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Marijuana Industry Incubator Helping Entrepreneurs


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Marijuana Entrepreneur

Entrepreneurs in the legal marijuana industry have many difficulties and concerns – finding a bank, credit card processor, landlord – uncommon for typical entrepreneurs. Even the startups that don’t physically touch marijuana are faced with these obstacles because of federal anti-marijuana laws. But these unique obstacles are producing unique incubators that cater specifically to marijuana industry entrepreneurs.

Incubators like Denver-based Green Labs Denver, a nearly 40-desk incubator and co-working office space for marijuana businesses, is helping entrepreneurs to overcome and adapt to industry challenges. A few of Green Labs’s current entrepreneurs are focusing on marijuana apps, tourism, and retail products.

“We’re all facing the same legislative hurdles,” said Green Labs’s co-founder.

Along with providing free office space, business services and guidance for entrepreneurs, Green Labs sometimes makes equity investments of $30,000 to $250,000 for startups with high potential.


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Arizona legalized marijuana for recreational use in November 2020. The law allows adults aged 21+ to purchase, possess and use cannabis. State-licensed cannabis dispensaries began selling recreational marijuana in early 2021. There are over 150 dispensaries in Arizona — a majority of them are in populous areas such as Phoenix, Tucson and Flagstaff. Recreational cannabis delivery services began operating in 2024.  


AZ Cannabis Updates