Yes we cannabis

  @FortuneMagazine March 21, 2013: 4:11 PM ET
POT08 steve deangelo grow house

Jason Levin, a young engineer who lives in Berkeley, is addressing a group of 30 angel investors gathered in a long conference room at Seattle's stodgy Washington Athletic Club. Levin is hoping to persuade one or more of the people around the table to invest in the startup company he envisions, called Uptoke, in exchange for a stake in the company. He has seven minutes to make his presentation.

Levin and his team of engineers have produced prototypes of a high-tech, handheld portable vaporizer, he explains. Such devices heat cannabis (or tobacco or herbs) to the point where active chemicals are released without combustion of the plant material. The vapors are less harsh to the throat than smoke and contain few, if any, toxins.

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