It may seem strange that California’s first cannabis business incubator just launched, but better late than never.
Based in Oakland and founded by two technology veterans, Gateway Inc. seeks to nurture both ancillary firms and companies that handle the plant, such as growers, dispensaries, and extractors.
To get into the four-month Gateway program, applicants must at least have a prototype of the product or service they want to offer. The founders, Ben Larson and Carter Laren, are most interested in companies that have the best chances of increased scalability, while entrepreneurs who are still in the idea stage are discouraged from applying.
The incubator is backed by the Newport Beach-based marijuana investment incorporation MJIC, Inc.