Why smaller banks take bigger slice of the growing medical marijuana business

The buzz around the cannabis business in 2016 reached an inflection point with medical marijuana companies raising more than $466 million on Canadian capital markets last year.

Two years into Canada’s commercial medical marijuana market, companies have investor attention. Several players raised millions of dollars in multiple rounds of financing. One launched an IPO on the Toronto Stock Exchange. Canada’s biggest marijuana company even hit a billion dollar valuation.

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