Denver-based MJ Freeway, a point-of-sale system and government traceability software provider for the cannabis industry, has completed a $10 million raise.
Here’s what you need to know:
- MJ Freeway plans to use the funds for technological build-outs focused on new product features for businesses and governments, according to the release.
- The tech company has clients in 23 states and the District of Columbia in the U.S. as well as Australia, Canada, Europe, South America and Switzerland.
- MJ Freeway provides the seed-to-sale tracking system for Washington state and Pennsylvania.
- Last May, Cresco Capital Partners began a $50 million fund to invest in cannabis companies.