CryptoCann™ Report: VC investments into blockchain start-ups jump 280%; Arizona dispensary to open full-service kitchen

Blockchain research group Diar found that start-ups have raised nearly $3.9 billion through VC investments so far this year

Pizza with marijuana leaves on top
Mint Dispensary’s kitchen will serve up cannabis food products, including pizza and gelato

The Crypto Report

Regulatory concerns have the cryptoverse steering clear of initial coin offerings, opening up the space to venture capital investments.

Blockchain research group Diar noted that regulation and problems with ICO projects have led to a decline in ICO fundraising.

READ: Coinbase exchange shakes up rules as it looks to boost cryptocurrency listings

"Non-equity ICOs are not only scrutinized by the regulators but the founders also have very misaligned incentives as there is no contractual obligation to deliver a product – a reality that to date seems to be the case with few launches, and even less adoption,” said the report.

As crypto companies look for alternatives, VC investments in blockchain and cryptocurrency start-ups have more than quadrupled this year.

A report from blockchain research group Diar found that start-ups have raised nearly $3.9 billion through VC investments in the first three quarters of the year, a 280% jump compared with 2017.

If venture capitalists are wondering where the next big blockchain start-up is going to pop up, they may want to browse through CoinDesk’s list of the top 10 blockchain universities.

The cryptocurrency news site compiled a list of top blockchain universities in the US, determining the ranking based on the number of blockchain-related courses, the number of blockchain organizations on campus, and the school’s access to the blockchain technology industry.

Stanford University topped the list, touting its high-profile professors, including economist Susan Athey and Coinbase CTO Balaji Srinivasan, and its five-year blockchain research project funded by the Ethereum Foundation.

Other notable schools on the list include UC Berkeley, New York University, Massachusetts Institute of Technology and Cornell University.

The Cann Report

Happy #Croptober!

The hashtag is trending on social media as the cannabis harvest season gets underway, starting in late September and lasting through early November.

READ: Cannabis frenzy whipsaws shares of New Age Beverages and DAVIDs TEA despite skimpy news

The US legal cannabis market is expected to reach $25 billion by 2025, growing at a compound annual growth rate of 14.7%, according to research from New Frontier data.

"Across the globe, we have seen massive expansion as more than 50 countries are legalizing or decriminalizing cannabis. However, the United States continues to lead the way in cannabis consumption in legal medical and adult use markets,” said New Frontier CEO Giadha Aguirre De Carcer in a press release.

As the market continues to expand, dispensaries are coming up with new and innovative ways to capture the market.

Mint Dispensary in Arizona will become the first marijuana dispensary in the United States to offer a full-service kitchen, according to a Civilized report.

The kitchen will whip up made-to-order cannabis food products, offering everything from pizza and salads to muffins and gelato as well as a vegetarian menu.

The food will be take-out only and customers will need to be registered with Arizona's medical marijuana program as the state has not yet legalized the recreational use of cannabis.

The dispensary may expand into Michigan as the state is considering legalizing the use of recreational marijuana.

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