BOULDER, Colo., Dec. 16, 2014 (GLOBE NEWSWIRE) -- The ArcView Group and CanopyBoulder announce plans to launch a business accelerator for startups and transform how entrepreneurs enter the rapidly expanding $2.6+ billion U.S. marijuana industry.
CanopyBoulder is a seed-stage, mentorship-driven business accelerator for companies developing ancillary products and services for the broadening legal cannabis industry. CanopyBoulder will select 20 startups in 2015, invest $20,000 in seed capital in each venture, surround them with expert cannabis industry advisors, and invite them to Boulder to participate in a 12-week business boot camp to jumpstart their ideas.
Patrick Rea and Mark Nottoli, two natural products industry veterans, advisors and serial entrepreneurs, founded CanopyBoulder in July, 2014. Today they announce a joint partnership with The ArcView Group that leverages ArcView's extensive network of investors, industry leaders, entrepreneurs and marketing resources to augment CanopyBoulder's capacity to attract, identify and develop promising enterprises and empower them to grow and prosper.
"CanopyBoulder, with ArcView's help, will create 20 industry-leading startups in 2015 and give investors an incredibly unique opportunity to participate in a broad offering of cannabis-related sectors. Our focus will be on cannabis industry technology, safety products, packaging, big data, grow tech, and apps, among others," said Patrick Rea, CanopyBoulder Co-Founder and Managing Director.
Applications for the 2015 class are currently being accepted at www.canopyboulder.com and www.arcviewgroup.com.
"There is no shortage of business opportunities or investors ready to get in to the cannabis industry. What's missing is an abundance of well-qualified, and well-supported teams executing pressure-tested, investment-ready business plans. CanopyBoulder in partnership with ArcView, helps fill this very timely need for this fast emerging industry. " said Troy Dayton, CEO and Co-Founder of The ArcView Group.
"ArcView has built the largest and most active network of investors, key players, and mentors in the cannabis industry. This venture with CanopyBoulder represents the most meaningful application of those assets to support the development of this industry. The entrepreneurs that graduate from our accelerator will be uniquely positioned to create responsible, politically engaged, and profitable businesses to change the world. " said Stephen DeAngelo, President and co-founder of The ArcView Group
About CanopyBoulder
CanopyBoulder is a seed-stage, mentorship-driven business accelerator for companies developing ancillary products and services for the legal cannabis industry. Each of the CanopyBoulder startup companies are hand-picked by our selection committee to receive a $20,000 capital infusion and participate in our intensive 12-week accelerator program. CanopyBoulder advisors and mentors work closely with all the companies, helping them strictly define their business models, refine their unique selling propositions and focus their marketing and fundraising activities. For more information, please visit www.canopyboulder.com.
About The ArcView Group
Founded in 2010, The ArcView Group is responsible for a number of ground breaking ventures in the cannabis industry. The ArcView Investor Network includes more than 400 accredited investors who have put more than $17 million behind 34 companies in the last 2 years. ArcView Market Research produces the State of Legal Marijuana Markets report which is the most oft-cited market data report. ArcView is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. For more information please visits www.arcviewgroup.com.
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