Boulder company specializes in helping marijuana-related startups get off the ground

BOULDER, Colo. – Venture funds and business accelerators are nothing new, but in Boulder, there’s a company that’s investing millions of dollars specifically to help startups in the legal marijuana industry.

Canopy started in 2014 and since then, the company has invested about $5 million in more than five dozen startups. Those young companies have since gone on to raise millions more thanks to Canopy’s accelerator program.

Managing Director Micah Tapman said Canopy works kind of like a “mini MBA” program. Companies selected for the accelerator class get up to $80,000 in capital for their business and spend four months with Canopy’s advisors and mentors, who provide advice and assistance in building out the business and securing funding.

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