During the 2013 and 2014 fiscal years investments in the legal US marijuana industry (medical and recreational) hit nearly $105 million.
A financial insights company recorded that there were 60 major investment deals involving marijuana-related companies. The largest deal was $75 million raised by a private equity firm based in Seattle. Next was a $20 million investment deal with a company that owns cultivation sites in the Midwest, then $12.4 million in funding for a company that was granted a license to grow and distribute marijuana in Minnesota.
An up-and-coming marijuana industry stock is Northsight Capital, Inc. (OTCBB: NCAP) which owns and operates multiple online marijuana industry business and is based out of Arizona. Two of their biggest sites include 420careers.com, a leading marijuana industry job board, and WeedDepot.com, a new marijuana map directory for legal dispensaries, doctors, head/vape shops, delivery services and more. Northsight Capital, Inc. also owns and is developing other marijuana-related sites, all of which will work together to form a vast advertising platform.
It has been predicted that the legal US marijuana industry will expand to over a $10 billion industry by 2018. With recent recreational marijuana laws passing in multiple states, and other states expected to follow next year, the industry will likely exceed $10 billion by 2018.