 – along with other new marijuana industry data and analysis – is available in the November update to the 2019 Marijuana Business Factbook.
While total capital raised is up 460% ($8.5 billion) from 2017 to 2019, recent activity has slowed: The total capital raised from 2018 to 2019 increased by only 40% ($2.9 billion).
By comparison, capital raises through Week 40 were up 300% ($5.6 billion) from 2017 to 2018.
During September 2019, the number of raises was up over the same month in 2018, but the average size and total capital raised were down year-over-year.
The slowed investment comes along with recent layoffs across various sectors of the cannabis industry
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