While much of the news about the cannabis industry seems mixed-to-grim, we at CanopyBoulder are hearing more stories of success than failure. Many of our portfolio companies are thriving amidst the global pandemic. Below we are highlighting the story of Royal Supply, a packaging supply and solutions company serving the cannabis industry that is setting new sales and growth records. Royal Supply graduated from the recent Winter 2020 CanopyBoulder Accelerator cohort.
No industry is immune to the Coronavirus pandemic. In the cannabinoid industry, consumers are buying and most businesses are responding to this demand with health and safety in mind. Declared “essential businesses” by many state and local governments, customer demand generation, customer retention, order ahead, delivery tech and order tracking are a few of the ancillary businesses seeing sales inquiries spike.
In our work at Canopy, we interview hundreds of investors each year and answer thousands of questions about cananbis investing. Here are the top 10 questions we field and short versions of our answers.
[vc_row][vc_column width="1/1"][vc_column_text]As the Co-Founder & Managing Director of CanopyBoulder, the industry's first business accelerator, I feel qualified to comment on this one. We're working with 10 start-ups in ancillary products and services right now.