SAN FRANCISCO–(Small business WIRE)–Nowadays, DCM, an early stage worldwide venture capital firm and the 1st investor on Sand Hill Road to invest in the cannabis marketplace, announced its inaugural Cannabis Technologies Summit, CannTech. The very-curated occasion options CEOs from globe-major corporations, and discussions on salient subjects at the intersection of cannabis, technologies, and capital. In addition, the occasion will function a startup pitch competitors with a $30,000 grand prize.
Following the legalization of recreational cannabis in Colorado in 2014, DCM became the 1st venture fund on Sand Hill Road to invest in the cannabis sector with their seed round investment in Eaze. Nowadays, 34 states (such as DC) have legalized health-related or recreational adult-use cannabis, representing a lot more than 50% of the US population. In 2018 alone, 21 states deemed bills that would legalize recreational adult-use cannabis.
“The cannabis marketplace is a booming sector and has captured the focus of tech innovators, bringing forth the evolution of a new segment: Cannabis Technologies,” mentioned David Chao, Co-Founder and Companion of DCM. “With all indicators pointing to 2019 becoming the year of cannabis, we made CannTech to be a platform for emerging cannabis and technologies experts to come collectively to get funded, educated, and connected,” mentioned Kyle Lui, Companion at DCM.
CannTech attendees will have the chance to understand from cannabis and technologies CEOs and investors from corporations such as Eaze, Pax Labs, Dosist, K-Zen, Atrium, Rose Capital Partners, Poseidon Asset Management, Casa Verde, and Lime, with talks and panels on subjects such as regulation, branding, financing, and distribution.
CannTech welcomes any cannabis entrepreneur or technologies startup in North America to apply to the pitch competitors, from farm management computer software to CBD spritzers to synthetic cannabinoids. Applications are now open, and due by Wednesday, April 17. Shortlisted applicants will be invited to interview involving Monday, April 22 and Monday, April 29, with finalists invited to attend and pitch the esteemed panel of judges for the opportunity to win the $30,000 grand prize.
CannTech will commence on May perhaps 7th from 11:30 am to five:30 pm at The Pearl positioned at 601 19th Street, San Francisco a lot more information and facts can be identified at this link. DCM is supplying a quantity of complimentary tickets to technologies experts and aspiring cannabis founders interested in mastering a lot more about the space. These interested in attending the occasion can apply for an invite.
CannTech is DCM and Silicon Valley’s 1st annual technologies summit focused on the cannabis sector. The occasion aims to accelerate the cannabis sector inside the Bay Region and beyond by connecting startups and entrepreneurs with major experts in the cannabis and technologies markets. This half-day occasion will function significant cannabis and technologies CEOs and investors from corporations such as Eaze, Pax Labs, Dosist, K-Zen, Atrium, Rose Capital Partners, Poseidon Asset Management, Casa Verde, and Lime, with talks and panels on subjects such as regulation, branding, financing, and distribution. CannTech is also proud to function a startup pitch competitors with a $30,000 grand prize, judged by an esteemed group of major CEOs, VCs and sector players.
CannTech will commence on May perhaps 7th from 11:30 am to five:30 pm at The Pearl positioned at 601 19th Street, San Francisco. Occasion and submission information and facts is obtainable at canntech2019.com. To apply for the pitch competition apply right here. To apply to attend the CannTech Summit apply right here.
DCM is a worldwide venture capital firm primarily based in Silicon Valley, Beijing, and Tokyo with practically $four billion below management. DCM has invested in a lot more than 300 early stage technologies corporations across the United States and Asia, and gives hands-on operational guidance and a worldwide network of organization and monetary sources. DCM has backed sector major corporations such as 51job, 51Speak, 58.com, BitAuto, Dangdang, Fortinet, Pleased Components, Houchebang (ManBang), Musical.ly (TikTok), Kakao Speak, Sling Media, TanTan, Tuniu, Vipshop, UCloud and Uxin. DCM has also invested in thrilling, up and coming startups such as Eaze, Lime, SoFi, Bill.com, Careem, A lot, Hims, FiveStars, FuboTV, Maimai, Pony.ai, Freee, Kuaishou and SanSan.