Marijuana tech company MJ Freeway nets $3M in financing

A day after winning Pennsylvania’s medical marijuana seed-to-sale tracking contract, MJ Freeway said Friday it has received $3 million in Series B extension financing.

The financing – which comes from existing investors Tao Capital Partners, based in San Francisco, and venture capitalist Roger McNamee – brings to $11 million the amount of money Denver-based MJ Freeway has raised in its Series B round, according to a news release.

The money will fund market expansion, the company said.

On Thursday,  the Pennsylvania Department of Health announced a five-year, $10 million deal in which MJ Freeway will supply seed-to-sale software to monitor the state’s pending MMJ program.

The back-to-back announcements are a sign that MJ Freeway has regained its footing after a systems crash in January affected hundreds of cannabis retailers. The company has attributed the incident to a hack.

Daily News | Ancillary Marijuana Companies | Briefs | Sales, Funding & Banking News


  1. Jane April 24, 2017
  2. Mickey April 24, 2017
  3. Andrew Collier April 24, 2017
  4. Peggy April 25, 2017

Leave a Reply

Your email address will not be published.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

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.