Cannabis Entrepreneurs Bring Star Power to Accelerator Boot Camp

More than 115 early-stage startups applied for one of 10 spots within CanopyBoulder’s spring business accelerator program for the legal cannabis industry. And while applicants hailed from around the world, those companies recently selected for the Boulder, Colo.-based inaugural boot camp all have one thing in common: star power.

“It is all about the founder,” said CanopyBoulder Co-Founder Patrick Rea of what made certain applicants stand out from the rest. “People who have the quality we are looking for are inquisitive, hard working, focused and take direction well.”

CanopyBoulder raised $1.2 million to invest in 20 early-stage startups providing ancillary products and services to the legal cannabis industry with help from The ArcView Group; $400,000 of the proceeds will go toward the $20,000 seed investment each accelerator team receives. Applications are currently being accepted for the second, 13-week intensive business accelerator program to begin Sept. 1.

The 10 selected...

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