It had to happen. Gateway is the first incubator/accelerator for cannabis startups. It will operate out of Oakland, CA’s Oaksterdam neighborhood and will do typical accelerator things like helping out with administrative issues, taking a small equity stake in exchange for cash (although less cash than traditional tech accelerators–$30,000 vs. $100,000-120,000), provide a temporary home, and so on. An interesting difference will be their offering legal and regulatory help, which is of course a key issue in the marijuana industry.
By: JP Clement