ELLO Capital says $1 billion has been invested in cannabis companies in 2019
ELLO Capital Director Jacqueline Bennett tells Proactive Investors over the past 5-10 years, venture capital firms have increased investments into cannabis companies to $1 billion in the last year.
Bennett, whose firm has worked closely with cannabis firm Acreage Holdings (OTCMKTS:ACRGF), says VC firms are seeing an increased value in cannabis and are paying attention to cannabis companies that have a strong management team and operate in US states with more relaxed cannabis regulations.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/stocktube/13840/ello-capital-says-1-billion-has-been-invested-in-cannabis-companies-in-2019-13840.html
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