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News August 31, 2020

Dutchie received $35m to improve cannabis experience

Dutchie, a company selling marijuana online for the legalized markets, founded by Ross Lipson, Samuel Ellis, and Zach Lipson in July 2017 with the first 3 dispensaries in Bend, Oregon, where their HQ is currently located with 102 employees, serving 1300 stores in 32 markets (that’s 10% of the Global legal cannabis market), and processing around 75,000 orders per day, molded $35m during Series B from Thrive Capital, Casa Verde Capital, Thirty Five Ventures, Gron Ventures, and Howard Schultz, totaling $53m of investments. These days they processed their ten millionth order since the beginning, and their business model seems to be prosperous.