Got a Pot-Centric Business Idea? Marijuana Investment Summit Seeks Pitches

ILLINOIS:  Prospective marijuana entrepreneurs will get a chance to bend the ears of more than 175 investors seeking business opportunities at a pot-centric business conference with a “Shark Tank-like pitch forum” Thursday.

Sponsored by the ArcView Investor Network, an alliance of “angel investors” that cultivates partnerships exclusively with marijuana-focused business ideas, the day-long conference at the Intercontinental Hotel in Chicago will provide a platform for about a dozen local entrepreneurs Thursday.

Participants in the Sept. 18 event were chosen from hundreds in earlier rounds of competition that culminate in the face-to-face pitch series this week.

ArcView’s 300-plus members pay an annual fee of between $2,500 and $15,000 to join the group, according to a release. In addition to connecting legal business endeavors with potential investors, the group also funds lobbying efforts to advance legalization.