The United States is the world's largest cannabis market, but as more European countries consider legalization, investors are looking for opportunities in production, distribution and retail.
Entrepreneurs must navigate complicated legal frameworks even as they compete with an enormous black market because of the different laws governing this plant-based drug.
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Europeans spend an estimated 9 billion dollars per year on illegal cannabis, and the market for unlicensed medical cannabis is predicted to reach 355 million.
For our latest investor survey, we contacted eight investors who are actively signing checks for cannabis tech companies and asked them to tell us what they are looking for, how they measure success, and the best way founders can get their attention.
8 cannabis investors share their outlook on the European market in H1 2022
I would like to thank Frederique Dame and Glen Evans from Greylock for joining me yesterday.
Glen and I talked about hiring top talent in a competitive environment, and I spoke to Frederique about the journey to finding product-market fit. Next week, I will post a recap of both conversations.
On Tuesday, April 26, at 2:30PM/6:00PM, I'm hosting a Twitter Space with a Silicon Valley-based immigration law attorney who writes a weekly column.
We will discuss recent developments in U.S. immigration law, H-1B visas and other issues relevant to the tech industry before taking audience questions.
Have a great weekend, thanks for reading.
Walter Thompson Senior Editor, TechCrunch+
@yourprotagonist
Even though Southeast Asia is home to the world's fastest growing e-commerce markets, large parts of the region are left grossly underserved.
Basic necessities can cost three times as much in rural areas as they do in urban areas.
One answer to this is social commerce, which uses social media to allow businesses to market and sell their products while also empowering smaller businesses and underserved communities.
Most social commerce platforms don't require an upfront investment, and can be used by resellers. They can focus on using their social circles.
How social commerce is bridging Southeast Asia’s infrastructure gaps
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Thank you, dear Sophie.
I earned my master's degree in business analytic last year, and have been working for a company since then.
My employer entered me in the H-1B lottery, but I haven't been selected. I heard that my degree qualifies as a science, technology, engineering, and math field, making me eligible to continue working.
Can I stay in the US?
Astute analyst.
Dear Sophie: I didn’t win the H-1B lottery. What are my next steps?
The image is from TechCrunch.
The social media platform's revenue is on track to hit $6 billion in 2022, but it wasn't a target of Musk's offer.
The fact that its stock traded above $60 for most of the year could mean that Musk's $54.20 per share offer could be a disappointment to long-term shareholders.
If you already owned stock in the company, you would have left when the CEO chair turned over last year.
Musk is arguing that current shareholders of the company are sad and want to cash out, not expecting to see prices for their company return anytime soon.
Is Elon Musk undervaluing Twitter in his unsolicited bid?
It's clear why so many EV startups merged with special purpose acquisition companies: SPAC cash can be used to scale up operations and fund R&D.
Since their debut, the valuations of the companies have deflated like a deflated tire. They have drawn the attention of the Securities and Exchange Commission.
When investors start filing lawsuits, you really get hammered.
Why EV startups should’ve hit the brakes before merging with a SPAC
The global sales volume for non-fungible token fell from January to March, but blue-chip NFT projects like Mutant Ape Yacht Club, Azuki and Bored Ape Yacht Club are soaring in value.
Many lesser-known projects have become stranded assets, but owners of high-value NFTs are borrowing against their token to gain liquidity, and in turn, generate additional yield elsewhere or purchase more assets.
Stephen Young, CEO of marketplace NFTfi, said that the top-tier projects still retain considerable value.
Blue-chip NFT owners explore alternative uses as sales decline
The best technology podcasts category has Nominations for Found, a show where founders share the stories behind their startups.
You can vote before April 21 to help it win the People's Voice Award.
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