Industry Overview: The legal cannabis industry is a large and rapidly growing market in the United States and around the world. In North America alone, sales of legal cannabis were $8.1 billion in 2017 and the market is projected to grow to more than $75 billion by 2030. Currently, 29 states and the District of Columbia have passed legislation to legalize the sale and consumption of cannabis.
About Green Bits: Green Bits is the nation’s leading retail and compliance management platform built to help legal cannabis retailers grow their businesses. Green Bits serves approximately 1,000 cannabis retailers across 12 states – Alaska, Arizona, California, Colorado, Maine, Maryland, Massachusetts, Michigan, Montana, Nevada, Oregon, and Washington State. Green Bits processes more than $2.2 billion in sales annually through its point-of-sale platform. With more than 60 employees, Green Bits is headquartered in San Jose, California, and has an office in Portland, Oregon.
Founders: Andrew Katz, Ben Curren, Trae Robrock