Marijuana Startup Accelerator CanopyBoulder Is Leading A Cannabis Industry Boom, But Some Grads Say The Program Isn’t Worth The Hype

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BOULDER, Colorado — It was week three for the new class at CanopyBoulder, the first seed-stage business accelerator focused squarely on the cannabis industry, and on this sunny Tuesday afternoon, CanopyBoulder managing director Micah Tapman was giving the 10 nascent marijuana companies chosen for the program a lesson in making personal connections.

A few days earlier, a major businessman in the Colorado marijuana industry had given a presentation at the accelerator. But after the talk, hardly any of the program participants had introduced themselves to their guest. Considering that individual is worth millions, that was the wrong move, said Tapman.

“Venture capitalism is all about authentic relationships,” he told the group, spread out around CanopyBoulder’s small office space, which is furnished with work tables cluttered with laptops and product prototypes and wipe boards on the walls tattooed with to-do lists and business plans. “Let’s keep our focus on the people side of things.”

But...

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