On Monday, April 29, 2013, more than 40 high-net-worth investors from around the world will gather in Seattle to hear pitches from the top entrepreneurs in the hot, new legal cannabis industry. The private event is hosted by The ArcView Investor Network. A news conference to announce some of the first funded deals will be held immediately after the investor meeting.
The ArcView Investor Network includes billionaires, technology entrepreneurs turned investors, small venture capital firms, former Microsoft executives, real estate moguls, large donors to marijuana policy causes, and owners of the biggest companies in the cannabis industry.
“Cannabis is the next great American industry,” said ArcView co-founder and CEO Troy Dayton. “Now that a majority support legalization, a geyser is about to go off. The question is: which companies will be seated on top of it? That is what’s being decided at this investor event.”
Companies are vying for investments to make their business dreams come true. These include cannabis packaging, a handheld vaporizer, a transdermal patch that purportedly can stop the psychoactive effects of cannabis, a machine that makes a hash oil and other cannabis concentrates, and more. High-tech companies looking for investors include companies that make better grow lights, a mobile app for retailers, and even a crowdfunding platform.
The format of the event is similar to the one employed in the popular television show, “Shark Tank.” Entrepreneurs will each have an exhibit table outside of the pitch room and be called in one at a time to pitch the investors who will pepper them with tough questions.