The long-sought normalization of marijuana laws is becoming a reality among an increasing number of states, spawning a huge multi-billion-dollar industry that's attracting a "green rush" of entrepreneurs, venture capitalists and individual investors.”
With the launch of its first cannabis-centered venture capital fund, First Capital Ventures has an insider’s look at the state of the industry and what’s in store for the future. Keep reading to find out more about the state of cannabis investing today.
First Capital Ventures COO and Managing Director Erin Turoff sat down with Marijuana Business Daily to discuss why now is the time to get into marijuana investing.
The seasoned asset management professional – she co-founded Stamford, CT-based hedge fund Red Ivy Capital – is convinced cannabis is the investment world’s next big thing. Read more about Turoff’s predictions about the industry.
The cannabis industry has transformed from an “interesting curiosity” into a booming market. With 30% annual growth and predictions of $6.7 billion in 2016 and $21.8 billion in 2020 (more than the NFL), it’s the fastest growing industry in the US.
World-class chocolate maker Coda Signature was featured today in a CNN segment on the positive impact cannabis tax revenue has had on the historic small town of Trinidad, Colorado. Highlights of the video include a snapshot of the chocolate production process, a tour of the new facility...
The skilled and experienced Coda Signature team, including a world class Chocolatier and proven business executives from manufacturing, sales, and marketing, announced today the launch of their line of cannabis infused edibles. Similar to how a coda is a defining moment in music, Coda Signature will be a defining presence in the evolution of cannabis.
First Capital Ventures announced today that it has significantly augmented its senior leadership team and execution capabilities with the addition of Chris Franz as EVP & Managing Director. Chris is a seasoned financial manager, an accomplished emerging tech entrepreneur and a prominent leader in the Colorado startup community.
First Capital Ventures (“First Capital”) and its Viridis Fund I (the “Fund”) announced today that it has entered into its first investment term sheet, this for a $2.5 million convertible note with Coda Signature/Altum Investments. One of numerous potential transactions for the Fund, this term sheet represents both the official launch of the Fund and the national rollout commencement for elite chocolatier Coda Signature.
First Capital announced today that it has completed a methodical, strategic evolution, creating a platform from which to best capitalize on the $6.7 billion legal cannabis market - the fastest growing industry in America. First Capital is pleased to introduce Viridis Fund I (the “Fund”), a closed-end private investment fund dedicated to cannabis industry investments.