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New Cannabis Accelerator

Social impact investingCannabis incubator. Eaze Technologies Inc., the San Francisco-based cannabis delivery startup that has raised some $166 million from investors, has launched an accelerator intended to help cannabis startups raise capital and push through some of the hurdles faced by entrepreneurs in the field, like expunging a criminal record, reports WSJ Pro’s Heather Mack. Dubbed Momentum, Eaze’s accelerator is structured differently than other programs. Eaze takes no equity in the participating companies, and the entire 10-week program is conducted virtually. Ten entrepreneurs will receive $50,000 in the form of grants, which come from a separate pool of capital that Eaze has raised from investors for its own operating expenses, said Jen Lujan, Eaze’s director of social impact.

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