Marijuana Industry Raises Over $1 Billion In 2016

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Over $1 billion has been raised in the cannabis industry in 2016, according to Viridian Capital Advisors.

The billion dollar line was crossed last week in part with C$40 million ($29.8 million) raised by OrganiGram Holdings, Inc. The deal will allow for the build out and expansion of the company’s cultivation, extract and derivative facilities. In addition, Tetra Bio-Pharma, Inc. received C$1 million in a private placement with Aphria Inc. to initiate clinical trials in PhytoPain Pharma.

This article was originally published in Forbes. Click here to read more.

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