Cannabis investments might have taken a dip since its height in 2021 when it racked up over $12 billion in fundraising, yet there is still brisk activity going on in this space—it’s only become more concentrated in certain states, countries and operators.

A marijuana leaf on top of a hundred dollar bill.
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Cannabis investments might have taken a dip since its height in 2021 when it racked up over $12 billion, yet there is still activity going on…