Two Investors Announce Plans for $200 Million in Cannabis Investments On Same Day – News

This week, two separate investors independently announced plans to invest $200 million in canna-businesses. On Tuesday, a California real estate firm announced plans to invest $100 million into medical and recreational cannabis over the next year. On the same day, a wealthy Florida attorney and MMJ advocate announced plans to invest $100 million into medical marijuana. The combined $200 million in proposed investments sets a record for the largest amount of cannabis investments disclosed in one day.

StarGreen Capital, a subsidiary of Beverly Hills real estate company StarPoint Properties, announced that it is prepared to invest in a number of marijuana companies in California, starting with cultivators, manufacturers and retailers. “We’re just seeing a much greater, and greener, opportunity in this space and we feel like [the cannabis industry] is a much better place to invest capital,” StarGreen Capital CEO Paul Daneshrad said. The company, which has already invested $15 million in canna-businesses, is also prepared to look into other canna-legal states for investment opportunities.

Orlando-based attorney John Morgan also announced that he was prepared to invest as…