This Group Is Giving Away $50,000 To Underrepresented Cannabis Entrepreneurs
Photo Credit: Photo Credit: Eaze
On March 12, 2020, California’s cannabis marketplace Eaze will be hosting its first Momentum pitch day in Los Angeles, CA.
With minorities holding only 17% of executive positions within cannabis businesses, Eaze understands the need for large cannabis companies to step up and promote greater diversity in the cannabis space. That’s why they created the Momentum program, a business accelerator that supports underrepresented entrepreneurs in the cannabis industry. One hundred thirty-two applicants from 40+ cities across the United States applied to participate in the program in the Fall of 2019. Winners were chosen by Momentum’s advisory committee to participate in the program’s 10-week education and mentorship curriculum, which took place from November to February.
During the 10-week curriculum, Momentum’s participants received mentorship from industry-leading experts, practical tools to manage and expand their business, training in compliance best practices, and more. Each participant’s business is also partnered with an Eaze employee, giving them access to Eaze’s ecosystem of business resources, including their legal, marketing and analytics teams, and their investor, brand and retailer networks.
As part of the accelerator program, each participant also receives $50,000 to help them navigate the high costs of doing business and lay a strong foundation for future success.
At the end of the program (March 12), participants have a pitch day with investors and industry-related businesses who have the ability to open even more doors for them with additional capital.
If you’d like to learn more about why Eaze created Momentum, click here.