Company:Eaze

From HandWiki
Eaze
TypePrivate
IndustryCannabis delivery
Medical cannabis
Recreational cannabis
Founded2014; 10 years ago (2014)
FounderKeith McCarty
Headquarters
San Francisco, California
,
United States
Key people
Ro Choy, CEO[citation needed]
Websitewww.eaze.com

Eaze is an American company based in San Francisco , California that launched a medical cannabis delivery app of the same name in 2014.[1]

History

Eaze was launched in 2014 by Keith McCarty to deliver medical marijuana to patients in California .[2][3] McCarty started the company in his San Francisco apartment with four employees. The company provides a mobile app to connect users with cannabis dispensaries, but does not grow or sell marijuana itself, and has been nicknamed “the Uber of Weed”.[4][5] As of 2017, the company operates in more than 100 cities within California.[4]

In 2017, Eaze reported 300 percent growth over the previous year. It has 81 employees, and performs 120,000 deliveries per month to 250,000 users.[6][7] A survey of Eaze users revealed that 66% are male, 57% are between 22 and 34, just over half have a bachelor's degree, and 49% have an annual income over $75,000.[8] The company's vaporizer cartridge sales reached $1 million in sales in 4 months, and 31% of customers had ordered a vaporizer by the end of 2016.[4][5]

In 2016, Eaze founder Keith McCarty stepped down from his position as CEO and was replaced by Jim Patterson, who served as the company's chief product and technology officer.[9]

EazeMD

User showing the app

EazeMD is a service that helps people acquire a medical marijuana card. It is a California-based telemedicine service in which physicians assess patients through an online video chat.[10][11][12] It is California's largest telemedicine service for marijuana referrals.[11]

In June 2017, a former employee of one of these physicians accessed patient data in the physician's records system, causing a security breach. However, there was no evidence that Eaze data was accessed.[13]

Eaze Insights

Eaze Insights conducts surveys of their users and compiles data into reports on cannabis use. Statistics from their reports have been cited in Seattle Weekly,[14] Forbes ,[15] The Huffington Post,[5] Business Insider,[16] Fortune,[8] and other general interest publications.

Financing

The company announced its $10 million Series A funding in April 2015 by multiple venture capital firms, including the Snoop Dogg-backed Casa Verde Capital.[17][18] In October 2016, Eaze announced its series B funding in the amount of $13 million from five investors, making the company "the highest-funded startup in the history of the cannabis industry, as well as its fastest-growing one".[2][19][20] In September 2017, the company raised another $27 million in venture funding.[21] The Series B funding was led by Bailey Capital, joined by DCM Ventures, Kaya Ventures, and FJ Labs. According to the company' officials in 2017, Eaze managed to raise more than $52 million since its inception in 2014.[22]

References

  1. ↑ Robinson, Melia (April 20, 2016). "I spent the day as a legal marijuana dealer — here's what happened". Business Insider. http://www.businessinsider.com/what-its-like-working-for-eaze-2016-4. 
  2. ↑ 2.0 2.1 Buhr, Sarah (October 24, 2016). "Weed on-demand startup Eaze inhales $13 million in funding to grow into new markets". https://techcrunch.com/2016/10/24/putthatinyourpipeandsmokeit/. 
  3. ↑ Solomon, Mark Berniker, Justin (2014-08-05). "Inside Eaze, San Francisco's 'Uber for weed'". CNBC. https://www.cnbc.com/2014/08/05/uber-for-pot-eaze-attracts-investors-for-sf-pot-delivery-app.html. 
  4. ↑ 4.0 4.1 4.2 Cherney, Max A.. "The startup burning $1 million a month in hopes of selling $1 billion of pot a year" (in en-US). MarketWatch. http://www.marketwatch.com/story/an-exclusive-look-inside-a-weed-delivery-startup-with-billion-dollar-dreams-2017-08-29. 
  5. ↑ 5.0 5.1 5.2 Nolan, Greg (2017-07-18). "Silicon Valley Has Turned Vaping into a Booming Industry" (in en-US). https://www.huffingtonpost.com/entry/silicon-valley-has-turned-vaping-into-a-booming-industry_us_596e8ec3e4b05561da5a5b93. 
  6. ↑ "Eaze raises another $27M as money piles into cannabis tech" (in en). Axios. 2017-09-14. https://www.axios.com/eaze-raises-another-27m-as-investors-continue-to-invest-in-cannabis-tech-2485302531.html. 
  7. ↑ Hartman, Shelby (2017-06-13). "Five Must-Have Cannabis Apps for Tech-Savvy Stoners". L.A. Weekly. http://www.laweekly.com/news/five-weed-apps-and-cannabis-tech-digital-tools-8323655. 
  8. ↑ 8.0 8.1 "Mostly Young, Well-Educated Men Are Ordering Marijuana Delivery" (in en). Fortune. http://fortune.com/2017/06/27/eaze-marijuana-delivery/. 
  9. ↑ Buhr, Sarah. "Eaze CEO steps down" (in en). TechCrunch. https://techcrunch.com/2016/12/15/eaze-ceo-steps-down/. 
  10. ↑ Mac, Ryan. "I Got A Marijuana Prescription And Pot In Minutes Without Leaving My Couch" (in en). Forbes. https://www.forbes.com/sites/ryanmac/2015/06/30/eaze-doctor-online-prescription-marijuana-pizza-couch/#4f0667c89bad. 
  11. ↑ 11.0 11.1 "What It's Like to Be One of America's Busiest Weed Doctors" (in en-us). Tonic. 2017-09-05. https://tonic.vice.com/en_us/article/43385g/what-its-like-to-be-one-of-americas-busiest-weed-doctors. 
  12. ↑ "This app can get you a doctor's note and a bag of weed in as little as 10 minutes" (in en). Business Insider. http://www.businessinsider.com/eaze-app-can-get-you-doctors-note-and-bag-of-weed-in-10-minutes-2015-6. 
  13. ↑ "Records of some patients who use marijuana delivery service Eaze may have been accessed" (in en). Axios. 2017-06-27. https://www.axios.com/records-of-some-patients-who-use-marijuana-delivery-service-eaze-may-h-2449315107.html. 
  14. ↑ "Your Parents Are Probably Smoking Weed | Seattle Weekly" (in en-US). Seattle Weekly. 2017-07-19. http://www.seattleweekly.com/food/your-parents-are-probably-smoking-weed/. 
  15. ↑ Borchardt, Debra. "California Cannabis Retail Market Revealed: Big Data Tells All" (in en). Forbes. https://www.forbes.com/sites/debraborchardt/2017/09/26/california-cannabis-retail-market-revealed-big-data-tells-all/#6dbd8e2139e3. 
  16. ↑ "8 key findings on marijuana consumer trends from the 'Uber for weed'" (in en). Business Insider. http://www.businessinsider.com/new-eaze-report-marijuana-consumer-trends-2017-2. 
  17. ↑ Huddleston, Jr., Tom (April 20, 2015). "5 companies with the biggest buzz in the marijuana industry". Fortune (Time Inc.). ISSN 0015-8259. http://fortune.com/2015/04/20/marijuana-industry-five-companies/. Retrieved April 15, 2017. 
  18. ↑ McAlone, Nathan (June 30, 2015). "This app can get you a doctor's note and a bag of weed in as little as 10 minutes". Business Insider. http://www.businessinsider.com/eaze-app-can-get-you-doctors-note-and-bag-of-weed-in-10-minutes-2015-6. 
  19. ↑ Burns, Janet (October 25, 2016). "Weed Delivery App 'Eaze' Bags $13M As Highest-Funded Cannabis Startup Yet". Forbes. https://www.forbes.com/sites/janetwburns/2016/10/25/weed-delivery-app-eaze-bags-13m-as-highest-funded-cannabis-startup-yet/#3958f3a75881. 
  20. ↑ Kokalitcheva, Kia (October 24, 2016). "Here's Why One VC Poured Money Into a Marijuana Delivery Startup". Fortune. http://fortune.com/2016/10/24/eaze-marijuana-investor/. Retrieved April 15, 2017. 
  21. ↑ Buhr, Sarah. "Eaze is moving into recreational marijuana delivery with $27 million in new funding" (in en). TechCrunch. https://techcrunch.com/2017/09/14/eaze-is-moving-into-recreational-marijuana-delivery-with-27-million-in-new-funding/. 
  22. ↑ "Eaze accelerating marijuana delivery tech with $27 million investment" (in en-US). The Cannabist. http://www.thecannabist.co/2017/09/14/eaze-marijuana-delivery-tech-investment-california/88083/. 

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