Dutchie, a leading e-commerce solution for the cannabis industry, has closed a $35 million Series B funding round. In a news release, Dutchie said several high profile investors — including rapper Snoop Dogg, NBA star Kevin Durant, and former Starbucks chairman and CEO Howard Schultz, participated in the round.
Ben Larson, the CEO of Vertosa, a leading cannabis infusion technology company, believes THC and CBD-infused beverages could eventually become society's so-called seventh glass. “Our entire culture has continually developed around beverage," he said. " While infused beverages are a small percentage of the overall industry right now, it’s only because we’re in the developmental phase.”
Marijuana connoisseurs are likely aware of how long flower will typically last and the factors that contribute to the degradation of cannabinoids and terpenes. But consumers buying cannabis for the first time are likely less familiar with shelf life expectancy. A desire to deliver fresher marijuana products to consumers is what drove Vireo Health to develop new packaging technology.
Greenbox bills itself as “the first fully automated CBD kiosk,” a 6-foot-tall, highly technical piece of machinery that founder Zack Johnson is producing domestically. Customers are greeted by a large touchscreen and an array of products arranged into lifestyle categories such as “Drift and Dream” and “Release and Recovery.”