Economics
Legal Weed Lures Investors to Marijuana Industry
Legalization lures investors to the marijuana industry
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Robert Frichtel is chief executive officer of Advanced Cannabis Solutions, a Colorado Springs company that leases indoor spaces for growing pot. On Jan. 23, he and representatives of 11 other marijuana companies will seek funding from as many as 70 investors at a Las Vegas meeting organized by ArcView Group, an investment firm focused on the industry. “Everybody is running toward this as the next entrepreneurial wave—the green rush,” Frichtel says.