Apple Just Ended the Marijuana Industry As You Know It – Tech and Traffic are Now More Valuable Than Cannabis Itself
Written by on August 20, 2021
The big fish are supposed to gobble up the small fish in business. The big publicly traded cannabis companies have all the cash and equity to do billion-dollar deals, so how is a relatively small tech and delivery company swimming upstream and buying an MSO? One, it tells us investors are shifting their value proposition from “let’s invest in dispensaries” to “let’s invest in technology that can deliver and create cannabis orders on the cheap, hence creating a moat around margins”. EAZE recently raised $35 million in order to facilitate this buyout.