Legal cannabis companies provide ancillary business solutions, services, and products for the cannabis industry and do not engage directly in the cultivation or sale of the plant and its derivatives. Legal cannabis companies are not subject to the same accounting, banking or legal risks associated with cannabis companies that “touch the plant”. Please visit our HOME page for examples of cannabis ancillary solutions.
Winston-Smith and Hannigan (2015) compared graduates of top accelerators with a set of similar startups that instead raised angel funding from leading angel investment groups. They found that the accelerator graduates were more likely to receive their next round of financing significantly sooner and were more likely to be acquired, than were comparable companies funded instead by top angel investor groups.