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Baker Technologies Raises $3.5M, Enables Cannabis Dispensaries

PYMNTS

Further, eight states and the District of Columbia have voted for full medical and recreational legalization. million in a venture funding round, with participation from Michael Lazerow, Base Ventures, XG Ventures, Poseidon Asset Management and Phyto Partners, among others. percent loss in revenues in the retail beer space.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Despite Chris Rock’s old adage that people “don’t sell drugs, drugs sell themselves,” being in the legal — or at least legal-ish — business of cannabis retail is surprisingly difficult and friction-filled work. The problem is not in moving the supply. The problem crops up with the “legal-ish” description of the weed industry.

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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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242 Startup Failure Post-Mortems

CB Insights

Twenty months of my absence have allowed the “professional” top managers to kill the company using the money of rich oligarchs. Mobeam launched back in 2010, pitching a complex solution to a problem that most couponers didn’t know exists: Most retail scanners can’t read a barcode off a mobile device. Product: Guvera.

Company 78