Kimberly Cargile, owner of the cannabis dispensary A Therapeutic Alternative in midtown, is preparing to launch a new venture: a business accelerator in Sacramento that would help small cannabis product manufacturers get off the ground and scale to do business statewide.
The business plan calls for housing up to 30 cannabis manufacturers in a single commercial space, Cargile said. The space would be tailored to help upstart manufacturers of cannabis products — especially ones with therapeutic uses. The accelerator space would provide the businesses with a licensed facility, capital and business development services. In exchange, the accelerator would receive an equity stake in each of the startups.