Cannabis Business Accelerator to Help 20 Startups

Startup companies focusing on the ancillary cannabis market will get a helping hand – and a cash infusion – as part of a new business accelerator program set to launch in Colorado.

CanopyBoulder, which acts as a mentor to companies developing ancillary marijuana products and services, will invest $20,000 in 20 startups selected for the accelerator next year. The companies will receive assistance from industry experts and access to a 12-week “business boot-camp” to help develop their ideas.

CanopyBoulder has teamed up with The ArcView Group, which already has a network of investors, industry experts and marketing resources, for the venture, the companies said in a joint release today.

The accelerator program will focus on startups offering industry technology, safety products, packaging, cultivation tech, apps, and other ancillary products and services, according to Patrick Rea, CanopyBoulder’s co-founder.

Applications to participate in the accelerator are currently being accepted.

“There is no shortage of business opportunities or investors ready to get into the cannabis industry,” said Troy Dayton, CEO of The ArcView Group. “What’s missing is an abundance of well-qualified, and well-supported teams executing pressure-tested, investment-ready business plans.”

ArcView said earlier this year that it’s seen its network of investors grow considerably as more institutional and angel investors seek to enter the cannabis space.

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2 comments on “Cannabis Business Accelerator to Help 20 Startups
  1. Dennis E. Anderson on

    Ok professionals we all know the value of a good song or a movie in promoting, so— lets tie in the animation of Revelation9:1-12and21 as well as Rev.9:13-20 (internal combustion)
    Rev.9:1-12:21 (Torment of the unborn in the 5th-9th months) Smoke em if ya got em capt. Just in case is why i typed this. It’s called covering myself! Dam smoke anyway!

  2. jon alpaugh on

    Interesting add… I see investors may have an open door here …your group (will invest $20,000 in 20 startups selected) if I had my own $20.000 where and how could I get involved .. [email protected] THANK YOU

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