Venture capital is upping its tolerance for cannabis investments.
At DCM’s CannTech conference in San Francisco on Tuesday, Casa Verde Capital Manager Partner Karan Wadhera spoke about the hurdles facing venture firms that want to invest in cannabis startups but have partners that are not yet comfortable wading into the murky legal waters.
“Every major firm in San Francisco has looked at the space,” Wadhera told conference attendees Tuesday. “Everyone here has gotten time with some of the top firms in the city. Some [firms] are ready and some are coming in steps.”