Considering that Colorado pot shops have , it s no surprise that people are trying to come up with ways to get into the weed business.
That s where CanopyBoulder comes in. A seed-stage cannabis investment fund, Canopy looks for promising pot-related businesses to invest in, and managing director Micah Tapman says the company has about $2 million to put toward the cannabis industry.
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A great idea for a cannabis-related venture, though, is the least interesting part of a potential investment relationship, Tapman says. What s really important? The people who come up with the idea.
It s gotta be at least 70, 80 percent of it, Tapman says. I don t really care that much about the idea, to be honest.
Tapman explains that the main reason the people are the crucial component is that investing is all about relationships. If I m investing, we re gonna be spending some time together, he says, adding that he thinks of it in terms of years, not weeks or months.
