California cannabis distributor HERBL has experienced explosive growth since launching its services concurrently with the legalization of recreational marijuana in the state.
Between its individual growth and acquiring Nevada cannabis distributor and software company Blackbird, HERBL has seen revenue rise from $20 million to $200 million, scaling that HERBL executives believe was achieved through its partnership with supply chain solutions provider Blue Yonder and their AI-enabled product,...
Since launching simultaneously with the 2018 enactment of California’s Proposition 64 that legalized recreational marijuana, HERBL has become one of the largest cannabis distribution companies in the state, providing supply chain solutions to more than 850 storefronts and delivery services across California.
It currently provides scalable distribution software and infrastructure consisting of five licensed warehouse buildings across three campuses, utilizing more than 35 armored trucks to...
According to a recent study by New Frontier Data, 43% of the U.S. adult population will reside in the 18 states that have or are expected to have legalized recreational marijuana by 2022.
To keep up with the rising demand, the cannabis industry has turned to technology solutions providers like Dutchie and Weedmaps to handle the estimated $40 billion of transactions expected to flood the market by 2025.
Related Article: Dutchie raises $200M for cannabis fulfillment, acquires LeafLogix and...
Dutchie, a cannabis fulfillment platform, announced Tuesday it raised $200 million in Series C funding and acquired two technology providers.
The funding round was led by Tiger Global Management and included investors Dragoneer, DFJ Growth, Snoop Dogg’s Casa Verde Capital, Thrive Capital, Gron Ventures and former Starbucks founder and CEO Howard Schultz.
Past investors include Kevin Durant’s and Rich Kleiman’s Thirty Five Ventures, Sinai Ventures and Tinder’s Justin Mateen. Since the company was...