A First In Cannabis? This Marijuana Tech Company Raised $2 Million To Expand Beyond The Industry
By Javier Hasse • Contributor, Forbes Magazine –
As the cannabis industry grows, people and companies from other trades are rapidly migrating toward it. From Fortune 500 execs to former politicians, and from banks to beer makers, smart money seems to want a piece of the green rush.
However, it is not usual to hear that a cannabis-focused company is venturing outside of the cannabis arena. Yet, this is what CannaRegs, co-founded by Amanda Ostrowitz, former regulator at the Federal Reserve Bank of Kansas City, is about to do.
As Ostrowitz revealed exclusively today, Regs Technology – or RegsTech for short, the parent company to CannaRegs, which operates a data platform that provides comprehensive cannabis-related legal data, including rules and regulations from municipal, county, state and federal sources, just closed a $2 million funding round. Money will be used to expand the company’s services and features, as well as to take a leap outside the cannabis industry. The raise will be announced later on Tuesday.
