Marijuana data firm announces $2.5 million capital raise

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One of the cannabis industry’s leading sales data firms announced Wednesday it has secured $2.5 million in private funding to expand its product line.

Seattle-based Headset, which specializes in business intelligence for marijuana-related companies, revealed that it has partnered with Arizona-based Hypur Ventures, a venture capital fund, and Salveo Capital, an Illinois-based private equity fund, to bolster its services for clients in the cannabis trade.

Headset did not specify what exactly it intends to use the $2.5 million for, but according to a news release, the funding “will help close the information gap that has hampered companies in this emerging industry.”