“Cannabis is the next great American industry,” says Troy Dayton. As CEO of Arcview Group, Dayton works with over 650 high-net-worth investors who have poured more than $100 million into cannabis-related startups since 2010.
He calls early investors in the burgeoning marijuana industry “pioneers” who are hoping to stake their claims in the Green Rush.
Revenues from the U.S. marijuana industry are expected to mushroom from $6.7 billion in 2016 to over $21 billion by 2021, according to Arcview Group research. Dayton predicts that explosive growth will happen, whether or not President Trump cracks down on legalized marijuana.
“[A crackdown] may impact valuations of some companies, and it may affect who invests in those companies, but states will continue to give out licenses, and there will be a line of people outside those facilities looking to purchase [the product].”
Twenty-nine states and the District of Columbia currently have laws legalizing marijuana in some form.