Cannabis marketing platform gets $1.6M in added funding

Baker, a Denver-based software provider that links cannabis dispensaries with their customers, announced it has secured $1.6 million since an August seed round, bringing its total funding to $3.5 million.

Poseidon Asset Management, a marijuana-focused investment management firm in San Francisco, led the funding round. Other funders were chiefly existing investors, including serial entrepreneur Michael Lazerow as well as Base Ventures and XG Ventures, two venture capital firms based in California.

New Market: Once Maryland fixes problems, ample MMJ opportunities await

By Bart Schaneman

Maryland’s medical marijuana program rollout has been rife with stumbles, delaying what could become one of the largest markets on the East Coast.

Still, industry officials and regulators are working to get the state’s MMJ program on steadier footing and launched.