Chris Roberts - SF Weekly
Celia Watson Seupel - CNBC
Rebecca Hiscott - Mashable
Jack Smith - LA Times
September 29, 2015
A 'Shark Tank' type pitch fest for marijuana businesses opened at the L.A. Hotel Downtown Tuesday, attracting a number of budding local entrepreneurs. The two-day event, hosted by Oakland marijuana investment firm ArcView Group, will give 25 cannabis-related companies the chance to pitch more than 200 high-net-worth investors for funding.
September 22, 2015
The market for legal marijuana sales is also growing — especially with more states expected to vote to legalize the drug in some form in coming years — and it could reach nearly $11 billion in annual revenue by 2019, according to cannabis industry research firm The ArcView Group. As such, celebrities ranging from Nelson and Snoop Dogg to singer Melissa Etheridge and comedian Tommy Chong have embarked on business ventures that look to cash in on the growing industry.
August 31, 2015
Fusion Network's full episode on the ArcView Group!
August 20, 2015
By 2019, the pot sold in all states and districts with legalization is projected to reach nearly $11 billion yearly, according to estimates by ArcView Market Research, an Oakland, California-based pot-focused investor network and market research company.
July 4, 2015
The legal cannabis business is the “fastest-growing new industry around”, says Troy Dayton, the chief executive of ArcView, a network of cannabis investors, predicting sales of $3.5 billion this year (not including related products such as vaping devices), up from $2.7 billion last year and $1.55 billion in 2013. This is not like the early days of the internet, where new consumers have to be convinced to buy; legalisation will simply bring lots of existing cannabis-users into the legal market, says Steve DeAngelo, the co-founder of ArcView—and one of the few attending the meeting who looked like a throwback to pre-legalisation days, though he is clearly also a very sharp businessman.
June 7, 2015
“There is going to be a massive, massive market,' says Troy Dayton, CEO of ArcView...The prospect that the roadblocks will disappear appeals to pioneers, says Dayton. Competition meanwhile is limited. As he puts it, 'The opportunity to be a market leader is wide open.'”
May 7, 2015
Troy Dayton and Steve DeAngelo help USA Today’s audience best understand the market potential for cannabis while also introducing Vapexhale and Sasquatch glass to their readers. "ArcView President Stephen DeAngelo, a pioneer in California's medical cannabis movement, estimates it could grow to $100 billion to $200 billion a year if national prohibition ends."
April 29, 2015
"Unlike some cannabis-related business events that still carry the whiff of the illicit pot culture many entrepreneurs have been trying to escape, Thursday's event was full of suits, business plans and the quickly recited elevator pitches of a typical pitch event."
March 21, 2015
"Canopy says it received more than 115 applications for this first class. It's looking to raise $5 million to fund an expansion into San Francisco next year. The companies it selected for Boulder reflect widespread industry hopes that it can expand beyond the core demographic of young male potheads. "One of our guiding themes from an investment point of view is, we see the strongest potential for market expansion [in] what I would call the everyday consumer." Rea says. "Folks who are parents, folks who are grandparents. We want 35-year-old professional women to be a target demographic for some of our companies."”
April 20, 2015
"Troy Dayton and Stephen DeAngelo know what it takes to get investors and business owners talking marijuana – and shaking hands. As co-founders of the ArcView Group, an investor network and research firm launched in 2010 and based in Oakland, California, CEO Dayton and DeAngelo, the president, help marijuana entrepreneurs find venture capital. On Green Street, knowing how to get high is an asset, not a liability.”
April 15, 2015
"The gold standard these days comes from an investor network called ArcView Group, which pegged legal weed sales in America at $2.4 billion last year.”
March 31, 2015
"“I would just like to ask for your help in making ArcView and the industry not just another old boys’ network,” said Dayton, whose company was a sponsor of the event. “We have an opportunity to build a new kind of industry, and there’s a lot of ways to do that, but it starts with ensuring that the women that are here today feel welcomed and treated as the pioneering businesspeople that they are so that more and more women join this industry and this industry looks like America.””
March 30, 2015
"“2014 was the year where the cannabis industry went from being an interesting cocktail conversation to something any serious business person has given a fleeting thought,” said Troy Dayton, cofounder of The ArcView Group... “This isn’t like the tech boom, social media boom, or organic foods,” Dayton said. “Those industries had to convince people to use the product. Here, the market already exists.””
March 9, 2015
"The wave of pot legalization hasn't just been a boon for growers. A slew of other businesses are jumping on the bandwagon as well.”
March 3, 2015
""There's no stopping [legalization]," she told me. "You're either going to make a million dollars off it, or you're going to sit on your couch eating Cheetos and wondering if you could have."”
February 17, 2015
"Legal marijuana is the fastest-growing industry in the U.S., according to a recent report from industry analysts ArcView Group. Their recent report predicts that over the next five years, 14 more states will legalize recreational marijuana. Along with Vermont, at least nine more states are expected to consider recreational marijuana legalization by 2016.”
February 13, 2015
"Apple’s decision also comes after MassRoots mounted a public campaign looking to convince the company to change its policies on marijuana-themed software. The social network said Friday that thousands of users sent Apple emails asking it to lift the ban on MassRoots. The app’s creators also sent Apple CEO Tim Cook a letter co-signed by the National Cannabis Industry Association as well as by pot-focused investment firm ArcView Group and a few dozen marijuana businesses. The letter suggested that “strong regulations are more effective than prohibitionist policies.””
February 13, 2015
"According to a study from The ArcView Group, an Oakland, California-based cannabis industry investment and research firm, the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, and could someday be bigger than the organic foods market.”
February 12, 2015
"Legal marijuana is one of the fastest-growing industries in the United States. The market grew 74 percent last year to $2.7 billion, up from $1.5 billion in 2013, according data from ArcView, and could be worth between $20 billion and $35 billion within the next five years, by some estimates.”
February 9, 2015
"According to a new report by The ArcView Group, a cannabis industry investment and research firm based in California, legal marijuana sales rocketed 74 percent in 2014 to a new high of $2.7 billion. And with more states legalizing weed — Alaska, Oregon and Washington, DC, voted to join the legal stoners in November — it predicts this growth pace could continue for several more years straight.”
February 9, 2015
"It's possible that Whole Foods could be the Whole Foods of cannabis, said Troy Dayton, CEO of the ArcView Group. When asked on a panel if Whole Foods would ever sell cannabis, Whole Foods CEO John Mackey reportedly said only if the plant were legal to use and the local community approved.”
February 9, 2015
"CanopyBoulder, which launched late last year in partnership with investment hub The ArcView Group, was formed in the image of Techstars: a mentor-driven, couple-month program to advance startups via business development work and seed funding. CanopyBoulder's focus will be on ancillary businesses such as those developing software, technology, nutrients and support services for the industry.”
February 2, 2015
"Although most of nation’s $40 billion marijuana industry is still illicit, the legal part is growing fast. According to ArcView's annual report, “The State of Legal Marijuana Markets,” legal cannabis sales will grow 32 percent in 2015 to $3.5 billion. By 2019, it predicts, sales will triple again.”
January 30, 2015
"Troy Dayton and Steve DeAngelo help USA Today’s audience best understand the market potential for cannabis while also introducing Vapexhale and Sasquatch glass to their readers. "ArcView President Stephen DeAngelo, a pioneer in California's medical cannabis movement, estimates it could grow to $100 billion to $200 billion a year if national prohibition ends."”
January 29, 2015
Forbes was on site with us at our investor forum, last month, in San Francisco. This video features ArcView's CEO Troy Dayton and ArcView's president and the executive director of Harborside Health Center Oakland, Steve DeAngelo. Hear also from investor member Emily Paxhia of Poseidon Asset Management, LLC and company members Dooma Wendschuh of Ebbu, and Isaac Dietrich of MassRoots.
January 29, 2015
"“The industry nationwide is in the midst of what I call a ‘green tsunami,’” Steve DeAngelo told me on the phone. “There is an explosion of real business interest in this sector. It’s inevitable that people who are primarily interested in business are going to get interested in the business of cannabis. Nothing is mainstream in America until it is mainstream commerce.””
January 28, 2015
"Takes a look at ancillary vs non ancillary investments and speaks with Emily Paxhia of Poseidon Asset Management and Frank Marino of MJIC Fund to get a better understanding. “We do a tremendous amount of due diligence, but when it comes to companies that touch the plant, it’s almost eight times that,” Emily Paxhia, founding partner at Poseidon Asset Management, tells Quartz.”
January 27, 2015
"It’s one of the many things that can happen when two of the fastest growing industries in America come together, as is taking place this week in San Francisco, where several dozen entrepreneurs are pitching 200 or so investors, Shark Tank style.”
January 27, 2015
Highlights our keynote speaker, Justin Kan, from Monday. “Cannabis is a $40 billion national market with few players, and “is any investor’s dream,” he said. “There’s this massive opportunity to have first-mover advantage.”
January 26, 2015
"A new report predicts that 18 U.S. states will have legalized recreational marijuana in the next five years, a huge increase from the four states that currently have or are in the process of creating legal markets for pot. The report, set to be released in February from ArcView Market Research, a firm that pairs investors with marijuana-related businesses, was sponsored by marijuana-industry groups and has a prolegalization tone.”
January 26, 2015
Takes a look at the numbers released in the executive summary for ArcView Market Research’s third report and with support from President Obama, the bright future ahead.
January 26, 2015
This video recap follows entrepreneur, Josh Hill of Nectar Leaf around during the investor speed dating. ABC also spends time with Jack Abbot of Intelligent Light Source. "We're what you would call an ancillary industry. And if you go back to the gold rush, people said who made money in the gold rush? It was the guys selling the picks and shovels, not so much the guys selling the gold," explained Jack Abbott.
January 26, 2015
"Researchers from The ArcView Group, a cannabis industry investment and research firm based in Oakland, California, found that the U.S. market for legal cannabis grew 74 percent in 2014 to $2.7 billion, up from $1.5 billion in 2013.”
January 26, 2015
"ArcView Group co-founder Troy Dayton opened the event at 9 a.m. in the Fairmont Hotel’s banquet hall, stating the event represents the convergence of three red-hot trends: tech, investment and legal cannabis at a global epicenter for all tree.”
January 13, 2015
"Oakland’s Stephen DeAngelo, co-founder of angel investment network The ArcView Group, also reports $17 million in deals with 34 companies since 2010. ArcView conducts a members-only Shark Tank-like event called “Arc Tank” at the Fairmont Hotel Jan. 25 – 27. “If you’ve ever considered making a play in this industry, now may be the time to make your move,” Arc View writes.”
January 8, 2015
"Among the several thousand who attended: Filmmaker and talk-show host Ricki Lake, working on a documentary called “Weed the People,” about the potential benefits of cannabis as a cancer treatment; and bootstrapping entrepreneurs such as Jill St. Thomas of Colorado, purveying her “Mad Hatter” line of cannabis-infused coffees, teas and "mocktails," and Gracen Hook of Washington, trolling for investors for what he called the first pot-themed resort with a “five-star restaurant, a spa conducive to cannabis tourism and a 40-room hotel.”
December 31, 2014
"The high-profile investment network ArcView Group has teamed up with the Colorado company CanopyBoulder to offer a 12-week accelerator program to mentor entrepreneurs on how to properly operate a cannabis business. In exchange, CanopyBoulder and ArcView will take a 9.5% ownership stake in each company."
December 26, 2014
"Those supporting the industry face a different kind of payoff than those opening a dispensary or raising crops, ArcView CEO Troy Dayton said. Their reward is more uncertain and takes longer to achieve. But it could prove much larger as more states legalize. "Colorado is one of the key places for innovation in this space, and you will see more and more companies coming out of Colorado on the ancillary side," Dayton predicts."
December 21, 2014
Marijuana CEO of the year, Troy Dayton – Troy is the CEO of ArcView Group, which has been everywhere in the media this last year it seems like. He fought hard for reform for many years, and I’m glad to see him and his company doing well and bridging the gap between entrepreneurs and investors.
December 19, 2014
"Troy Dayton, CEO of Arcview group, says "Mark Twain had a great quote, he said, 'When there’s a gold rush going on, it's a good time to be in the pick and shovel business.' And that’s exactly what’s happening now.""
December 19, 2014
"“It’s a less mature space, and you’ve got some stigma to get over, but I think that the bow has broken on the talent problem — we’re entering into a space where we’re starting to see some more really quality teams going after this,” says Troy Dayton CEO of cannabis investor network ArcView Group.""
December 16, 2014
""The ArcView Group is a venture capital network that deals exclusively in cannabis-related deals. Their investor members meet multiple times a year to evaluate pitches by entrepreneurs with big ideas that need funding. My good friend Troy Dayton started up ArcView years before there were any legal marijuana markets and has become one of the most connected people in the industry. (He's also a panelist on Marijuana Today.) If you are either an investor looking to put your money to work in the legal marijuana industry or a cannabis entrepreneur looking for funding, the ArcView Group needs to be one of your first stops.""
December 4, 2014
""A combination of profit motive and social consciousness is one of the blossoming marijuana industry’s chief characteristics. “This industry is getting birthed [by] people who really care,” says Troy Dayton, president and CEO of the ArcView Investor Network, a group that matches cannabis entrepreneurs with investors. Dayton sees it as combining “the best ideals of activism with the best ideals of business. Hopefully we’re building not just a new industry, but a new kind of industry.”"
November 24, 2014
""Sparc really stands out as a leader in the space," said Keith McCarty, CEO of Eaze. "They exceeded our expectations around quality assurance and the professionalism of their member services.""
November 15, 2014
"The inventiveness of the new entrepreneurs was on full display here at the "shark tank" conference organized by the ArcView Group, a San Francisco firm that helps deep-pocketed investors find promising cannabis startups."
November 12, 2014
"Cannabis Business Executive released their list of the cannabis industry's 100 most influential people. ArcView President Stephen DeAngelo comes in at #4, ArcView CEO Troy Dayton comes in at #13, and ArcView partner company Cannasure's Director Patrick McManamon comes in at #63. Congrats to the 24 other ArcView members or people who have graced ArcView's stage at least once and made this list."
November 11, 2014
CNN interviews ArcView President Stephen DeAngelo on the state of the cannabis industry, policy reform and investing in ArcView start-ups.
November 11, 2014
"It looked like any typical business conference except it was all centered on marijuana. The entrepreneurs were on a speed date of sorts. They have just minutes to convince investors their marijuana business is worth taking a chance on."
November 11, 2014
""If you look around this room you see everything from cannabis cultivators to cannabis retailers, people who are developing extract machinery, people who are developing software platforms, people who are launching hedge funds to invest into the industry," said Stephen DeAngelo, President of ArcView Group"
November 11, 2014
CNN was on site in Las Vegas covering our most recent Investor Forum. Follow the video link above and hear from ArcView's CEO Troy Dayton and company members Auntie Dolores and Meadow!
November 7, 2014
"The event is hosted by the ArcView Investor Network of billionaires and techies."
November 5, 2014
"The legal cannabis industry will quadruple by 2018. It's expected to top 10 billion in the next four years according to the ArcViewGroup."
October 15, 2014
"Troy Dayton brings together hundreds of investors and entrepreneurs annually and calculates that more than $10 million has been invested as a direct result of the ArcView pitch sessions"
October 8, 2014
""It’s like the perfect time to be raising capital, because there’s a lot of eager money out there,” said Troy Dayton, chief executive officer of the ArcView Group, which runs an investment network that has helped generate at least $14 million in investments into 28 companies over the past few years."
September 27, 2014
The ArcView Group was featured heavily in NBC News' coverage on the cannabis industry's first tech start-up event featuring arcview funded companies MassRoots App and CannaBuild.
September 19, 2014
ArcView Investor Member David Friedman discusses Canna Week in Chicago after the ArcView Group's Investor Forum.
September 19, 2014
""It’s just really significant for the whole industry that there’s now a Midwestern state with a legal cannabis industry. And so it’s great for us all to come here and visit and meet all the people who are the applicants,” Dayton said."
September 19, 2014
"Dayton said he started the company because he realized that business was "the most powerful platform for political change.""
September 12, 2014
"Every dollar spent in the legal market is a dollar not going to criminals or cartels"
September 3, 2014
"If you’re an accredited, large-scale investor check out venture-capital groups like the High Times Growth Fund which pairs potential investors with existing businesses,or an investment network like the ArcView Group which hosts Shark Tank–like pitch sessions where they hear from potential entrepreneurs and then connects them with investors."
August 15, 2014
"Cannabis offers a "remarkable investment opportunity," Dayton said in Denver. "You can make a run as a little guy before the bigger players move in. Plus, the industry has rapidly diminishing risk, but high perceived risk.""
August 11, 2014
"We have some tech investors from the Bay Area who are invested in tech startups and now they’re looking at this. We have real estate investors from all around the world, including people who are all accredited investors. These are people who all have a net worth of $1 million."
August 8, 2014
"One of these angel investors, ArcView Group, has valued the legal marijuana US market at $1.53bn, and believes that the number could grow, as legalization becomes a reality in more US states."
August 6, 2014
"Troy Dayton, co-founder and chief executive of the ArcView Group in San Francisco, a network of 250 high-net-worth investors that backs cannabis start-ups, said more than 30 early-stage companies contact it every week.
In the last year, he said, the group sent about $12 million in funding to 14 companies."
August 2, 2014
"ArcView has pumped $225,000 into CannaBuild and nearly $1 million into MassRoots."
July 30, 2014
""Hippies keep being right," Dayton told the group. "They were right about renewable energy. They were right about organic food. And they're right about cannabis.""
July 25, 2014
"Combining hydroponics with Internet of things-style sensors is already big business. “Cannabis is going to be leading agriculture because there’s so much fuss paid to every bit of minutia around the plant,” Dayton says."
July 23, 2014
"This year, the legal marijuana market in the U.S. will be worth over $2.5 billion, according to a 2013 report from Arcview Market Research. ArcView predicts the market could be worth more than $10 billion within five years."
July 18, 2014
"With marijuana now legal for medical use in 23 states and Washington, D.C., and full legalization heading to the ballot in Alaska and Oregon, the size of the noncriminal marijuana industry is expected to grow to about $2.6 billion this year from about $1.5 billion last year, according to estimates by the ArcView Group, a marijuana research and investment firm in San Francisco."
July 16, 2014
"The company researches the finances and reach of the cannabis industry, but its angel investor network is the big draw."
July 8, 2014
""The investors notice that this could be the next great American industry and are looking to make money,” he said. “But they are also looking at this as an impact investment. Many want to see the day when not a single adult is punished for marijuana and they see investing in this industry as a way to make that happen.”"
July 2, 2014
""The challenge is there is a lot of capital looking to be deployed, but in many cases investors are trying to find the right thing to invest in” say's Troy Dayton, ArcView’s chief executive officer"
June 30, 2014
"So while ArcView counts several prominent billionaires among its members, the nametags that investors wore on the tour had only first names and last name initials."
June 27, 2014
""We have 250 high net-worth accredited investors, which places us in the top ten for all angel investment groups, not just cannabis," said Troy Dayton, CEO of The ArcView Group, during his opening presentation on Monday in Denver."
June 23, 2014
"ArcView members have invested $10 million in a dozen companies in the last 16 months, Dayton said. The network’s members include Joby Pritzker, whose family started Hyatt Hotels Corp.; Douglas Leighton, a managing partner at Dutchess Capital in Boston; Sam Znaimer, a general partner at Vancouver-based Ventures West; and Craig Kinzer, chief executive of Seattle-based Kinzer Real Estate Services."
June 19, 2014
"Massive paradigm shifts are when fortunes are made. Generational fortunes. And there has never been a confluence of massive changes happening all at once on a global scale like there is today."
June 17, 2014
"The company is developing a mobile and desktop app that marijuana users can use to ask dispensaries about symptoms and cannabis strains. App users can participate, anonymously if they like, in chat, text or video chat with dispensary workers to find the right kinds of medical marijuana to sell their customers. Customers can use the app to reserve products for pick-up at the store, similar to the way a pharmacy works."
June 16, 2014
PBS News Hour went inside the ArcView Group's cannabis investor network in an 8 minute segment called, “High Hopes” seen by more than 8 million viewers.
June 12, 2014
"A service to help marijuana patients learn about their medicine, CannaBuild, announced $225,000 in seed funding (no pun intended) from investment network ArcView Group on Thursday. "
June 12, 2014
"CannaBuild, a privately held Denver technology startup, has announced a seed fund round of $225K raised from investors through The ArcView Group. CannaBuild looks to enhance the customer experience in cannabis by building the first genuine, online budtending experience."
June 11, 2014
"Fastest-growing industry in America’ employs many, but tax laws and access to banks remain obstacles."
June 9, 2014
"Medicine Man has raised $1.6 million in capital and is expanding its grow facility as part of a dream to develop a national brand in an industry that is barely six months old: recreational marijuana."
May 30, 2014
“"If you are going to play in the public markets or with any of the penny stocks, do a lot of research on these companies." - says ArcView's CEO, Troy Dayton."
May 29, 2014
"ArcView predicts that even under the current regulations, the California cannabis market will reach $1.1 billion in 2014—and that an initiative expected to go before voters in 2016 will make it fully legal that year."
May 29, 2014
"Troy Dayton, CEO of The ArcView Group, which provides angel investments for the cannabis industry, kicked off the summit Thursday morning with a rousing keynote speech about how far the industry has come in recent years and the huge potential for growth in the future."
May 25, 2014
"One marijuana investment firm, ArcView, predicts that within just five years [the cannabis industry] could be worth as much as $10 billion."
May 23, 2014
"Not a single cannabis-related company is bigger than $100 million, not even close. Show me another industry of this size that doesn’t have such a player."
May 16, 2014
"Featuring Troy Dayton of the ArcView group, which hosts angel forums and pitch competitions for cannabis-related business. It's not just pot shops, people, we're talking vaporizers, testing equipment, infrastructure and farming technology."
May 15, 2014
"ArcView is a San Francisco angel investor group for the cannabis industry. Among the investors is Joby Pritzker, scion of the Pritzker family -- one of America's wealthiest."
May 8, 2014
""The reason there's so much opportunity in ancillary businesses is because the industry is being underserved by traditional players," Dayton said. "In part, it's because they fear the reputational risk and they fear the market is too small. But it's growing fast.""
April 21, 2014
"As Robert Frichtel, president and CEO of Advanced Cannabis Solutions told Bloomberg Businessweek in January, “Everybody is running toward this as the next entrepreneurial wave—the green rush.""
April 8, 2014
""It's a small group that have been meeting these past few years," Williams said. "We all know each other very well. We support each other. I prefer investors from ArcView Group because they care about the industry and they are involved.""
March 30, 2014
"A survey by the research arm of ArcView Group, a network of cannabis industry investors to which RODAWG belongs, valued the legal cannabis market at $1.53 billion in 2013, with a projected 68% increase for 2014."
March 26, 2014
"The ArcView Group sees 68% growth in legal cannabis markets in 2014 and is helping investors get in on the ground floor. For more on the high times ahead for the pot industry, BNN talks to Troy Dayton, CEO."
March 22, 2014
""A little more than a year ago, it would have been worthy of a headline if a sitting politician came to talk to a cannabis group," he said. "Now they are calling us, asking to speak at our events.""
March 17, 2014
""The deals that we are considering have come directly from ArcView or someone we met through ArcView," said Jake Schrader [of Articulated Investors]. "ArcView has been instrumental in getting us plugged in to the cannabis industry.""
March 14, 2014
"The ArcView Group, a San Francisco-based investing and market research firm for high-net-worth investors, estimates the national legal market (including recreational and medical marijuana) at $1.53 billion in 2013 and expects it to grow to $2.57 billion by the end of 2014, with marijuana sales in Washington and Colorado pulling in $316 million and $802 million, respectively. ArcView says the national market could reach $10.2 billion in five years."
JOSH MEZHER & GAVIN KOGAN