Investor interest in legalised cannabis is growing, as evinced by a sell-out convention in San Jose, California that brought together Silicon valley venture capital firms and proponents of legalising the drug. With expectations high that cannabis will be fully legalised in the near future, its potential investment opportunities are being characterised as the next dotcom boom. “I've been doing this since 2010 and I've seen a lot of tyre kickers,” said Jonathan Littrell, managing director of cannabis investment company MedMen, which organised the convention. “But we're seeing much bigger checks over the last six months.”
Investor interest in legalised cannabis is growing, as evinced by a sell-out convention in San Jose, California that brought together Silicon Valley venture capital firms and proponents of legalising the drug. With expectations high that cannabis will be fully legalised in the near future, its potential investment opportunities are being characterised as the next dotcom boom. “I've been doing this since 2010 and I've seen a lot of tyre kickers,” said Jonathan Littrell, managing director of cannabis investment company MedMen, which organised the convention. “But we're seeing much bigger checks over the last six months.”