Cannabis dispensaries’ online sales are way up, and Dutchie, which connects them to their customers, is a major beneficiary – By Connie Loizos (Techcrunch) / Aug 18 2020
Dutchie, a nearly three-year-old, Bend, Ore.-based software company focused on connecting consumers with cannabis dispensaries that pay it a monthly subscription fee to create and maintain their websites, process their orders, and track what needs to be ready for pickup, has raised $35 million in Series B funding. The capital came both new investors Thrive Capital and Starbucks founder Howard Schultz, along with earlier backers, including Kevin Durant’s Thirty Five Ventures and the cannabis-focused fund Casa Verde Capital.
The money comes hot on the heels of Dutchie’s first major round of funding — $15 million that it closed last September — and suggests that the cannabis industry has fared better during the COVID-19 pandemic than people outside the industry might imagine.
Continue to article: https://techcrunch.com/2020/08/18/cannabis-dispensaries-online-sales-are-thriving-and-dutchie-which-connects-them-to-their-customers-is-a-major-beneficiary/
