The ArcView Group, a cannabis investment firm ran by SSDP co-founder Troy Dayton and cannabis entrepreneur and activist Steve DeAngelo, has brought in another million dollars+ to the cannabis industry and movement at an event in Denver, in addition to over $20,000 for flood relief, to be donated to the Lyons Community Foundation. The group has held previously successful meetings in Seattle and New York.
“What we saw yesterday was the beginning of building a foundation for the new industry”, says DeAngelo. The group’s objective is to obtain big-time investors interested in investing in new cannabis-related companies – everything from cannabis security firms, to cannabis vending machine companies, to political groups such as the Marijuana Policy Project. Thus far, the group has been wildly successful, bringing in millions of dollars worth of commitments.
The group was formed in 2010, and consists of over 80 investors, with that number growing consistently. Those looking for more information should click here.