Cannabis CRM Platform Baker Secures $8 Million In Series A Funding

This year alone, the company grew its staff from 18 to more than 50 full time employees, making Baker one of the largest tech companies in the industry.

COLORADO:  Baker, a leading software platform for marijuana dispensaries and brands, announced that it has secured $8 million in Series A funding, bringing its total amount of capital raised to $11.75 million. The round was led by Poseidon Asset Management, a VC firm that specializes in cannabis.  The raise will fuel the company’s rapid growth. Baker recently acquired Seattle-based Grassworks, the industry’s second Read the full article…

Pitching Marijuana Startups Brings New Meaning To High Tech

Since Colorado and Washington first voted to legalize recreational marijuana use in late 2012, the legal cannabis market has grown from $1.5 billion in 2013 to $2.7 billion last year, according to industry estimates. That kind of velocity gets the attention of investors, many of whom focus on tech.

CALIFORNIA: Investing in a social network closely tied to a booming industry sounds great, until Apple kicks the thing you invested in out of the App Store because the platform is all about marijuana. It’s one of the many things that can happen when two of the fastest growing industries in America come together, as is Read the full article…