Cannabis Investor Sees Strength in Numbers

Cannabis Investor Sees Strength in Numbers
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In 2016, the NFL Players’ Association reported that the average career lasts 3.3 years. Of those players, 78% would lose all their career earnings within three years of leaving the league. Matthew Nordgren would play just two years as a backup quarterback, but he wouldn’t go broke post-retirement. Instead, as the founder of venture capital (VC) cannabis investing firm Arcadian Capital, Nordgren and his team are helping grow the industry’s ancillary, or non-plant touching side, of the market. Since launching in December 2017, Arcadian Capital has amassed a range of significant cannabis industry investments. The firm’s investment process is billed as being “predictable, scalable and profitable.” The company has had activity in numerous ancillary marijuana sectors, including tech services, media, e-commerce, consumer product platforms, agricultural tech (agtech), life sciences and supply chain, among others. “We’ve had a lot of success, and there’s more work to do,” Nordgren said, adding that Arcadian’s leadership, comprised of professionals with institutional and family office investor backgrounds, is “desperately looking for quality” and often aligns with plant medicine and innovators advancing the space. Nordgren says his unique experience performing at a high level as both an athlete and investor has given him a valuable perspective for overseeing Arcadian Capital’s growth. With previous success in sports and entertainment VC firms, Nordgren may have the pedigree to do the same in cannabis. While possible, the firm’s founder doesn’t seem to harbor a desire to be seen as the best. Instead, his focus is on building up the emerging market in a communal fashion. Going From Gridiron to Cannabis Investing Since his college days, Nordgren knew he wasn’t destined for a Tom Brady-esque career in the NFL. He always focused on a future away from football, earning his bachelor’s in government and business from the University of Texas…

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