COLORADO: Cannabis cupcake company, Jade & Jane, broadens consumer’s choices in the edibles market with recent introduction of single serving, recreational 10mg THC-infused cupcakes. Jade & Jane’s products are available to retail customers through licensed Colorado recreational dispensaries. Wholesale dispensary customers may contact Jade & Jane to place orders. Ordering through LeafLink is coming soon.
NEW YORK: There may be only five licensed medical-marijuana companies in New York state, but that doesn’t mean local entrepreneurs are going to let them have all the fun. Selling products such as luxury weed accessories and industrial grow lights, New York startups are hoping to profit from marijuana’s legalization in a number of states.
The latest New York cannabis company to get in the game is LeafLink, a business-to-business e-commerce platform that has closed its first funding round, raising $750,000.
LeafLink is the third startup founded by Ryan Smith, 24, who grew up in Manhattan and started his first two companies while still an undergrad at Colgate University. He sold one of them, an investment management site called Trupoly, to RCS Capital last year. Co-founder Zachary Silverman recently left eBay, where he was a product manager.
Smith said he doesn’t smoke marijuana, but sees the burgeoning industry as “a once-in-a-generation opportunity.”
New York investors are beginning to realize that, he added: “Questions about whether the company was legal didn’t come up as often as I expected.”