People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country. The interest in cannabis became apparent the moment lockdowns began as long lines formed at dispensaries. Many governments named cannabis dispensaries as essential businesses. Cannabis sales jumped 45 percent. Investors took notice. A clear sign of this came in the recently announced deal involving Dutchie, the Oregon-based e-commerce platform. The company announced it raised $200 million in a funding round that valued Dutchie at $1.7 billion. Investors included NBA star Kevin Durant, former Starbucks CEO Howard Schultz, and DoorDash co-founder Stanley Tang.

420 Intel – Marijuana Industry News, 04/07/2021 20:00:00

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