As the cannabis space slowly moves out of the grey area, the market infrastructure is struggling to keep up. With decades spent under the status “illegal”, the cannabis industry still lives in the paper age – but the rest of the world does not.
During the past couple of years we’ve seen a variety of canntech (cannabis technology) startups emerge on the market, with a lot of attention paid to delivery and logistics services. In the countries where either medical or both medical and recreational cannabis is legal, the demand for fast and secure cannabis delivery is rising, as not everyone is willing or able to stop by a local dispensary every time.
The industry specificity of the space is defined by a huge number of small producers and retailers with only a handful of bigger chains, which makes it pretty hard for a customer to find new products and order them in a convenient way.
In this article, we are taking a look at the companies who are providing their solution and competing for the status of the legal “Uber for cannabis”
Eaze
Country: USA
Segment: B2C
Founded: 2014
Capital raised: at least $37 million
Medical cannabis delivery app and marketplace that connects local dispensaries and consumers. The technology platform is created to give a hand to cannabis entrepreneurs and clients, providing them with legal delivery services.
According to the documents provided by Eaze as a part of a new funding round, the startup aims to sell roughly $412 million worth of cannabis in 2020 – which, however, is less that the estimates previously provided by the company.
Website: https://eaze.io
Cann2Go
Country: Israel
Segment: B2B, B2C
Founded: 2015
Capital raised: unknown
SaaS platform that provides the “last mile delivery of medical cannabis” to the patient.
Especially in jurisdictions where recreational cannabis is illegal, full transparency, accounting and customer safety are the priorities. Cann2Go is tackling these issues, answering to them by a cost-effective and secure delivery service.
In January 2019 the startup joined iCan (Israel Cannabis) startup incubator that facilitates international cooperation across the cannabis industry.
Website: https://www.cann2go.com
Dutchie
Country: Canada
Segment: B2B, B2C
Founded: 2017
Capital raised: $15 million in Series A funding lead by Gron Ventures. Other backers include Snoop Dogg’s Casa Verde Capital, Thirty Five Ventures, Sinai Ventures and individual investors.
E-commerce platform that aggregates local dispensaries and allows customers to choose cannabis products and order them for pickup and delivery. Dutchie does not deliver cannabis itself due to legal reasons, only providing the convenient online marketplace.
As of September 2019, Dutchie reported being used by 450 dispensaries across 18 states, reaching $140 million in gross merchandise volume.
Website: https://dutchie.com
Wayv
Country: USA
Segment: B2B, B2C
Founded: 2017
Capital raised: $5 million in seed by Craft Ventures’ David Sacks
“Dynamic Distribution platform” created by Eaze founder Keith McCarthy to connect brands, retailers and distributors to streamline cannabis supply chain logistics. What is important, the solution is designed to automatically do compliance checks for all counterparties according to federal, state and local laws.
The platform also allows companies to provide third-party delivery services to other brands.
Website: https://wayv.com
CEO at Stobox. Serial entrepreneur. Investor. 25+ years in IT Development and entrepreneurial experience. International background. Focus on technologies, stocks and crypto trading platforms, Web 3.0.