CanopyVentures, a Boulder-based venture capital firm for the cannabis industry, has invested $750,000 in BDS Analytics, according to a Canopy news release.
BDS, which is also headquartered in Boulder, provides "comprehensive, actionable, and accurate market intelligence and consumer research" for cannabis firms, the release said.
"BDS Analytics has a unique ability to scale alongside the growth of the overall cannabis industry, which gives us the opportunity to invest in long-term growth," Micah Tapman, managing director of CanopyVentures, said in a statement. "As other industries take notice of the cannabis industry's growth and far-reaching impact, BDS Analytics will be their primary source of data and information about market trends, brand development, and consumer insights."