At a press conference held last Monday in Seattle, ArcView Investor Network disclosed to attendees a number of its initial external angel investments in the newly legalized marijuana industry. An estimated of fifty big private investors listened to offers from over a dozen companies. Only five companies were able to obtain a US$1 million commitment at day's end.
Movements to pass additional laws on legalizing marijuana received US$100,000 funding from political and educational donations. The five companies that were able to receive a US$1 million commitment are Apeks, Canna Security America, Rodwag, Uptoke and WeCanna.
"Angel investors have always led the way for the investment community. It was angel investors who brought us everything from automobiles and airplanes to personal computers," disclosed by ArcView co-founder and investor Steve DeAngelo. He also added, "Today a new generation of angels-cannabis angels-stood up to make their own contributions to improving modern American life."
One of the investors, Thomas Dunker an ArcView member and Real Estate Investor commented, "I decided to invest in both companies and political efforts. I think now is the time for those who believe in freedom and American enterprise to step up to the plate and make history."
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