Cannabis Start-ups Show Off Innovations at Denver Competition
October 22nd, 2014
News, Top News
The Marijuana Tech Startup Competition took place in Denver, Colorado on September 26th through the 28th, billing itself as the first-ever cannabis-focused tech start-up competition. With over 150 attendees, the unique competition attracted 12 investment funds and 45 developers interested in the industry, which has been rapidly growing on the heels of adult-use legalization back in 2013.
See NBC News’ coverage of the event here:
The winners of the inaugural competition included CannaRegs, CraftedHere, and CannaBrokers. CannaRegs keeps dispensaries, investors, and ancillary businesses focused on changing laws; CraftedHere provides an online directory of cannabis-friendly bars, clubs and dispensaries; and, CannaBrokers facilitates wholesale transactions between licensed growers and dispensaries.
MassRoots – a leading social network for the cannabis industry – and Whaxy – a provider of cannabis industry news and information were responsible for setting up the event. As start-ups themselves, the companies are looking to raise awareness within the investment community and ultimately attract more capital into the rapidly growing industry.
“As the lead investor in MassRoots, the brainchild behind this event, it was especially exciting for us to attend and be on the judging panel,” said Ashton Jones of Dutchess Capital, an investor in the industry. “Dutchess is looking to put our money behind groups that can accelerate their ideas into viable products or services, and Amada’s concept with CannaRegs ticked all the boxes for us.”
While investing in start-ups is largely off-limits to the general public, individuals have a number of options in the stock market for investment. Publicly traded companies in the space range from licensed producers of medical marijuana in Canada to companies developing cannabis breathalyzers and other innovations that will become increasingly necessary as the industry evolves.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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