Companies
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Dutchie
Consumer & E-commerce
Dutchie is an Oregon-based e-commerce and point-of-sale software platform built specifically for licensed cannabis dispensaries and retailers.
$454M
+$3.56
2,188.25%
30 days ago
$0.16
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Dutchie was founded in 2017 by Ross Lipson, Zach Lipson, and Nate Ferguson, based on the observation that the legal cannabis retail industry, which has grown rapidly as more U.S. states have legalized cannabis for medical and, in many cases, recreational adult use, faced a distinct set of technology and compliance challenges that mainstream e-commerce and retail point-of-sale platforms were not built to handle, including strict state-by-state "seed-to-sale" regulatory tracking requirements, restrictions on cannabis advertising across many mainstream platforms, and payment processing challenges given cannabis's continued status as a federally illegal controlled substance despite state-level legalization in many jurisdictions. Dutchie's platform provides both an online ordering and menu system that lets consumers browse a dispensary's available products and place orders for pickup or delivery where legally permitted, and point-of-sale software that dispensary staff use to process in-store transactions while maintaining the detailed regulatory compliance tracking that cannabis retailers are typically required to maintain, documenting the movement of cannabis products from cultivation through retail sale to satisfy state regulatory requirements. The company grew rapidly alongside the broader expansion of legal cannabis retail across the U.S. and Canada, becoming one of the more prominent cannabis-specific technology platforms serving thousands of dispensaries, and it built integrations with various state-mandated cannabis tracking systems that differ from state to state given the lack of federal legalization and correspondingly fragmented regulatory landscape. Dutchie has navigated the broader challenges facing cannabis-focused technology and ancillary businesses, including the industry's continued difficulty accessing mainstream banking and payment processing services due to cannabis's federal legal status, as well as a broader slowdown and consolidation in cannabis retail technology funding following the sector's earlier period of rapid growth and investor enthusiasm. The company has raised substantial venture funding from investors including Tiger Global, Thrive Capital, and Dragoneer Investment Group, reaching unicorn status at its peak valuation.
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