MJ Freeway, the leading provider of business management solutions and consulting services for the cannabis industry, today announced $3 million in Series B extension financing raised from existing investors.
MJ Freeway predicts a 20% increase in retail cannabis sales and a 10% increase in customer traffic during the biggest cannabis holiday of the year.
DENVER, Feb. 27, 2017 /PRNewswire-USNewswire/ -- On Thursday, White House Press Secretary Sean Spicer made comments pertaining to the Administration's cannabis policy that were unfavorable toward recreational marijuana, and suggested "greater enforcement" of Federal laws in recreational cannabis states.
Along with Therabis and Treatibles, Austin + Kat is one of several Cannabidiol-for-dogs businesses that have popped up in the last two years, a time period during which CBD pet product sales nationwide doubled, according to data kept by cannabis industry analytics firm MJ Freeway. It's the newest trend in America's booming half-billion dollar animal supplements market, which is expected to grow by more than $150 million in the next four years.
A Week After Cannabis is Legalized in States Across the Country, MJ Freeway Provides Revolutionary Cannabis Product
Weedmaps has partnered with industry-leading compliance and seed-to-sale tracking software solution, MJ Freeway, to provide a valuable menu integration for operators to easily display their products to consumers and patients.
For the second year running, MJ Freeway rounds out the list of the fastest growing companies in the United States, according to Inc. Magazine.
While most people would expect to see an increase in the sales of fireworks, ice cream, and gas grills the Fourth of July holiday, most cannabis retailers saw a rise in sales of marijuana products on one of the biggest “cannabis holidays” of the year.
MJ Freeway has been awarded a contract from the State of Nevada to implement Leaf Data Systems™, a secure, web-based tracking system that will give Nevada regulators visibility into the operations of licensed cannabis businesses.
MJ Freeway, the leader in software solutions and services for legal cannabis businesses, today announced $8 million in Series B financing.