Data provider Pitchbook put together this simple graph that illustrates very clearly the upward swing in USA cannabis investment.

VC investors have poured $1.6 billion into cannabis startups as of July, up from $1.2 billion for all of last year.

In 2013, that number was only $16 million.

Those watching the market expect that number to increase more year-over-year as the world’s largest VC firms figure out ways to invest in cannabis companies while staying onside of USA federal regulations and their LPs get more comfortable with the industry. 

vc investment cannabis startups chart