Venture Capital

How Marijuana Startups Raised Millions in Venture Capital

Read more at www.businessinsider.com

  • Cannabis startups have raised millions over the past few years.
  • Some companies focus on tech while others sell vapes or edibles.
  • Here are 13 presentations that companies have used to win funding from investors.

Legal cannabis is booming, and a wave of startups have raised millions from venture capital firms to tackle different parts of the industry.

Cannabis could become a $100 billion industry in the US alone by the end of the decade, disrupting industries from alcohol to Big Pharma.

But because of hurdles to investing in cannabis — namely, cannabis isn’t yet legal federally — the competition is steep among startup founders to win the attention, and dollars, of top investors. 

Insider has published over a dozen of the pitch decks these founders used to win over investors.

We’ve compiled them all below. Check it out: 

Cannabis tech is on a tear

Startups like Fyllo and Dutchie that provide software or tech services to cannabis companies offer a bright spot to investors who want to get involved in the space but can’t bet on companies that grow and sell marijuana.

Most mainstream venture firms are barred from investing directly in cannabis companies, since THC, the chief psychoactive compound of the plant, is illegal at the federal level in the US. Last summer, VCs poured $57 million into cannabis tech companies.

Read more:

The cannabis-tech startup Fyllo used this pitch deck to land $26 million. Here’s an inside look at how it’s using AI to shape the future of cannabis retail.

We got an exclusive look at the presentation a cannabis-tech startup used to raise $3.1 million by convincing investors its software can help farmers grow better pot

Cannabis startup Dutchie raised $35 million from Josh Kushner’s Thrive Capital and Starbucks founder Howard Schultz. Here’s an exclusive look at the pitch deck it used to close the round.

See the 13-slide presentation that a Facebook engineer and a Wall Street analyst used to convince investors to bet on a new kind of software tool for the cannabis industry

Distribution is essential, and investors want in

Companies that specialize in getting products from one place to another are essential cogs in the marijuana ecosystem, especially since there are strict regulations around who can transport cannabis and where they can sell it.

Companies like Nabis work with brands and cultivators to deliver flowers, edibles, and other products to dispensaries, who then sell directly to consumers.

And then there are the retail delivery companies — like Eaze — that set up ways for customers to have products shipped directly to their homes. Once hailed as the “Uber of weed,” Eaze vastly scaled back ambitions in 2020, as evidenced by its pitch deck.

Read more:

Former engineers from Microsoft and Facebook just raised $23 million to dominate a crucial but overlooked piece of the biggest US cannabis market

We got a look at Eaze’s 2020 pitch deck, which shows vastly scaled back ambitions as the once-soaring cannabis startup shifts to a new strategy

Cannabis isn’t just about flower anymore. Companies are targeting edibles, drinks, and vapes.

Welcome to cannabis consumption in 2021: It’s not your dad’s old joints anymore. Startups have raised millions to tackle novel form factors of cannabis consumption, from THC and CBD-infused seltzers to luxury macarons to medical-grade vaporizers.

Read more: 

A VC firm led by a Net-A-Porter cofounder just made a big bet on cannabis beverages. Here’s an exclusive look at the pitch deck that helped Cann raise $5 million.

We got an exclusive look at the pitch deck luxury-edibles startup Hervé used to raise $3 million in a bid to become the ‘Dom Perignon’ of cannabis

Respira raised over $2 million to disrupt the embattled vape industry with a heat-free vaporizer. Here’s the pitch deck that made it happen.

CBD companies are raising cash to fight for a piece of the $20 billion market

CBD, or cannabidiol, is one of the most popular compounds found in the cannabis plant. It doesn’t get you high, and it’s legal.

Since the passage of the 2018 Farm Bill, CBD has shown up on store shelves from bakeries to Sephora.

Despite the murky status of CBD, a wave of startups has raised millions to capitalize on consumer interest in the trendy cannabis compound. 

Read more: 

A hot CBD startup just raised a fresh $50 million — and the CEO said the company is eyeing an IPO as early as next year

Here’s the 14-slide pitch deck that cannabis startup Sanity Group used to raise $29 million from some of Europe’s top VCs and celebrity investors like Scooter Braun, Alyssa Milano, and Will.i.am

We got an exclusive look at the presentation that wellness startup B Great is using to raise $2.5 million to chase down the $2 billion CBD market

Read more at www.businessinsider.com

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