25 Feb CanopyBoulder Announces Spring 2016 Cohort
Cannabis companies developing everything from a Consumer Reports-style publication for cannabis to innovative vaporizers, grinders and tools for home growers move to Boulder next week to begin the 16-week CanopyBoulder business accelerator program. The program culminates with public Demo Days at the Boulder Theater on May 17th and in Oakland, California on June 18th.
The new class of 10 companies, with roots ranging from North Carolina to California, marks the third class of cannabis startups accepted into CanopyBoulder, a year-old program that already has helped raise more than $10 million for 19 companies.
“As the commercial side of cannabis matures, so do the applications we receive from around the country,” said CanopyBoulder co-founder and CEO Patrick Rea. “The business ideas being pursued by this spring class are phenomenal. We can’t wait to help them build the leading cannabis companies of the future.”
Only ten companies are selected out of hundreds of applications to CanopyBoulder’s immersion boot camps. Entrepreneurs that make the cut receive up to $70,000 in investments from CanopyBoulder, space in CanopyBoulder’s Boulder office, and intense guidance from veteran business leaders. CanopyBoulder anticipates opening a San Francisco office and accelerator in the fall.
The fresh slate of emerging businesses is poised to capitalize on the fastest growing industry in the nation. The ArcView Group investor network, a partner in CanopyBoulder, has helped to raise more than $65 million for cannabis companies, estimates the cannabis market will reach $22 billion by 2020.