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Colorado: CanopyBoulder Announces New Slate of Cannabis Startups for Spring

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Cannabis companies developing everything from a Consumer Reports-style publication for cannabis to innovative vaporizers, grinders and tools for home growers move to Boulder next week to begin a 16-week CanopyBoulder entrepreneur boot camp.

The new class of 10 companies, with roots ranging from North Carolina to California, marks the third class of cannabis entrepreneurs to gain acceptance into CanopyBoulder, a year-old program that already has helped raise more than $10 million for 19 companies.

“As the commercial side of cannabis matures, so do the applications we receive from around the country,” said CanopyBoulder co-founder and CEO Patrick Rea. “The business ideas being pursued by this spring class are phenomenal. We can’t wait to help them build the leading cannabis companies of the future.”

Hundreds of companies apply to CanopyBoulder’s immersion boot camps, but the accelerator program selects only 10 for each four-month session. The entrepreneurs that make the cut receive $20,000 investments from CanopyBoulder, space in CanopyBoulder’s Boulder office and intense guidance from veteran business leaders. CanopyBoulder anticipates opening a San Francisco office and accelerator in the fall.

The fresh slate of emerging businesses is poised to capitalize on the fastest growing industry in the nation. The ArcView Group investor network, a partner in CanopyBoulder, has helped to raise more than $65 million for cannabis companies and estimates the cannabis market will reach $22 billion in 2020.

CanopyBoulder’s Spring Class

Texas: Marijuana Investment Panel To Address Billion Dollar Industry At Conference

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Investment in the billion-dollar marijuana industry will be the subject of the first-ever cannabis convention taking place in Texas.

Featured financial experts scheduled to appear include Patrick Moran, CEO of AcquiFlow and founder of the first legal cannabis company in the state; Michael Blunk of the ArcView Group; Alan Brochstein founder of 420 Investor; and Brett Roper of Medicine Man Technologies.

“My co-panelists and I will share with Investors how to effectively engage in this emerging Texas industry,” said Moran, cofounder and president of the Texas Cannabis Industry Association (TCIA). “At the Southwest Cannabis Expo, we will also inform entrepreneurs on pitfalls to avoid and actions to take that will help them successfully raise capital.”

According to Blunk, director of entrepreneur relations for ArcView, sales in the cannabis industry are expected to hit $6.7 billion in 2016 after a 17 percent increase to $5.4 billion in 2015. “Investors are eager to learn more about the unique opportunity to be a part of this emerging industry at this historic time and place in history,” he said.

The groundbreaking two-day Southwest Cannabis Conference & Expo in Texas will take place from 9 a.m –6 p.m., Saturday and Sunday, February 27 and 28, 2016, at the Ft. Worth Convention Center, 1201 Houston St., in Fort Worth. Admission is $50 per day. Information and tickets are available at swccexpo.com, or by calling 1-888-729-8199.

Nevada: DigiPath Labs Completes First Medical Marijuana Test

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DigiPath Labs of Las Vegas, the cannabis testing subsidiary of DigiPath, Inc., on Thursday announced that it has successfully completed its first commercial test of cannabis material.

In the short time it's been open, the company said it has already proven that it has the equipment and knowledge needed to reliably test medical cannabis for safety and potency.

"We are open for business," said Todd Denkin, president of DigiPath Labs. "It's been a very long and arduous process, but we jumped through all the hoops and cleared all the obstacles, and now we're testing cannabis products and generating revenue, an important milestone to our shareholders."

As one of only two labs currently operating in Southern Nevada, DigiPath Labs is positioned at the forefront of what is anticipated to become a rapidly growing industry in the Silver State. According to ArcView, the legal cannabis market exploded from $1.5 billion in 2013 to $2.7 billion in 2014—a 74 percent increase in just one year.

Greenwave Advisors estimates that the market could reach $35 billion by 2020 if marijuana is fully legalized across the country, or $21 billion under the more likely scenario of 12 states legalizing recreational use and 37 states legalizing medical use.

U.S.: Founder of Marijuana Investment Group Interviewed by Ganjapreneur

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As public support for the legalization of marijuana has grown, so has the speculation that the cannabis industry could be poised for a major boom if the U.S. federal government changes its policy toward the drug. Like any other emerging market, the cannabis industry has piqued the interest of many venture capital and investment firms around the globe.

Recently, Ganjapreneur, a website dedicated to the growing industry, published an interview with Douglas Leighton, founding partner of Dutchess Capital, an investment group which has recently focused its investments on cannabis start-ups.

In the interview, Leighton discusses how Dutchess Capital came to view the cannabis industry as an opportunity and what led to their eventual decision to invest in several start-ups.

"It took us about 10 months of due diligence before we were comfortable to make the first investment," Leighton said. "We joined ArcView, the angel network for the cannabis industry, in the summer of 2013 and met Isaac Dietrich of MassRoots and subsequently made the first investment." MassRoots is a popular, pseudo-anonymous social network for cannabis users.

U.S.: Legal Marijuana Industry Could Be Bigger Than NFL By 2020

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By Steve Elliott
Hemp News

A new report projects that legal marijuana could be an industry with revenues of $35 billion by 2020 if cannabis is legalized at the federal level. Greenwave Advisors, which authored the report, notes that this is a floor representing revenues in the first year of nationwide legalization.

That figure -- $35 billion -- represents more annual revenue than the NFL (currently $10 billion), and is roughly equal to current revenues from the newspaper publishing industry ($38 billion) and the candy/confectionary industry ($34 billion), reports Christopher Ingraham at .

Greenwave arrived at its estimates by looking at existing and likely marijuana markets, medical and recreational, in states that already have legalized them, as well as in states that appear likely to open such markets by 2020. The research and analysis company estimates 12 states plus D.C. will have legalized recreational cannabis by 2020, reports Matt Ferner at The Huffington Post, with medical marijuana in 37 states.

Currently 23 states have legalized medical marijuana, and two (Colorado and Washington) have legalized cannabis for recreational use. Even without full federal legalization, Greenwave estimates legal marijuana revenues of $21 billion by 2020.

U.S.: LoudCrush Wants To Be Facebook AND Singles Site For Marijuana Users

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By Steve Elliott
Hemp News

Nobody can accuse the company behind LoudCrush of thinking small. In fact, it seems they want to become the Facebook, the Twitter, AND the Instagram of the cannabis world -- oh, and did we mention the Match.com and eHarmony of weed, for good measure?

Crown Baus Capital Corp, "a global acquisition-based conglomerate targeting five primary industries: high-tech incubation, drug development, entertainment/media, education, and financial services," has announced it's in the "final stage of acquiring niche social and dating app, LoudCrush, which the Company intends to complete with an all equity based transaction by issuing five (5) million dollars worth of its 144 restricted common shares."

The company said "The features of LoudCrush combine functionality similar to popular apps like Facebook, Tinder and Vine, which allow users to post videos and photos, to search for friends and singles in their areas, and to chat and discreetly socialize. Users can even send gifts."

Discreetly is a key word, since this is the cannabis community we're talking about. "Most cannabis consumers avoid posting about marijuana on Facebook, Instagram and Twitter because their families and coworkers are on these networks, and cannabis-inclusive profiles are often deleted by mainstream social networks," said Drue Young, co-founder of LoudCrush and vice president of business development at Crown Baus Capital Corp.

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