Investment Interest in Cannabis Industry Reaches All Time High

During the 2020 election, five states voted to legalize recreational use of cannabis. Knowing that the Biden administration has expressed their support for decriminalization, in addition to the passing of the MORE Act in 2019, investors are starting to set their sights on the cannabis industry for future profits. 

“Three of the most important events to drive cannabis growth in 2021 and beyond have occurred. Notable progress on the regulatory front, a catalyst for industry expansion to the East coast,” says Jeffrey Finkle, CEO of Arcview Ventures.

“The passage in New Jersey will likely affect the futures of New York, Pennsylvania, Connecticut, and Maryland.”

The Arcview Group is a vertically integrated investment firm servicing the cannabis industry. Investing avenues in the Arcview ecosystem such as The Arcview Collective Fund, Arcview Capital, and Arcview Investor Network are firing on all cylinders.

Senate Majority Leader Chuck Schumer and two other democratic senators said recently that they will push to pass sweeping legislation that would end the federal prohibition on cannabis, in 2021. That reform also would provide so-called restorative justice for people who have been convicted of pot-related crimes, the senators said in a joint statement.

“Recent big wins of some key companies such as Weedmaps and Leaflink, companies that Arcview Group’s members invested in during their early funding rounds, has sparked a new wave of excitement around cannabis investing,” comments Kim Kovacs, CEO of The Arcview Group.

“All of this is happening now and we have over $600 million in capital being raised across 170 companies on our platforms. Becoming an early investor today or this week is one of the smartest moves one should make.”

Cannabis stocks hit a low earlier this month, which some experts say makes now a good time to invest. Some suspect that certain cannabis stocks such as Sundial Growers (SNDL) have become swept up in the same Reddit-driven stock surge seen with GameStop (GME).

To learn more about investing in the cannabis industry via the Arcview group, click here.