The ‘Costco of cannabis’ raises $2.8 million for a membership weed delivery service

Weed may be legal in California, but the black market is still the top spot for buyers looking for bud on a budget. Flower Co. graduated from Y Combinator’s latest class on the promise that they could cut customers better deals by focusing on partnering with growers directly to create their own house brands while […]

Cannabis processing startups hope to unlock new chemicals and treatments

Jeff Ubersax knows yeast. The chief executive officer of Demetrix studied yeast genetics and biochemistry in school and was an early employee at Amyris Biotechnologies, a technology company that was using fermentation to make biofuels back in the early days of the first clean technology boom back in 2008.  Now, the same technology that Ubersax […]

Demetrix raises $50 million to brew cannabis

With skyrocketing demand for consumer products and renewed research into its medicinal value, cannabis is having a moment. The quasi-legalization of marijuana created a gold rush for the industry, and startups like Demetrix are reaping the benefits. The company, founded by the famed U.C. Berkeley researcher Jay Keasling and helmed by former Amyris executive Jeff […]

Agtech startup Agrilyst is now Artemis, raises $8M Series A

Artemis, the agtech startup formerly known as Agrilyst, today announced that it has raised an $8 million Series A funding round. The round was co-led by Astanor Ventures and Talis Capital, with participation from iSelect Fund and New York State’s Empire State Development Fund. With this, the company, which won our 2015 Disrupt SF Battlefield […]

Where cannabis investors see the next big wave? In precision dosing

Women and seniors are joining the cannabis movement, and that’s presenting new investing opportunities, according to a panel of cannabis investors we interviewed several days ago at an event organized by the cross-border venture firm DCM. Specifically, they say, expect to see an uptick in products of all types that make it easier to consume […]

Cannabis banking reform is smart, necessary and politically viable

Aaron Smith Contributor Pressure is steadily mounting on U.S. lawmakers to implement comprehensive cannabis banking reform at the federal level, and that pressure is coming from all directions. Rapid shifts in public opinion and a rising number of states with legal medical and adult-use cannabis sales have laid bare an obvious need to update our […]

Cannabis startup Caliva raises $75M from former Yahoo CEO Carol Bartz and Joe Montana

San Jose cannabis company Caliva is proving that weed’s still hot, even as some markets cool off. The company is announcing a $75 million round of investment that includes participation from former Yahoo CEO Carol Bartz and football legend Joe Montana . If that pair seems unlikely, it just goes to show that cannabis attracts […]

Eaze co-founder Keith McCarty raises $5M for his new B2B cannabis startup

Keith McCarty couldn’t stay out of the booming weed business for long. The co-founder and former chief executive officer of the well-funded marijuana delivery startup Eaze has launched WAYV, a B2B cannabis logistics and compliance platform that delivers inventory to cannabis retailers. Today, the company is announcing its first round of funding, a $5 million […]

Metrc, whose tracing system helps regulators track cannabis from seed to sale, just raised $50 million, including from Tiger Global

A growing number of states has legalized retail marijuana sales, but ensuring that everything works as advertised is no easy task. Among the many things that regulators have to concern themselves with are granting licenses to dispensaries, retail sales, delivery, distribution and ensuring marijuana has been tested for pesticides and other materials before it hits […]

Media startup Prøhbtd raises $8M to help bring cannabis to the mainstream

Prøhbtd, a startup that CEO Drake Sutton-Shearer said is designed to “build a bridge” between the cannabis industry and mainstream culture, is announcing that it has raised $8 million in Series A funding. It’s not the only cannabis-focused digital media company out there; I wrote about the initial funding for Herb last year. But Sutton-Shearer argued […]