Business Money News

Pot Delivery Company Dutchie Raises $3M

Dutchie, the marijuana delivery service launched by Ross Lipson, has raised $3 million in venture funding.

According to a report citing the company, the funding came from Casa Verde Capital, which is a $45 million venture firm that was founded by hip-hop star Snoop Dogg. Funding also came from Durant Company, as well as other unnamed investors.

“We’re creating a tool that helps the user and consumer navigate the delivery space,” Lipson told the publication in an interview. “We’re educating the consumer to that buying experience … If you don’t have that online ordering tool in front of you, you’re forced to choose a dispensary and take the information that that ‘budtender’ gives you, which is their personal preference.”

According to the report, there isn’t currently a leader in the pot delivery industry. Los Angeles, for one example, has several services including Nugg, ganjarunner, Kushfly, Eaze, HERB, Westside Organic and Cannabis Express. All of them provide delivery services for pot, cannabis-infused items, oils and vapes. Eaze, which is reportedly the largest startup in the space, raised $37 million and potentially more since launching back in 2014.

Lipson isn’t deterred by all the competition. Since launching Dutchie in 2017, the company has been slowly growing the business, recently signing on 50 dispensaries in Oregon. The $3 million in venture funding further legitimizes its growth.

To Read The Rest Of This Article By Staff on PYMNTS

Click Here

Published: September 24, 2018

Founder & Interim Editor of L.A. Cannabis News

SHARE
RELATED POSTS
GrowLife, Inc. Adds Los Angeles Retail and West Coast Fulfillment Center
O’CannaBiz in Vancouver
Dr. Robb Farms Leads $24 Million Investment to Build Out 3 Greenhouse Cannabis Complexes in California

Leave Your Reply

*