Bay Area-based app Eaze is set to become the country’s largest delivery service after announcing it will acquire Green Dragon, a Colorado retailer which also operates in Florida. Deal terms were not disclosed.
- The deal marks a remarkable turnaround for Eaze, which is becoming a significant national player after almost running out of cash before the pandemic.
- The company also got a boost several weeks ago when Apple opened the iPhone app store to shoppable cannabis apps.
- With Green Dragon’s growing position in Florida’s MED market, it gives Eaze a chance to compete hard against Trulieve, the market leader, where only 4% of sales are delivery.
- Eaze should also be able to quickly win market share in Colorado, which only started to allow delivery weeks ago.
- The combined company will compete for top 10 revenue status, among MSOs.
- Leafly is suing Florida to resume handling pre-orders for operators through its e-commerce platform. In the suit, it argues that it “is not involved in the purchase, sale or storage of marijuana.”
- While many pot shops still don’t have bank accounts, investment banks are cashing in on cannabiz M&A.
Advocates launch Florida 2022 REC push
Florida legalization supporters are making another attempt to get REC on the 2022 Florida ballot.But there's a catch: The proposed constitutional amendment, which has been approved for signature gathering, would not allow retail sales. Marijuana MomentThe effort by a group called...
Calif. retailer sues state for abetting illicit market
A California retailer is suing the state alleging regulators have allowed criminal to win distribution licenses and divert "untold millions of pounds" of weed to the illicit market. MJBizIt alleges these operators buy huge amounts of legally-grown wholesale product and sell...
Woman charged for cannabis use during pregnancy appeals
A woman put on Arizona's child abuse registry for 25 years for using cannabis during her pregnancy appealed her case last week. Washington PostDuring her pregnancy, Lindsay Ridgell, who then-worked for the Arizona Department of Child Safety(DCS), had been hospitalized twice...