Canopy begins 10-company, 16-week accelerator program

BOULDER — Canopy, a Boulder-based venture fund and business accelerator for companies developing ancillary products and services for the legal cannabis industry, is kicking off its Spring 2017 Class of startups on Wednesday.

Ten startups are taking part in the 16-week accelerator program. Thebusinesses range from geo-mapping technology to help consumers find the best value on cannabis products, to vending machines that use facial-recognition technology to securely identify consumers.

Each of the companies receives $30,000 in seed funding from Canopy, with a chance to earn an additional $50,000 in funding later in the program. In return, Canopy receives an equity stake in…