Eaze this week announced significant plans to expand into one of the U.S.’s largest cannabis delivery services. One of the original on-demand cannabis delivery services, the Bay Area-based company is set to acquire cannabis retailer and cultivator Green Dragon, which operates in the hot markets of Colorado and Florida. Combined with existing operations in California and […] …
Early last year, excitement over the burgeoning marijuana market was palpable in Silicon Valley, with a small number of venture firms composing their very first checks to cannabis-related startups. Among them is the cross-border endeavor firm DCM, which even hosted an “inaugural” marijuana “tech top” in May 2019 that drew numerous investors that discovering a […] Cannabis VC Karan Wadhera on why the industry, which took a hit last year, is now quietly blazing …
The COVID-19 crisis is creating an untold amount of unpredictability through every organisation sector, but for cannabis startups, it’s intensifying an important market that was currently in decline. TechCrunch spoke to Schwazze CEO Justin Dye following his business’s recent rebrand. He joined the company when it was Colorado’s Medicine Man Technologies (MMT) in late 2019 […] The cannabis market is experiencing a correction after a period of fast growth. According to Color, there are several things CEOs of cannabis business of every size must work toward. His guidance echoes what TechCrunch has heard in other verticals, as well: During the COVID-19 crisis, marijuana companies should hunker down and lean on strong groups to weather the storm. …
It’s a ruthless time for cannabis start-ups. I’m hearing some are raising at 1/5th of their 2019 appraisal amidst widespread competition, high taxes, and sluggish legalization. The struggles for marijuana’s best-known startup, shipment service Eaze, continue as today it’s losing among its leading partners. $75 million-funded weed brand name empire Caliva has actually dropped Eaze in […] The plan for Eaze was to verticalize, purchasing and developing brands that it could sell through its existing delivery service to up its margins. Now it’s seeing former partner Caliva do the reverse, releasing a delivery service to sell its own Enjoyable Uncle, Deli, and Caliva brand names as well as disperse other vape, edible, and flower brands like Dosist and Kiva. That’s why most shipment services can’t accept credit or debit cards, or do so through questionable legal workarounds that have actually led payment suppliers to be sued. 400-person Caliva is now attempting to raise a Series B, but might experience tough headwinds with shelter-in-place orders in effect in states where marijuana is legal. The battles for marijuana’s best-known start-up, shipment service Eaze, continue as today it’s losing one of its top partners….
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