Nov 17th, 2016 – Seattle Angel Conference X – Episode 9 of 12
Bob Crimmins, the emcee of the tenth Seattle Angel Conference, introduces David Busby, the Founder of WeedTraQR, a regulatory compliance software for the cannabis industry.
David explains the decriminalization history of marijuana and how it’s transition into recreational use has created a need for farmers, processors, distributors and labs to manage and control their inventory in order to comply with state regulations. David introduces the team members of WeedTraQR and how they are gaining traction in their market with over a hundred farms using their system and explains how they plan to expand their business over time.
Jigar Mody, the SAC Due Diligence Lead, comments on what they discovered in their due diligence process. Jigar asks about the regulatory risks that are involved in the marijuana industry and David explains how the state agencies tend to operate and how WeedTraQR plans to evolve with any changes.
WeedTraQR is one of six Finalists that have endured a twelve week elimination process for an investment by the Seattle Angel group. Each Finalist has ten minutes to make their final presentation before an audience of angel investors which is followed up by a five minute Q & A session with their Due Diligence Lead.
After all the Finalists have made their presentation, the angel investors deliberate and vote on which business they will invest their time, money and energy into growing.
For more information visit: www.SeattleAngelConference.com.