Cannabis Watch: Hemp companies are raising capital at a fast clip and cannabis retailers can expect 4/20 sales spike


Hemp companies are raising capital this year at more than 10 times the pace seen last year, according to the latest data from Marijuana Business Daily and Viridian Capital Advisors. The sector has seen almost $137 million in new capital raised in the year so far, equally spread between debt and equity, the data showed. Of that sum, roughly $65 million was debt raised by Mile High Labs earlier in April.

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