Cannabis Tech Startup Raises $225K

A Denver-based cannabis technology firm has raised $225,000 from investors tied to The ArcView Group.

The company, called CannaBuild, creates an “online budtending experience” by allowing dispensary and retail operators to provide real-time information on strains and product availability to customers via a website and smartphone application. The application uses video chat or text chat.

Customers can also arrange for in-store pickup at their desired time with the app.

The company’s CEO and co-founder Zach Marburger said his app provides a “secure environment where users can get answers.”

The company is the latest firm to step into the crowded smartphone application market. But it could become a competitor to popular cannabis tech companies WeedMaps and Leafly, which both provide dispensary locations, product menus and strain information.

Marburger has brought on Denver Relief founder Ean Seeb as an industry adviser, and Chris Gilder, CEO of Meridian Kiosks, as a software adviser. The firm will be the presenting company at the ArcView Group’s June 23rd investor conference in Denver.

4 comments on “Cannabis Tech Startup Raises $225K
  1. Florida MMTC Institute on

    Entrepreneurship abounds! It is great to see how technology/VCs can be integrated into this industry, and hopefully it will open the doors for more creative solutions at the dispensary/retail level and beyond. floridammtc.org

    Reply
  2. Marisa Rudder on

    We need to have more stories about Medical Marijuana and the people it has helped on mainstream media and more TV news shows. Technology companies diving into the industry and moving it forward is a step in the right direction.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *