Botany Report 🌳 @BotanyReports

Quick hits on the most interesting stuff going on in cannabis startups. Brooklyn, NY Joined July 2021

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Botany Report 🌳 @BotanyReports

4 years ago

Daily reminder that we are still in the first leg of the #cannabis race. Recreational adult use only legal in 42% of States. 🚀🌳

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Botany Report 🌳 @BotanyReports

4 years ago

Did you know the former CEO of Wrigley Guy invested $65m into a Cannabis Retailer in 2018. By 2022, it was on pace for $600m+ in total sales. Then, a SPAC in partnership with Scooter Braun imploded. And now … he’s getting suit by investors for fraud. #cannabis

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Botany Report 🌳 @BotanyReports

4 years ago

Kore Compliance uses a contemporary payment alternative to cash or cashless ATMs to modernize retail cannabis. This is the kind of NECESSARY cannabis infrastructure benefiting the industry.

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Botany Report 🌳 @BotanyReports

4 years ago

Who are the best, most innovative cannabis startups out there? (Looking for companies building the infrastructure / tools - not the growers or brands.)

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Botany Report 🌳 @BotanyReports

4 years ago

There were 15,605 applications for cannabis retail licenses in CT. The state will be issuing 12 licenses, half reserved for social equity applications. Does this feel adequate? #CannabisCommunity #cannabisnews

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Kevin Carrillo @KevinLCarrillo

4 years ago

Did Biden just address the opioid crisis without mentioning Cannabis?

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Botany Report 🌳 @BotanyReports

4 years ago

The energy of #cannabis startup founders is just different. There is a drive toward a more equitable future that simply doesn’t exist in other sectors.

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Botany Report 🌳 @BotanyReports

5 years ago

The mainstream still doesn't associate cannabis use with socializing the same way we do with alcohol consumption. The arrival of consumption sites (i.e. weed cafes) in places like New York City will QUICKLY change this perception.

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Botany Report 🌳 @BotanyReports

5 years ago

Some #cannabis stats The alcohol industry is projected to hit annual sales of $735B in 2025 (CAGR of 8%) & the cannabis sector is projected to hit $160B in the same timeframe. Meanwhile, 63% of Gen Z say they use cannabis more than alcohol and 19% say they never drink.

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Botany Report 🌳 @BotanyReports

5 years ago

How much will we see non-cannabis startups break into the space via acquisitions in 2022? @CovaSoftware, a POS for cannabis dispensaries, had raised $29m and was just acquired by @Waitrapp, a NON-cannabis, restaurant delivery app.

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Botany Report 🌳 @BotanyReports

5 years ago

Shockingly few startups are focused on hiring across the cannabis industry. The big player in the space is @vangsttalent Who else?

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Botany Report 🌳 @BotanyReports

5 years ago

There are definitely #cannabis #startup segments that are overcrowded and will see significant consolidation in the years ahead. 2 big ones: 👉Point-of-Sale (POS) solutions 👉Cannabis Delivery services

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Botany Report 🌳 @BotanyReports

5 years ago

What are the critical pieces of #cannabis infrastructure still needed? The startup ecosystem has exploded over the last couple years with improvements in POS, delivery, supply chain management, and more. Still a lot of opportunity out there!

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Botany Report 🌳 @BotanyReports

5 years ago

In 2022, we should fully expect the merging of 2 trendy sectors: Cannabis ❤️ Web3

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Kyle Sherman @KyleSherman

5 years ago

I love the US cannabis industry. What a wonderful grassroots community we’ve built over all these years. We need to step back and celebrate our progress together.

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Botany Report 🌳 @BotanyReports

5 years ago

Alaska has more cannabis retail shops per capita than any other State in the US. This is driven by the fact that there is NO cap on licenses in the State with a total of 140-150 locations total. #cannabis #cannabisCommunity #cannabisLegal

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Botany Report 🌳 @BotanyReports

5 years ago

In the broader commerce markets, platforms like ShopKeep (acquired by @LightspeedHQ for $400m in 2020) offer similar solutions. In the cannabis, LeafLink is the go-to.

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Botany Report 🌳 @BotanyReports

5 years ago

In fragmented markets, B2B purchasing & supply chain management can be hard and time consuming - LeafLink offers a platforms making it simple for Cannabis Retailers to identify brands, learn about new products, place order, process payments, and manage customer analytics.

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Botany Report 🌳 @BotanyReports

5 years ago

Cannabis Startup #4 Company: LeafLink HQ Location: New York, NY Date Founded: 2015 Growth Stage: Series C ($89m Equity, $250m Debt) What they do: LeafLink is a wholesale management platform that connects cannabis brands and retailers.