Marijuana Business Factbook 2019

14 Marijuana Business Factbook 2019 Chapter 1 | National Trends © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. The title of the law legalizing medical marijuana in Iowa is the Medical Cannabidiol Act ― implemented by the state’s Office of Medical Cannabidiol ― and limits products to 3% THC. However, because smokable flower is prohibited in Iowa ― patients can purchase only products that include capsules, tinctures and topicals ― the 3% THC limit applies to the final weight of the end product, not the THC content in the plant itself. As a result, a capsule that weighs 600 milligrams can contain up to 20 milligrams of THC ― 3% of the total weight of the capsule. Because Iowa’s regulations may allow patients to purchase full-strength medical marijuana products from licensed and regulated businesses, we’ve adjusted our definition of an MMJ state to better reflect these realities. CHART 1.11: Year-Over-Year Summary Of Global Cannabis Industry Capital Raises Investment in the cannabis industry by institutional investors, private investors and large-scale corporations has increased over time. As more traditional players come into the space, however, they bring with themmore traditional expectations that rely on tangible results. From 2017 to 2018, the number of capital raises through Week 40 of each year increased 60% from 286 to 459, while the average raise doubled, increasing 149% from an average of $6.5 million to $16.2 million. The total capital raised quadrupled from $1.85 billion to $7.46 billion. Following a blockbuster start to the year, the number and size of raises have tempered somewhat in the latter half of 2019, especially relative to 2018. Through Week 40, the number of year-to-date capital raises increased 6% between 2018 and 2019 from 459 to 487. The average amount per raise increased 32% from $16.2 million to $21.3 million. The global cannabis industry has raised upwards of $10.38 billion through Week 40 of 2019, a 40% increase compared to the same period in 2018.