Cannabis retail tech startup Dutchie valued at $1.7B after raising $200M

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contacted.org/cannabis-retail-tech-startup-dutchie-valued-at-1-7b-after-raising-200m/

Dutchie co-founders Ross Lipson, left, and his brother Zach Lipson. (Dutchie Photo)

Dutchie, the Bend, Ore.-based creators of an e-commerce platform that helps cannabis dispensaries facilitate online orders, has raised $200 million in new funding at a $1.7 billion valuation.

The fresh cash comes on the heels of a $35 million round raised in July, when the company was valued at $205 million, according to PitchBook.

Dutchie is seeing big growth, riding tailwinds from a cannabis industry that has surged amid the pandemic. The startup is also benefiting from an increasing number of U.S. states legalizing marijuana.

The company

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By: contactedorgTitle: Cannabis retail tech startup Dutchie valued at $1.7B after raising $200MSourced From: contacted.org/cannabis-retail-tech-startup-dutchie-valued-at-1-7b-after-raising-200m/Published Date: Tue, 16 Mar 2021 21:40:50 +0000

https://contacted.org/cannabis-retail-tech-startup-dutchie-valued-at-1-7b-after-raising-200m/