Cannabis Capital influx in funding deals.

With the slight settlement and a sense of normality after suffering for months on end due to the pandemic, investors are now making their way back to capital markets, as a result of which, Cannabis companies are seeing an influx in funding deals.

Recently, after a slow start of the year due to COVID, investors are seen to take interest in U.S. based cannabis companies, which have been functioning throughout, in many States due to being classified as ‘essential business’. As a result of this cannabis businesses are minting money and talking in millions.

However, things were looking grim for marijuana companies late last year as they were struggling to show any profit. The tables turned for them in August this year, with amount risen three times more than in July and debt non-existent. The trend is expected to continue as more investors flock towards funding Marijuana companies. 99% of the 2.6 Billion Dollars raised in early 2020 went to North-American Marijuana companies.

One of the main reasons why there is such a major turn around in their business and how they’ve been able to attract investors is because they have developed a more disciplined and systematic way of controlling the way money is spent and expenditures are calculated and rationalized along with cutting costs.

There were quite a few large-scale marijuana funding deals over the past few months one of which was by an online cannabis retailer, Dutchie who raised $35 million from investors including Snoop Dogg and Kevin Durant.

I’m looking forward to the markets myself and what 2021, 2022 will bring within the cryptocurrency, cannabis, and currency markets because they all have a hand within one another.

by: Nailah L. Wright Follow me on Twitter or Instagram. Check out my website.