The ArcView Group

The Arcview Group is an investor network founded in 2010 and based in San Francisco, California whose members provide financing to marijuana-based ventures.[1]

History

The Arcview Group was founded in 2010 to bring together business people who are working to build the legal cannabis industry in the United States. The CEO of the network is co-founder Troy Dayton and the president is co-founder Steve DeAngelo,[2][3] who is also the CEO of Harborside Health Center. Other members include Joby Pritzker, Douglas Leighton, Jim Willet, Sam Znaimer, Steve Katz, and Craig Kinzer.[1][4][5][6] In all there are about 550 investors in the network.[7][8] As of November 2016 investors from the network had invested about $86 million into 133 companies.[4][9] The network has also raised $2,200,000 for marijuana activist organizations.[10] Investments into specific companies have included $225,000 into CannaBuild and about $1 million into MassRoots;[11] Auntie Dolores;[12] Oil Slick;[8] and TurboTrimmerz.[13]

Reports

It also serves as a research firm into the legal marijuana industry,[14] which creates industry growth forecasts[15] and covers the transition of the marijuana economy from the underground to a legitimate business.[13] Reports have included forecasting the size of the US marijuana industry growth between 2014 and 2020,[16] and shorter term year over year forecasts nationally and on the state level.[14][17][18]

Meetings

The network holds quarterly forums for its investor members, in addition to weekly Internet seminars.[4] Politicians have attended the conferences as well to gather information about a potential industry,[19] in addition to marijuana entrepreneurs, network members, and venture capitalists.[20]

References

  1. 1 2 MICHELLE GOODMAN (September 1, 2013). "Marijuana entrepreneurs are lining up to cash in: Here's how they hope to profit—and what they stand to lose". Seattle Business Magazine. Retrieved October 27, 2014.
  2. ↑ "The big business of Marijuana, Inc.". Fortune Magazine. March 21, 2013. Retrieved October 27, 2014.
  3. ↑ LEILA BOULTON (July 11, 2013). "Green Shoots". Private Wealth Magazine. Retrieved October 27, 2014.
  4. 1 2 3 Jennifer Oldham (June 24, 2014). "Pot Investors Hear Pitches on Pot Apps at Denver Forum". Bloomberg. Retrieved October 27, 2014.
  5. ↑ "Budding recreational pot industry sparks innovation and investment". PBS. June 16, 2014. Retrieved October 27, 2014.
  6. ↑ Alison Vekshin (January 16, 2014). "Legal Weed Lures Investors to Marijuana Industry". Businessweek.
  7. ↑ John Ingold (September 25, 2013). "Marijuana investors commit more than $1 million after Denver meeting". The Denver Post. Retrieved October 27, 2014.
  8. 1 2 Susie An (September 19, 2014). "Investors gather in Chicago seeking cannabis businesses". WBEZ 91.5. Retrieved October 27, 2014.
  9. ↑ Mark Calvey (August 15, 2014). "Angel investors are high on legal marijuana's opportunities". Denver Business Journal.
  10. ↑ Shea Gunter (July 2, 2014). "Legal cannabis: The next great American industry". Mother Nature Network. Retrieved October 27, 2014.
  11. ↑ Andy Vuong (August 2, 2014). "Marijuana Tech Startup Weekend aims to discover new products for weed". The Denver Post. Retrieved October 27, 2014.
  12. ↑ "Pot Entrepreneurs Seek Funding". Chicago Tribune. Retrieved October 27, 2014.
  13. 1 2 Mat Honan (June 1, 2014). "High Tech: How Silicon Valley entrepreneurs are rushing to cash in on cannabis". Retrieved October 27, 2014.
  14. 1 2 JACK HEALY and KIRK JOHNSON (July 18, 2014). "Next Gold Rush: Legal Marijuana Feeds Entrepreneurs’ Dreams". New York Times. Retrieved October 27, 2014.
  15. ↑ IRIS DORBIAN (February 3, 2014). "Entrepreneurs Seek Profits From Pot They think marijuana could be the Next Big Thing. But it has some unique challenges.". Wall Street Journal. Retrieved October 27, 2014.
  16. ↑ ALICE TRUONG (November 5, 2013). "A BUDDING BUSINESS: THE MARIJUANA MARKET IS EXPECTED TO TOP $10 BILLION BY 2018: A REPORT CALLED THE STATE OF LEGAL MARIJUANA MARKETS ESTIMATES THE U.S. CANNABIS INDUSTRY WILL HIT $1.43 BILLION IN SALES BY THE END OF 2013". Fast Company Magazine. Retrieved October 27, 2014.
  17. ↑ David Pierson (May 8, 2014). "Marijuana boom spawns ancillary businesses". Los Angeles Times. Retrieved October 27, 2014.
  18. ↑ Niraj Chokshi (January 2, 2014). "Marijuana legalization in Colorado reflects a maturing industry". Washington Post. Retrieved October 27, 2014.
  19. ↑ Dina Gusovsky (February 14, 2014). "In about-face, former pot opponents are now investors". CNBC. Retrieved October 27, 2014.
  20. ↑ David Bienenstock (May 22, 2013). "GET RICH OR HIGH TRYING: THE COMING AGE OF CORPORATE CANNABIS". Vice Magazine. Retrieved October 27, 2014.
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