Ten entrepreneurs from across the country recently completed a 12-week mentoring program at Canopy Boulder, a mentorship and seed-stage investment program focused on the cannabis industry.
It’s risky, unproven and still illegal at the federal level, but a group of Boulder investors is betting on the cannabis industry.
They’ve launched Canopy Boulder, a mentorship and seed-stage investment program, and put up $1.2 million to shepherd 20 entrepreneurs into the new, fast-growing field of marijuana ancillary businesses and services.
The way they see it, the cannabis market is theirs for the taking. But because it’s new, there is no model to look to for guidance.
Canopy Boulder is not investing in marijuana growers, manufacturers or dispensaries. Instead, it is focused on all the businesses behind the pot industry.
Micah Tapman, Partner at CanopyBoulder
It’s mind boggling to think of growth and where the industry is going. Investors are getting in now when it’s cheap.
Read “Canopy Boulder steers funding to businesses behind the marijuana industry” by Monica Mendoza: http://upstart.bizjournals.com/money/loot/2015/09/21/canopy-boulder-steers-funding-to-businesses-behind.html