Does AngelList allow investments into cannabis companies?

Yes, AngelList allows investments into cannabis companies, although certain restrictions apply.

If the investment is into a company that is “plant-touching,” we require the fund or deal be self-advised. A plant-touching company is defined as a company that touches the plant at some point along the supply chain and clearly manufactures, distributes, or dispenses cannabis. Examples: Cannabis seeds, cultivating, extracting, planting, processing, testing, packaging, transporting, retail delivery, or dispensaries.

If you would like to manage a fund with a thesis related to cannabis, you must choose our self-advised option. If your fund does not focus on cannabis, but you’d like to make a one-off investment into a cannabis company, please reach out to your account manager.

If you’re investing into a cannabis-related company, like point of sale software, the vehicle can be AngelList advised.


If the company is related to cannabis in any way, the company cannot be located in the following countries:

  • Belarus 
  • Burundi
  • Central Africa Republic
  • Congo, The Democratic Republic of
  • Cuba
  • Iran, Islamic Republic of
  • Iraq
  • Korea, Democratic People’s Republic of
  • Lebanon
  • Libya
  • Nicaragua
  • Russian Federation
  • Serbia
  • Somalia
  • South Sudan
  • Sudan
  • Syrian Arab Republic
  • Venezuela
  • Yemen
  • Zimbabwe 

The list of countries above is current as of February 1, 2023 and is subject to change without notice.  


For more information on how to start a fund or run an SPV with AngelList, click here.

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