Editor's Note: With a report last week from none other than ArcView Group (whose Investor Forum is mentioned in this article by CBS San Francisco) via Huffington Post finding that the legal marijuana industry is the fastest-growing industry in the country, we can expect more and more stories about investors, venture capitalists and "traditional" businesspeople exploring this market. It's on a growth trajectory that is drawing global attention.
SAN FRANCISCO (KCBS) — The burgeoning cannabis industry is creating quite a buzz, not just among people who like marijuana, but among Bay Area venture capitalists.
Entrepreneurs gathered in San Francisco this week at the ArcView Investor Forum, hearing the latest pitches from cannabis startups, anything from a marijuana delivery app to pot clubs and even an infused edible company.
“A good quality product that still packs the punch,” said Lauren Fraser, president of Auntie Dolores, an Oakland-based edible company.
She is seeking $1.2 million to expand her line of pot pretzels and cookies. And she’s finding it. “People who have come to the ArcView Network are intrigued by how quickly this market is growing and they want to ride that wave,” said Fraser.
