Venture capital, as our readers know, is part of what makes the American economy go round, giving startups that don’t have access to capital markets. The payoff for investors, of course, can make it worth the risk. The risk must be well-calculated though. Ghost Group, a Newport Beach, California venture capital firm, has reportedly raised a $1 million fund for companies and technology in the legal cannabis and medical marijuana sector.
The status of marijuana is in somewhat of a national shift, with two states having legalized its recreational use, more states looking into the possibility of medical marijuana, and decriminalization of small amounts of marijuana is becoming more common. Ghost Group is apparently looking to take advantage of the “unrealized potential of this burgeoning sector.”