The first ever Marijuana Tech Start-Up Competition concluded Sunday evening as jittery contestants gave their final pitches and waited on a verdict from the judges. The competition was held this past weekend in Denver, Colorado where 125 registered participants spent the entire weekend glued to their Macbooks battling for over $4,000 in cash and prizes. The event boasted 10 canna-tech focused business ideas, an impressive panel of judges, and national news recognition from NBC Nightly News.
The participant registration options were divided into three categories: attendees, developers/designers and those with an idea to pitch. Attendees consisted of marijuana enthusiasts interested in getting a foot in the industry door with the exciting possible opportunity to enter the start-up world from the ground floor. Many talented developers and designers were available to begin product development for each chosen team, lead by 10 different business men and women with ideas to pitch.
The competition kicked off with initial pitches and networking fun on Friday evening, September 26. After all ideas were pitched, developers teamed up with the visionaries in the room to hit the ground running. Teams quickly formed, and game plans were hatched, all while many participants enjoyed the marijuana provided by generous local dispensary donations. The event space was fully stacked full with stoner snacks and Red Bull which allowed the teams to work diligently for nearly 48 long hours between Saturday and Sunday.
Sunday evening brought participants to the culmination of the event where sleepy-eyed teams demo’ed their mobile and desktop applications. Ideas ranged from legal advice software and wholesale distribution networks to social smoking and grow-at-home apps. Judges grilled contestants with somewhat shark tank style questions derived from their own personal experience in the execution and scalability of marijuana related businesses.
This event may have been the first of it’s kind, but will doubtfully be the last. This weekend marked a monumental step in the legitimization of the cannabis industry. Ancillary businesses focused on technology are stepping up to provide the support channels that legal cannabis businesses want and need. Congratulations to MassRoots for an incredible job with this, first ever, Marijuana Tech Start-Up Compeition, signifying the first giant leap for marijuana business.
Photo Credit: MassRoots