Nearly 250 investors and entrepreneurs from across the country congregated at RiNo’s Exdo Event Center last weekend for this year’s Arcview Investor Network Pitch Forum. The event, which focused exclusively on cannabis-related businesses, saw 13 hopeful companies pitch their business plans to investors.
Pitches occurred to panels of three judges in segments called the “Arc Tank,” and were judged by the crowd’s votes on a mobile phone app.
Founded in 2011, the Arcview Investor Network is a group of 480 venture capitalists that deals solely with the cannabis industry. The group has invested $45 million in 72 companies since its inception. And that number is likely to grow, according to Arcview CEO Troy Dayton.
“It’s a whole new ball game,” Dayton said. “The amount of investments has increased three times over the last 12 months.”
Pitches included Leaf, a company that designed a self-growing cannabis station; Glasshous, an online store for smoking devices, and PotGuide, an app for searching dispensaries.