SAN FRANCISCO, CA, Sept. 9, 2014 (GLOBE NEWSWIRE) -- More than 175 high net worth investors from around the world eager to invest in the fast-growing legal marijuana industry will gather at the Intercontinental Hotel in Chicago for a Shark Tank-like pitch forum on Thursday, September 18th hosted by the ArcView Investor Network. More than a dozen of the top pre-selected entrepreneurs will pitch accredited investors on their cannabis business dreams in a private meeting only open to its members. Hundreds of entrepreneurs competed for the few pitch slots at this exciting forum.
ArcView investor members have recently pumped more than $13 million into 20 private companies. These are some of the first angel investments in this newly structured sector of the economy. When ArcView graced the cover of the April 2013 issue of Fortune Magazine, it had about 40 investor members. It now has more than 300 members, making it one of the largest angel investment groups in the country. Unlike other angel groups of its kind, ArcView focuses exclusively on legal cannabis-related businesses.
Investors looking to invest at least $50,000 into the bourgeoning sector pay an annual fee of $2,500-$15,000 to be members of this elite group. The ArcView Investor Network includes billionaires, tech entrepreneurs turned angel investors, venture capital firms, real estate moguls, some of the largest donors to marijuana policy efforts, and the owners of some of the most successful brands in the fast-growing legal cannabis industry who are looking to make strategic acquisitions. It is the highest concentration of capital and key players to ever assemble for the industry.
ArcView Market Research, the market data arm of ArcView, in its 2nd Edition of the State of Legal Marijuana Markets, estimated that in 2013 the legal national cannabis market was $1.5 billion and projects that in 2014 it will grow more than 68% to $2.6 billion, making it the fastest growing industry in America.
What: Select media representatives will be invited to witness a few presentations from companies that have been successful at raising capital from this group and a few who are hoping to attract investors at this meeting. Select reporters will be allowed in from roughly 7:30 am – 1:00 pm. Reporters will be able to interview high net worth investors who have recently invested in the sector or are considering it, companies that have recently been funded, elected officials that support legalization, and the editors of the market report.
When: Thursday, September 18th from approximately 7:30 AM – 1:00 PM
Where: Intercontinental Chicago @ 505 N Michigan Ave. Chicago, IL 60611
You must get prior approval and have press credentials to attend.
Who: Troy Dayton, co-founder and CEO of The ArcView Group, a national cannabis investment and research firm, founding board member of National Cannabis Industry Association, board member of the Marijuana Policy Project.
Steve DeAngelo, is a national thought leader in the cannabis industry, advocate, educator and speaker. Featured in major media around the globe, he co-founded and pioneered Harborside Health Centers, in Oakland and San Jose, Steep Hill Laboratory and The ArcView Group.
Mark Passerini, chair of the Illinois Cannabis Association, co-founder of leading Michigan medical cannabis dispensary Om of Medicine and the Ann Arbor Medical Cannabis Guild
Lou Lang, Democratic Illinois House of Representatives member representing the 16th district.
Tripp Keber – founder of cannabis infused product manufacturer Dixie Elixirs and investor in numerous companies that have pitched at ArcView. Featured in People Magazine as one of the nation's leading cannabis millionaires.
Dr. Steve Katz, Republican New York Assemblyman who has announced plans to invest millions in the industry via the Budding Enterprise Fund.
Lauren Fraser, Director of Business Development for Auntie Dolores, an edible cannabis company that has raised money from ArcView investors.
Jake Schrader, principal in Articulated Investors who has invested millions into the cannabis sector. Formerly an executive for top tier Wall St. investment firms.
Dooma Wendschuh – well-known video game creator and co-founder of ebbu, a proposed Colorado retail brand of cannabis products that allows consumers to choose how they want to feel that recently raised capital from ArcView members.
Andy Williams - founder of Medicine Man, a leading cannabis retailer in Denver that raised more than $1 million from ArcView investors.
Robert Jacob- Mayor of Sebastopol, California, and the executive director of two leading medical cannabis dispensary organizations, Peace in Medicine of Sonoma County and SPARC of San Francisco. SPARC is a sponsor of the ArcView event.
And many more!
This event was made possible in part by our sponsors including: O.penVAPE, MJX Fund, New Approach Oregon, Medicine Man Denver, The .BUZZ Registry, Drug Policy Alliance, Apeks Supercritical, Budding Enterprise Fund, Med-Canna Consulting, Poseidon Asset Management, Marijuana Policy Project, Cannasure Insurance Services, and National Cannabis Industry Association.
With deep industry experience, The ArcView Group is ushering in the next generation of cannabis-related businesses with The ArcView Investor Network, ArcView Market Research, Cannasure Insurance Services, and other ground-breaking ventures.
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