Marijuana businesses ask for millions from investors at Denver pitch meeting


Legal marijuana is big business — or at least that’s what investors are banking on. On Tuesday, 22 cannabis entrepreneurs pitched their business ideas to more than sixty investors gathered at the Denver Athletic Club in the second Mile High confab hosted by the California-based ArcView Group, which connects investors with pot-related startups.
Though not all of the deals are finalized yet, ArcView CEO Troy Dayton estimated that the pitch slam resulted in “well over $1 million” in investment. Denver Westword‘s Melanie Asmar has the full story.