Register now for FREE unlimited access to Reuters.com RegisterSept 21 (Reuters) - Wholesale cannabis platform LeafLink said on Wednesday its payments solutions processed over $1 billion in transactions since the company's inception in March 2016.
LeafLink is cannabis industry's business-to-business platform that helps pot distributors and retailers manage their operations, create, pay for and ship their orders.
More states in the U.S are moving towards allowing sale of recreational cannabis, underscoring continued support and demand for cannabis since the imposition of lockdowns during the COVID-19 pandemic.
Backed by venture capital firms and investors including Founders Fund, Thrive Capital, Nosara Capital and Lerer Hippeau, LeafLink has raised more than $131 million of equity to date as well as a credit facility of $250 million.
Register now for FREE unlimited access to Reuters.com RegisterReporting by Ankit Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.