Javier Hesse interviewed Micah Tapman, managing director and partner at CanopyBoulder, a cannabis industry accelerator operating in Colorado and California, who shared some interesting details its operations over the past three years. He explained the organization’s aversion to direct cannabis startups as related to both an inability to scale as well as concerns about federal illegality for at least some of its investors, of which there are approximately 45.
CanopyBoulder has made about 60 investments to date and has written off about 10 of them completely, which is in line with its expectations. Despite the inevitable failures associated with startup investing, Tapman estimates the overall returns have been in excess of 300%.
Read Javier Hesse’s “Marijuana Venture Capitalist On CanopyBoulder’s Investments: We Focus On Co’s That Can Scale To Spectacular Levels Very Quickly”: https://www.benzinga.com/news/17/06/9658646/pot-baron-on-canopyboulders-investments-we-focus-on-cos-that-can-scale-to-spectac