First-of-its-kind Incubator Helps Pot Startups Grow
A new business accelerator is helping startups find their way in the new legal pot market. Canopy, a Boulder-based incubator for pot entrepreneurs, is the first of its kind, reports CBS News correspondent Barry Petersen.
Nearly a year and a half after recreational pot became legal in Colorado, there are now 550 retail stores, with dozens of big players, and even the business of marijuana can use a boost from some seed money.
English-born Harvard MBA graduate Roy Bingham, who worked in the banking industry, moved from Rhode Island to Boulder, Colorado, to be in the prime spot for a new venture.
He plans to analyze and sell sales data so pot shops know what's hot and what's not.
To get his new business launched, he turned to Canopy. Their one rule is that the companies they help do not sell pot, but pot products, which means they aren't breaking...
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