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CANNATECH INVESTING HEATS UP

In recent months, investors have been ????rushing into canna-tech start-ups like Dutchie, an e-commerce platform for dispensaries, ($35M, Series B), marketing tech company Fyllo, ($10M on top of a previous $16M Series A) and marketing platform Springbig ($11.5M, Series B).
Business Insider

  • Overall, however, cannabis VC investing is way down from 2019.
  • Business Insider spoke to six prominent cannabis VCs about ????what they’re looking for in deals. The short version, they’re shifting to larger companies with proven track records.
  • MJResearchCO founder Mike Regan said companies with specific plans for the money they want to raise will have much more success.
    MJBiz
  • Canna Law Blog looks at what the SEC’s new rules for accredited investors mean for cannabis.

Quick Hits

  1. A judge ruled against MSO Columbia Care in an IP dispute, part of ongoing litigation involving a contested Florida MED license.
    WeedWeek
  2. MedMen received another $20M loan with tough terms attached.