Marijuana Venture Capitalist: How To Succeed As Investor And Entrepreneur
An article on Benzinga released July 10, 2017, shares a discussion on investments and investors in the cannabis industry with Micah Tapman, managing director and partner of CanopyBoulder, a seed-stage investment program and mentorship-driven business accelerator for startups in the cannabis industry. Of particular interest was which sub-sectors in the industry offer the most space for growth. Nonetheless, the cannabis industry, being nascent and all, does not have cemented procedures.
Look for scalable opportunities “For the venture capitalist, the best opportunities right now are in the retail and operations technology sub-sector; things like resource planning systems or modern, in-store advertising platforms. “There has been a lot of movement around this area for years without much real traction because, quite simply, traditional retailers have other ways of doing things,” he explained. Thumbnail credit benzinga.com
Nonetheless, the cannabis industry, being nascent and all, does not have cemented procedures. So, space to innovate and incorporate diverse technologies into the retail and operations processes is pretty ample.
Other interesting areas are that of consumption technologies and data & analytics, Tapman continued. “This industry is desperate for that [data and analytics], so that’s really cool.” Finally, there’s supply-chain-related fields, which he believes are ripe for disruption.