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Cannabis Technology Platform Dutchie Rolls Up $200M Series C To Hit $1.7B Valuation

Dutchie outfits dispensaries with technology

Dutchie, which outfits dispensaries with the technology and tools needed to provide safe and easy access to cannabis, raised its largest funding to date, $200 million in a Series C, to value the company at $1.7 billion.

Tiger Global led the round and was joined by new investors Dragoneer and DFJ Growth, as well as existing investors Casa Verde Capital (co-founded by Snoop Dogg, whose investments we profiled here), Thrive CapitalGron Ventures and Howard Schultz. The new funding gives Bend, Oregon-based Dutchie $253 million in total funding since being founded in 2017, according to Crunchbase data. It previously raised a $35 million Series B round last August.

“This round is one of the largest in cannabis and a landmark round that brings top-tier people to the space,” Ross Lipson, Dutchie co-founder and CEO, told Crunchbase News. “The industry is bringing change, and it’s a beautiful opportunity to be a part of it.”

To Read The Rest Of This Article On Crunchbase, Click Here

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Marijuana Retail Report, is a national daily online trade publication serving retailers of marijuana products and accessories. News and information are geared strictly to select retail channels, with distribution limited to licensed collectives, recreational retailers, accessories retailers, and wholesalers.

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