$1.5M in Venture Capital for Marijuana Delivery Company

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Eaze Solutions LLC, which provides a high-tech marijuana delivery service, has reportedly raised $1.5 million to expand outside of San Francisco to other California cities.

The company secured some of the financing from 40 angel and institutional investors in Silicon Valley participating in a syndicate launched by Fresh VC on crowdfunding site AngelList, according to the Wall Street Journal.

Eaze, which already provides its own free app on the web, is negotiating with Apple Inc. and other mobile-technology companies on whether a medical marijuana delivery app will be made available on popular app marketplaces. Eaze makes money by charging dispensaries a lead-generation fee once transactions are completed, the Journal reported.

Delivery services are burgeoning in some areas of California, even though they fall in a legal gray area.

Eaze, which launched its delivery service in July and had the ability to deliver marijuana to 500 people in its first two weeks of operation, is linked with SPARC (San Francisco Patient and Resource Center), a dispensary that grows and sells medical cannabis.

Eaze is aiming to deliver within 10 minutes after ordering from its mobile app. The company – dubbed by some as the “Uber of pot” – has a goal of expanding outside of California in states where medical marijuana is legal, the WSJ said.