Marijuana Business Factbook 2019

xviii Marijuana Business Factbook 2019 Executive Summary © 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. 5. INVESTING: SHIFTING INVESTMENTS OF CANNABIS INVESTORS As the cannabis industry continues to develop, the types of investments being made is shifting. As the perceived risk of investing in the cannabis industry recedes, investors are seeing the upside of equity investment and have less interest in making loans. Whether it’s a move away from loan financing to equity investments or an increase in opportunities to invest in managed funds, high-net-worth individuals and family investment offices have shown a sustained and increasing interest in cannabis investment options. CHART: Types Of Investments Made By Cannabis Industry Investors: 2017 Compared To 2019 Note: Multiple-choice question; respondent total may be greater than 100%. Source: 2019 Marijuana Business Factbook © 2019 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Types Of Investments Made By Cannabis Industry Investors: 2017 Compared With 2019 Equity Investments Interest-Bearing Loans Other Private Equity/Managed Fund Public Stock Purchases Purchase Company, Actively Manage Operations 61% 78% 37% 22% 5% 7% 18% 26% 52% 48% 12% 15% Percent Of Investors 2017 2019

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