How Cannabis Incubators Help Budding Marijuana Startups Grow Into Booming Businesses
Three years ago, Justin Adamcyk and his friend moved from Chicago to L.A. in the hopes of breaking into the cannabis industry. Their idea was to build a business shipping edibles to patients with medical marijuana licenses. They threw down some money to get the ball rolling and then they began looking for investors. But they soon realized that they had very little idea about the regulations they were up against.
“We were just outsiders looking in,” said Adamcyk. “I think the one big take away was to focus on building a team, especially in this industry.”
In August, Adamcyk officially made his second go of it when he co-founded Ocean Goods, a L.A.-based cannabis distributor working with a variety of local products such as Bad Wizard concentrates and Mary Jane Juice. This time, though, he has a team of partners including industry experts.
“It’s a steep learning curve,” Adamcyk said....
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