DC Buzzing With Cannabis Events

24While the nation’s capital still does not allow the sale of marijuana within its boundaries, its limited cannabis legalization law is in effect and seems to encourage investors and advocates. This month, Washington DC is abuzz with marijuana-related conferences and gatherings, especially on cannabis investing.

First, on April 28 and 29, the National Cannabis Industry Association will host a symposium alongside Congressional lobby days on Capitol Hill. Also on April 29, the Hill’s Hyatt Regency will be filled with marijuana advocates and industry players as the Marijuana Policy Project celebrates its 20th anniversary.

But one of the most anticipated events in and around the District this month is the marijuana investor gathering at the Hilton Alexandria Mark Center in Alexandria, VA on April 30 and May 1.

Cannabis is not legal in Virginia, but this event is expected to draw much attention, not just around DC but from throughout the country. That’s because the conference is a pitch event where marijuana startups and big investors meet, and it is organized by high-profile investing network The ArcView Group.

In this conference, startup entrepreneurs hoping to gain ground in the marijuana space will present “Shark Tank-like pitches” to some “200 high-net worth investors” hailing from around the world. These investors are ready to put some money in the burgeoning legal cannabis industry, and are willing to support deserving startups through ArcView’s accelerator, Canopy Boulder.

The pitch event is part of a nationwide series, and in DC, it falls within what ArcView has dubbed the “Marijuana Week”.

Some media outlets note that Washington DC having a “Marijuana Week” when it has not even legalized sales indicates that many are highly interested in investing here as soon as it is legal. Others, while still optimistic, believe that potential investors may have to hold off for a few years or so before they can get in on the District’s marijuana scene.

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