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Investors put up big bucks for pot
Denver (AP) - Some investors are high on the investment possibilities of legalized pot.
The ArcView Group is pouring more than $1 million into cannabis companies.
Twenty-plus firms made pitches to ArcView members in Denver this week.
The state has legalized marijuana and there's money to be made.
ArcView's Troy Dayton says some of the companies are seeking as little as $100,000, while others want up to $24 million.
One venture capitalist says the pot startups are just as exciting as the high-tech industry once was.