Cresco Labs, a multistate cannabis operator (OTC:CRLBF), will serve as an anchor partner in Cannabis Innovation Lab. This venture was launched by Chicago's startup house 1871 in order to encourage entrepreneurship and innovation within the city's marijuana industry. Cresco will offer technical assistance to licensees who are just starting in cultivation, product development, wholesale and retailing. "Part of CrescoLabs' efforts around social equality have always included providing capital or capital for new licensees and other forms support and technical assistance," said Chima Eyia (executive vice president of Seed), Cresco Labs social equity initiative. "The entire effort is to make Illinois a national hub for cannabis innovation and as a leading leader in the field of cannabis research and development. Betsy Ziegler CEO of 1871 stated that Chicago has been the center of the cannabis industry. It is being sought by both startups and large corporations. Cannabis Innovation Lab. The Cannabis Innovation Lab is a network of cannabis startups looking to scale up their businesses. It connects them with large companies. The Lab facilitates collaboration, mentoring, and investment opportunities. Local media reported that the first program in the industry focused on the supply chain was launched by Accenture and World Business Chicago in June. It attracted 40 companies from 13 different countries and attracted 40 early stage companies. Spiirrison hopes that it will attract both startups and established cannabis companies as well as consumer product companies. The 12-week Cannabis Innovation Lab program will begin in January. It will culminate with the Cannabis Innovation Summit, which will feature panel discussions and networking sessions. Companies in growth stages are encouraged to spend $5,000 to $15,000. Image By StartupStockPhotos On Pixabay.