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Entrepreneurs gather in Southern Nevada to pitch pot products to investors

As more states like Nevada legalize marijuana, the industry is teeming with new ideas and innovative products. On Monday, cannabis entrepreneurs gathered at the M Resort in hopes of landing big investors. (KSNV)

As more states like Nevada legalize marijuana, the industry is teeming with new ideas and innovative products. On Monday, cannabis entrepreneurs gathered at the M Resort in hopes of landing big investors.

Dozens of entrepreneurs pitched cannabis products, ideas, and inventions, all to break into the multi-billion dollar business. They’re searching for seed money.

Bloomboss CEO Chuck Siegel pitched the concept of “The Flower Factory” to a group of investors. The new approach to the home appliance is designed for the cannabis user who wants to grow at home.

“We want to provide a product that’s one-stop shopping so they can take it out of the box and grow it,” said Siegel.

The Flower Factory is just one of countless new products aimed at the budding new industry. Other vendors displayed robotic trimming machines and new approaches for packaging.

For example, Canna Bliss is a pack designed with a nitrogen seal to improve and lengthen shelf-life of marijuana flower.

Jeanne Sullivan is a longtime tech investor but now she’s weeding through the new marijuana market.

“The market is exploding with opportunity,” said Sullivan, who is part of Arcview – a group of investors focused entirely on funding cannabis companies. “The industry is already more than a $7 billion legal industry contrasted with a $50 billion black market, that's what we want to change.”

As more states like Nevada move forward with the marijuana movement, Siegel said innovation and investment are crucial.

“If there wasn't this kind of forum I think the industry would be set back quite a bit,” said Siegel.

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