Commodities & markets, Media

California marijuana startups, shut out from banks, turn to private backing

“Funders have reason to be interested. Selling cannabis in California has the potential to generate $5 billion a year, once a critical mass of businesses have proper permits, according to the Agricultural Issues Center at the University of California at Davis. Each harvested acre of cannabis could be worth millions of dollars, based on current prices in Washington, Oregon and Colorado, according to Greg James, the publisher of Marijuana Venture, a monthly business magazine.

For full article, click here: https://lasvegassun.com/news/2017/dec/28/california-marijuana-startups-shut-out-from-banks/

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