Cannabis Industry Matures: Angel Investor Network Launched

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The ArcView Group sees at least a billion dollars in current ancillary business opportunities.

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The ArcView Angel Network will facilitate seed and early stage investment in federally legal enterprises within the medical cannabis industry.

Extraordinary rewards await investors with the courage and vision to be a part of building the new cannabis industry.

Today, on the heels of the release of the first U.S. market data report putting the size of the domestic medical marijuana market at $1.7 billion, The ArcView Group announced the formation of the cannabis industry’s first angel investment network. The ArcView Angel Network will facilitate seed and early stage investment in federally legal enterprises within the medical cannabis industry, and will host the Cannabis Investment Forum Series (CIF), a groundbreaking series of events exclusively for the top ancillary cannabis business entrepreneurs and qualified investors.

“Extraordinary rewards await investors with the courage and vision to be a part of building the new cannabis industry," said ArcView Group President, Stephen DeAngelo, also Executive Director of Harborside Health Center - the nation’s largest model medical cannabis collective. "The ArcView Angel Network will open the door to the most promising business opportunities.

“There are many interested investors and investment-worthy entrepreneurs in the cannabis sector. But so far, that has not resulted in much investment. The lack of market data, industry knowledge and access to opportunities contributed to investor’s perception of unacceptable risk.

The ArcView Angel Network and the See Change Strategy market report address this by simultaneously giving potential investors the information needed to make good investment decisions, and a steady flow of the best investment opportunities,” said ArcView Group CEO, Troy Dayton.

"As I look at all the emerging industries right now, the medical cannabis industry stands out as having much promise. The development of the ArcView Angel Network, the release of quality market data, and the creation of a national industry association are all signs of a maturing industry. I’m looking forward to participating in the ArcView Angel Network to have access to the best pre-vetted opportunities,” said Ken Maeda, a Northern California angel investor.

“As an ancillary business owner in the cannabis industry, I am really excited about the launch of the ArcView Angel Network. As StickyGuide.com seeks investment to expand our medical cannabis directory and review web site, it is crucial that we get in front of qualified investors in a time-efficient manner," said Scott Hinerfeld of StickyGuide.com.

“Angel investment forums have proven key to high tech, bio-tech, green-tech, and social media start-up investment, and are the next logical step in the cannabis industry’s emergence,” said Troy Dayton, ArcView Group CEO.

The See Change Strategy market report estimates 1.3 billion dollars in state-legal medical marijuana retail sales in 2011 with a 5-year market potential of 8.7 billion. Since approximately 60% of a retailer’s costs are for things other than cannabis, that indicates that there is just under a billion dollars worth of opportunity for ancillary businesses serving retailers.

These include everything from software, to advertising, to staffing, to packaging, to insurance, to potency and purity lab testing. These satellite business are simply serving existing retailers. In addition, business opportunities abound to serve patients’ needs (ie. consumption devices) and support for cultivator’s (ie. plant nutrients) and investors (ie. market data).

The ArcView Group is facilitating the emergence of the legal cannabis industry by connecting forward-thinking investors and visionary entrepreneurs. The ArcView Group will choose a date and location of the first Cannabis Investment Forum based on investor and entrepreneur availability.

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