December 27, 2014
Over the past few months I’ve been working and meeting with some awesome tech entrepreneurs in the marijuana industry who are trying to unite the two worlds. They’re definitely succeeding, and part of that success has been directly attributed, time and again, to MassRoots.
The social network for the cannabis community was not only one of the first marijuana tech startups, they’ve also been able to give people a place to talk about cannabis and innovate without the social stigma attached. And they held an event in Denver back in September to further help the market segment.
MassRoots hosted the Inaugural Marijuana Tech Startup Competition to award three different startups some prize money and crown them with a pitch competition victory. All told there were three companies that took home some cheddar.
- The Surna First Place Prize ($2,500) – CannaRegs: Their mission is to keep dispensaries, investors and ancillary businesses informed of changes to marijuana laws and regulations.
- The Good Chemistry Second Place Prize ($1,000) – CraftedHere: They provide an online directory of cannabis-friendly bars, clubs and dispensaries for tourists and marijuana enthusiasts.
- The Cannaseur Third Place Prize ($500) – CannaBrokers: A platform that facilitates wholesale transactions between licensed growers, edibles producers and extract companies with dispensaries.
“With over 150 attendees, including 12 investment funds and 45 developers, our inaugural Marijuana Tech Startup Competition was a huge success,” says MassRoots CEO Isaac Dietrich. “This event helped develop the next generation of marijuana-tech startups that not only solve real-world problems, but hopefully help to shape the development of the marijuana industry as a whole. Having a legal-tech startup like CannaRegs win a marijuana-related hackathon goes to show the level of professionalism and talent that is entering the cannabis industry.”
It’s an industry first event, and the people loved it. Specifically, the event funders were proud to be affiliated and put forth the prize money behind a group who can accelerate their ideas into viable products and services.
“The judges immediately recognized we could use CannaRegs in our own businesses today,” says Tom Bollich, CEO of Surna and a co-founder of gaming giant Zynga. “Getting the chance to sponsor new ideas and future businesses with Surna’s first place prize is an honor and we look forward to helping foster innovation within the cannabis industry.”
This might not sound like much at first glance, but realize that it’s one of the first events of its kind. And it’s a shining example of how the tech world is going to further collide with the growing legalized cannabis industry – now is the time to get involved.
Did you like this article?
Get more delivered to your inbox just like it!