Backed by Howard Schultz, Kevin Durant and Snoop Dogg, Ross Lipson’s e-commerce platform claims more than 40% of the market and doubled its valuation last year to reach $3.8 billion. But as legalization spreads, its business could go up in smoke. Excited by a way to invest in the cannabis industry—without directly investing in a still federally illegal drug—investors jumped in. Snoop Dogg’s venture firm, Casa Verde Capital, led a $3 million seed round in 2018. Two years later, Josh Kushner’s Thrive Capital, NBA star Kevin Durant’s fund and billionaire and former Starbucks CEO Howard Schultz bought in. In March 2021, Dutchie raised $200 million in a Series C, led by Tiger Global, which has backed companies such as Peloton, Roblox, Spotify and Juul. The investment made Dutchie a cannabis unicorn, valued at $1.7 billion.
Dutchie: The Multibillion Dollar Company Poised To Become The Shopify Of Cannabis | Forbes
Cannvalate is a group of medical doctors and leaders in the medical cannabis industry. Based in Melbourne, we love to help patients to access products...
Medical Cannabis / Featured
Bud Champion is a respected supplier of cannabis seeds. We take pride in offering a variety of cannabis seeds carefully selected from brands and breeders....
Seed / Featured
Autoflowering Cannabis Seeds is dedicated to selling the highest quality cannabis seeds with the best genetics. Our site focuses on the best medical cannabis strains,...
Seed / Featured
Established in 2012 The Vault have risen to become the best known and trusted cannabis seed shop in the world. We are passionate about delivering fanatical...