For the past year, cannabis-related companies raised over $1.3 billion across close to 90 private funding rounds of $500,000 and up, per Crunchbase data.
Per The Wall Street Journal, the AdvisorShares Pure Cannabis ETF , one of the larger funds tracking the sector, is down 22 percent this year even after a poor 2021.
Also, while the past 12 months have been pretty good for private fundraising at cannabis-focused startups, most of that occurred before the new year.