Meet the cannabis software company that claims to serve over a third of California delivery services

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The following post was written and / or published as part of a collaboration between Benzinga’s internal sponsored content team and a Benzinga financial partner.

From the “gateway drug” to the center of a multi-billion dollar industry, the shift in the perception of cannabis has been nothing short of dramatic.

Since 2018 Farm Bill Legalized the recreational use of low-THC hemp and hemp-based products, the idea of ​​cannabis eventually began to shift from “mind killer” to “respected product.” Decades of anti-marijuana propaganda are slowly turning into yet another stimulus for the American and global economies.

Whether it is the presence of cannabis operators like Aurora Cannabis Inc. (NASDAQ: ACB) and Tilray Inc. (NASDAQ: TLRY) on established exchanges or the creation of 300,000 jobs, the economic and cultural presence of cannabis has never been so difficult to ignore.

But this rapid rise in popularity has come at a cost. The political landscape has not reflected the vigor with which the economy has accepted cannabis. Despite the acceptance of recreational cannabis in more than 18 states, cannabis remains listed as a Schedule I drug, and some states like Texas still consider all cannabis use illegal.

The regulations governing the acceptable ways of selling cannabis are even more nuanced. These regulations change state by state and usher in a wave of confusion that culminates in titles like “Are Delta-9 THC Gummies legal in your state? Check it out here!”

A cannabis company, WebJoint used this confusion in his favor. By working through its in-house delivery software, the company is trying to solve the problem of selling direct to consumers in the cannabis industry.

Who is WebJoint and what problem does it solve?

From the start, the founders of WebJoint recognized a unique opportunity in the growing cannabis industry: tech companies were focused on supporting physical dispensaries with software solutions that managed compliance and business operations, but no one provided the same tools for non-showcase retail supply chain deliveries.

California is the pioneer of cannabis delivery, being one of the first states to incorporate door-to-door delivery into their regulations upon legalization. Today, over 54% of cannabis users in the state buy cannabis exclusively by delivery. Since the pandemic, that number has only skyrocketed as consumer purchasing behaviors have shifted to cannabis delivery as the safest and most convenient option for purchasing cannabis.

With WebJoint’s Software-as-a-Service (SaaS) solution, the company claims to be the largest cannabis delivery software on the market, as more than ⅓ of California licensed and store-less retailers use WebJoint to manage their operations. every day. . Its retail software suite not only automates compliance with state and local regulations, but also provides cannabis deliveries with everything they need to run their business: from e-commerce, point-of-sale, inventory management. and even the management of their fleet.

Since its inception, WebJoint has processed over $ 161 million in cannabis delivery transactions and is now 90% covered in major cities in California. From now on, WebJoint aims to conquer the delivery market on a national scale. The increased demand for cannabis delivery after COVID has forced state regulators across the country to rethink the importance of integrating cannabis delivery regulations into their supply chains.

Raising more than $ 800,000 in capital thanks to its Start the engine page, WebJoint has raised a total of $ 2.2 million for its cannabis software delivery platform since 2014. With 1.9 million shipments to 819 different California cities, WebJoint says it’s finally ready to take over the market in other cannabis-friendly states.

You can find out more about WebJoint and its offers here.

The foregoing post was written and / or published as part of a collaboration between Benzinga’s internal sponsored content team and a Benzinga financial partner. While the article is not and should not be construed as editorial content, the Sponsored Content team works to ensure that all of the information it contains is true and accurate to the best of their knowledge and ability. research. This content is for informational purposes only and is not intended to be investment advice.