Eaze: On the Way to Becoming a Billion-Dollar Cannabis Biz

110215_Eaze On the Way to Becoming a Billion-Dollar Cannabis Biz 

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After raising $10 million last April for expansion purposes, Eaze is now looking to be one of the first billion-dollar marijuana businesses in the United States. Some of its backers include Snoop Dogg, DCM Ventures, Fresh VC, and 500 Startups.

Dubbed early on as the “Uber of Pot,” Eaze is an on-demand delivery startup that makes use of an application to deliver weed to the user. Customers simply browse a menu of cannabis products from Eaze’s various partners, order weed from their phone, and have it delivered in minutes. Delivery drivers for marijuana dispensaries likewise make use of the app to log orders and schedule deliveries. Since its launch, Eaze has facilitated more than 30,000 medical marijuana deliveries. It even launched EazeMD, which provides telemedicine recommendations so that users can receive medical approval to buy pot.

According to Eaze CEO Keith McCarty, the company began operations by forming partnerships with cannabis dispensaries in San Francisco. Since then, it has moved to dozens of other San Francisco Bay Area and Southern California cities such as Berkeley, Alameda, Emeryville, and most recently, Oakland. It now serves a total of 82 cities.

With majority of Americans supporting marijuana legalization, analysts say that legal pot could become a $30 billion industry by 2019. Aside from Eaze, other marijuana companies looking to make its first billion include Privateer Holdings, Marley Natural, and Willie’s Reserve.

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