The news in recent days has been dominated by the presidential election results. Somewhat unnoticed has been California’s passage of Proposition 64, the Adult Use of Marijuana Act. While this result had been expected for months, if not years, it represents a major shift in influence in the cannabis industry.
The Big Picture
States that have passed legalization are like pilot programs compared to the seismic shift in the market that legalizing marijuana in the sixth largest economy in the world will cause. “There is nothing more powerful than an idea whose time has come. This is marijuana’s moment, “said ArcView CEO Troy Dayton. The ArcView Group was founded in 2010 and is responsible for a number of groundbreaking ventures in the cannabis industry. The ArcView Investor Network includes more than 550 dues-paying accredited investors who have put more than $85 million behind 131 companies.