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U.S.-based cannabis investment firm Arcview Group says it is impressed by the calibre of investors, including big funds and institutional investors, who are interested in the Canadian marijuana market, despite having little involvement in cannabis south of the border.

John Downs, Arcview’s director of business development, said the high levels of Canadian capital pouring into cannabis, as well as the country’s plans for legalization, piqued the firm’s interest in holding an event in Toronto.

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We actually look to our northern neighbours as leaders in the space John Downs, Arcview

“We’re paying attention down south, we actually look to our northern neighbours as leaders in the space,” he said Tuesday at the Arcview Investor Pitch Forum, its first event in Canada.

“I would consider Toronto a significant hub for cannabis financing.”

An increasing number of U.S. marijuana companies are eyeing investment opportunities in Canada as they see companies garner significant investment dollars and huge valuations both through their ability to list publicly on Canadian exchanges and through private investment interest.