As a business accelerator and investor in ancillary cannabis companies, we’ve helped launch 80 companies and have made 100+ investments. And along the way, we’ve seen a lot! Now we’re sharing everything you need to know about starting up and investing in the legal cannabis industry. Learn more about what we do by visiting us atwww.canopyboulder.com.
This week, we're giving you a little recap of the Aspen High event, where cannabis industry pros meet entertainment industry pros. In its second year, the event is a sister event to Aspen Live, a music festival bringing out the big names in entertainment. It doesn't take a whole lot of convincing to get us to attend a cannabis event in beautiful Aspen, CO at the start of ski season but tune in to get our complete take-aways so you can start plotting on how to get your invitation in 2019.
We're back with our series on preparing your business for exit - a thing all young companies should at least be aware of. Even if you're not ready for this yet, it pays to understand how to get your accounting documents in line so that, when the time comes, your business is more attractive (read: higher value and payout). This week, we chatting with Matt Fargo from Kurtz Fargo, an accounting & advisory firm that helps startups navigate these waters. Learn more about Kurtz Fargo at http://kurtzfargo.com/
Like many in the cannabis industry, we spent a week full of weed in Las Vegas at the Arcview Investor Forum and MJBizCon. This week, we're recapping the experience. Both events pulled way more attendees than anyone expected, with Arcview being literally sold out and MJBizCon hitting a record 25,000 attendees. The week was a fascinating one as each year it serves as a bit of a benchmark on how the industry is progressing. Listen to our takeaways!
Learn more about Arcview at arcviewgroup.com and check out upcoming MJBizCon events at MJBizConference.com
Also, in case you missed it, our applications for our spring 2019 accelerator program are OPEN! Check that out at www.canopyboulder.com/entrepreneur
Studies have shown that 92% of the time, consumers purchase whatever their budtender recommends. In a world with so little consumer understanding of cannabis product options, how do dispensaries retain employees, educate them on brands and maximize profits? Best in Grow is tackling the problem with a platform that offers all things budtenders and their bosses need in one place. At just under a year old, the company has already accomplished a lot. Listen to co-founders, Jake Levin and Andrew Duffy, talk about the industry and their journey from Harvard to traditional finance jobs and finally, into this a new market.
Learn more about Best in Grow at bestingrow.io
Learn more about CanopyBoulder at canopyboulder.com
Banking is a huge challenge for this nascent industry. Anyone in the industry has heard the stories about (or has experienced themselves) bank accounts getting shut down. When you're a startup, handling the headache of banking is just another hurdle you don't have time for. This week, we're chatting with MediPays (soon to be Abaca) about their solution to the banking problem for both licensed and ancillary cannabis companies. So far, the team has launched web banking, is live with operators on their platform and has $5M in deposits. Listen to their journey into the CanopyBoulder program and the world of cannabis entrepreneurship.
Get more info on the team at https://www.medipays.com/
Get more info on CanopyBoulder at canopyboulder.com
One of the biggest obstacles to starting up and investing in cannabis is that the industry moves so fast, its hard to see whats really happening. This week, we're tackling that issue through data, everyone's favorite buzzword. Do you know what kind of data to be collecting, where to look for it or how to make it make sense? How about what resources exist to give you clarity not only into the industry, but into your business? Founder and CEO of Cannabis Big Data, Henry Finkelstein, joins us to talk about it.
Don't want to listen? Read about it here: https://go.canopyboulder.com/news/thinking-about-cannabis-data-for-ancillary-entrepreneurs
get more info at www.cannabisbigdata.co
Compliance. That thing that keeps all cannabis licensed businesses up at night. We've all heard the horror stories of companies losing everything over compliance violations - and, honestly, they're pretty scary. This week, we're talking with Azara CEO & Founder, Kathryn Awada, about her solution. The former bud-tender and all around cannabis pro started down this path as the first ever Metrc consultant. Now, shes using her expertise to build out a platform that helps businesses sleep at night. Listen to what shes up to.
Visit Azara at https://www.azara.io/
Meet Jackson Rowland, CEO and founder of Green Genomix. Like many out there dipping their toes into the cannabis sea, Jackson found that some cannabis products just didn't work for him. So he decided to create a business that provides personalized cannabis recommendations through DNA testing.
Listen to his thoughts on starting up in the cannabis industry.
This week, we're recapping not one, but TWO, cannabis investment conferences in the financial capitals of both the US and Canada. Last week, we attended IMN's Institutional Capital & Cannabis Conference in New York City and Kahner Global in Toronto. The two yielded very different experiences, highlighting the differences in cannabis investing between the US and Canada. Listen to us break down the events so you can pretend like you were there too.
Get it in blog format here: https://go.canopyboulder.com/news/cannabis-investor-forums-a-recap-from-new-york-and-toronto
Meet Sarah Gersten and Julie Saltman, co-founders of Buddle. The company empowers cannabis businesses to navigate the industry’s complex legal and regulatory landscape with automated legal services, access to legal documents and a network of cannabis law experts.
Listen to their journey to getting started and how things are going for the company.
As a business accelerator, we get up close and personal with entrepreneurs launching their businesses. And since this is a podcast dedicated to investing and starting up in the cannabis industry, what better way than to talk about those topics than through interviews with the entrepreneurs themselves.
Over the next few weeks, we'll be releasing occasional content interviews with our teams for your listening pleasure.
There's so much to think about when you're launching a business. But, making sure you know what you're doing from a legal perspective is key. This week on the podcast, we sat down with Shawn Stigler, attorney at Michael Best and startup legal expert, to talk about the things entrepreneurs should be thinking about as they launch a business.
Investing in the cannabis industry isn't easy. Its not only brand new, but is constantly changing. The assumptions that once were true can be untrue tomorrow, meaning there are a lot of bad investments out there. Get it right by learning the 10 things you should know before you dive into the green rush.
Arm yourself with the knowledge you need to have a smooth and winning exit!
You've invested sweat, tears, blood (and alot of time and money) into your young company. But there comes a day when its time to move on. Preparing for an exit can be an overwhelming process; you want to get it right so you can move confidently into the next phase of your professional life.
This week we have experienced transactional Attorney and partner at KO Law John Gaddis, on the podcast to discuss what founders should be thinking about as the prepare to exit. John has done countless term sheets and is the expert on exiting in a way that leaves everyone a winner.
Get a BONUS episode on Preparing for Exits: https://anchor.fm/canopyboulder/episodes/BONUS---Preparing-your-Business-for-Exit-Legal-e2cesh
Learn more about KO Law: https://kofirm.com/
Due to federal prohibition, we've been living in a bit of the dark when it comes to how cannabis works with our bodies. This week, we have Tristan Watkins, PhD Neuroscientist and Chief Science Officer for Lucid Mood with us to talk about where we stand with this research, what needs to be done to progress and how cannabis brands are working to advance what little we know.
Compliance seems to be the "it" word these days. It gets thrown around like a hot potato. But, what does it mean,why is it important and HOW do you get on board? This week, we tracked down the experts, Tyler Stratford and Greg Huffaker from CannaAdvisors, to unpack compliance for everyone from cultivators to retailers. They walk us through common issues and give some tips for how new and existing businesses alike can ensure their compliant. After all, the country is watching what cannabis does next.
Named the #1 consulting firm in the industry by Cannabis Business Executive, the Canna Advisors team delivers more than 85 years of combined industry experience in license procurement, facility design and optimization, business development, operational management support, branding, and marketing. Check out www.thinkcanna.com for more information.
Don't miss our launch party on Oct 2 in Boulder, CO. RSVP here: https://bit.ly/2PSXMkp
Artificial intelligence and computer learning in the cannabis industry? This week, we're chatting with deepgreen CEO, Colin Ferrian on topics from what its like to be an entrepreneur in this industry to the future of tech. For more information on deepgreen, go to deepgreen.ai
You've decided to take on some venture capital. Now what? Do you need to qualify those investors or can you trust them? And how do you even go about that? Don't fret dears, we have the answers. This week we're diving into what you should be thinking about when considering investors- it is, after all, basically a marriage. Are you picking the right one? More information on fundraising and investors at https://bit.ly/2O9FURL
Branding is key to cornering the market in the cannabis industry. This week, we're talking with attorney and trademark expert, James Marion, about how to ensure you have a safe and effective trademark. Follow him on twitter @marionesq and check out his website at http://www.marionesq.com/
Not sure what the CanopyBoulder accelerator actually entails? We have answers to all your burning questions about how it works, what to expect and why entrepreneurs choose to come.
Want to see this on video? https://bit.ly/2w4bhpV
Want to apply? Applications are open for a few more days for our Oct. 1 start date. www.canopyboulder.com/apply
Pitching to investors isn't easy but it is critical to success. This week, we're talking about best practices when it comes to putting together materials for investors and getting up there in all your glory to... gasp.. talk about yourself! Check it out!
Curious about mentorship at CanopyBoulder? This week, we dive into what it takes to mentor, why it's so important and what's in it for them and how to get connected. If you're interested in mentoring, tell us about yourself: https://go.canopyboulder.com/canopy-mentor-information