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Online Marketplace For Cannabis "GreenRush" Raised $3.6 Million

Online Marketplace For Cannabis "GreenRush" Raised $3.6 Million

GreenRush, the largest online marketplace for legally purchasing cannabis, today announced the $3.6 million closing of its Series A Funding Round. The Round will fuel the expansion of greenRush’s current recreational and medical marijuana services in California, Nevada, Massachusetts, Maryland, New York, Pennsylvania, Illinois and more.

Headquartered in the San Francisco Bay Area, greenRush is the easiest way to legally purchase cannabis online, with hundreds of dispensary partners and tens of thousands of cannabis products available for delivery and express pick-up with a few simple clicks.

GreenRush currently operates throughout California and Nevada, with immediate plans to expand to Massachusetts, Maryland, Illinois, New York, Pennsylvania, and many other states with legal cannabis laws.

Rachel Shipp, greenRush Vice President of Business Development, said, “We are thrilled to welcome James Weil and Chris Burggraeve, along with a diverse network of notable venture capital, private equity, finance and marketing executives, to greenRush as investment and advisory partners.” Shipp continued, “We see an increasingly upward trend in institutional capital’s appetite and enthusiasm for investing in the Cannabis industry and our investors’ experience and guidance will help poise greenRush to successfully capitalize on those opportunities — now and in the future.”

Since its inception in 2015, millions of dollars in legal Cannabis transactions have been facilitated on the greenRush platform. As a result, greenRush’s proprietary data offers unique insight into global online Cannabis purchasing behavior in both the recreational and medical industries.

A big push had recently suffix in the cannabis industry considering last week moves from Casa varde and Privateer Holdings.

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