10 Cannabis Tech & Food Startups That You Should Know About–Angelica’s Insight.
The cannabis industry is a hot topic for discussion, and the marketplace is anticipated to reach $146.4 billion by the end of 2025.
Welcome to Angelica’s Insight (a separate commentary within Insights Limited), where I tell you my thoughts on everything imaginable because, well, I’ve just got too much on my mind!
The cannabis industry is a hot topic for discussion, and the marketplace is anticipated to reach $146.4 billion by the end of 2025. It is no wonder, then, that 2019 has seen the rise of some of the most innovative cannabis companies yet. In today’s insight, we’ll explore 10 cannabis food/beverage/tech Startups that are currently working up a storm.
LA-based Cann is an innovative weed and THC infused beverage Startup, which has raised $1.5 million in funding. According to TechCrunch, “The beverages come with a 2 milligram dose of THC and 5 milligrams of CBD per can.”
LeafLink is an e-commerce marketplace for the cannabis industry, and has recently secured $35 million Series B round of funding. According to the company itself, LeafLink raised “the largest tech B round in the cannabis industry.”
With so many people looking to tap into the cannabis industry, Vangst decided to come around and create a platform meant just for recruiting marijuana talent. If you’re a marijuana entrepreneur looking to expand your operation, I’d take a look at Vangst for assistance.
California-based Canndescent is transforming marijuana into an upscale experience, claiming to be “ the #1-selling flower brand for luxury cannabis.” According to New Cannabis Ventures, the company plans to “Invest $25.8 million to expand operations to Nevada, Michigan and Massachusetts.”
Another Cannabis-infused beverage Startup worth mentioning is Recess, a weed seltzer beverage, which Fast Company so cleverly dubbed as “The LaCroix of cannabis.” Over the past year, the company has expanded from strictly e-commerce into the brick-and-mortar realm.
Leafly is like a command center for weed. It has all the details about every single strain of marijuana that you could possibly imagine, and can tell you where the cannabis dispensaries nearest you are located.
POSaBIT is a Point of Sales (POS) system powered by blockchain technology, which has expanded into the cannabis business, experiencing tremendous success.
8. Phylos Bioscience
According to the company’s own website, “Phylos is a new kind of agriculture company filled with the next generation of plant scientists. We’re transforming the cannabis industry with unparalleled data, technology, and expertise.” Recently, Phylos Bioscience has been wrapped-up in controversy over its new in-house breeding program, as participants claim that the company has been taking credit for the harvests of growers.
HelloMD is a place for patients to connect with cannabis medical professionals. Here, patience can receive advice and recommendations from doctors regarding marijuana for health.
10. House of Saka
And last but not least, House of Saka elevates luxury marijuana consumption to a whole new level with its CBD-infused rosé. Just look at how fancy that bottle is!
The Cannabis Startup Industry is massive, and only continues to grow. We can expect an onslaught of new companies to appear this year––and perhaps some unicorns too!
And that wraps up today’s insight! Be sure to give this article a clap and subscribe to the magazine so that you can always stay up to date with whatever’s on my mind.