Eaze

Last updated
Eaze
Company type Private
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 ]
Website www.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]

Contents

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 Eaze hand.png
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]

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References

  1. ↑ Robinson, Melia (April 20, 2016). "I spent the day as a legal marijuana dealer — here's what happened". Business Insider . Archived from the original on April 16, 2017. Retrieved April 15, 2017.
  2. 1 2 Buhr, Sarah (October 24, 2016). "Weed on-demand startup Eaze inhales $13 million in funding to grow into new markets". TechCrunch . Archived from the original on April 16, 2017. Retrieved April 15, 2017.
  3. ↑ Solomon, Mark Berniker, Justin (2014-08-05). "Inside Eaze, San Francisco's 'Uber for weed'". CNBC. Archived from the original on 2017-11-21. Retrieved 2017-10-12.{{cite news}}: CS1 maint: multiple names: authors list (link)
  4. 1 2 3 Cherney, Max A. "The startup burning $1 million a month in hopes of selling $1 billion of pot a year". MarketWatch. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  5. 1 2 3 Nolan, Greg (2017-07-18). "Silicon Valley Has Turned Vaping into a Booming Industry". Huffington Post. Archived from the original on 2017-07-22. Retrieved 2017-11-01.
  6. ↑ "Eaze raises another $27M as money piles into cannabis tech". Axios. 2017-09-14. Archived from the original on 2017-10-30. Retrieved 2017-11-01.
  7. ↑ Hartman, Shelby (2017-06-13). "Five Must-Have Cannabis Apps for Tech-Savvy Stoners". L.A. Weekly. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  8. 1 2 "Mostly Young, Well-Educated Men Are Ordering Marijuana Delivery". Fortune. Archived from the original on 2017-10-30. Retrieved 2017-11-01.
  9. ↑ Buhr, Sarah. "Eaze CEO steps down". TechCrunch. Archived from the original on 2017-10-11. Retrieved 2017-10-11.
  10. ↑ Mac, Ryan. "I Got A Marijuana Prescription And Pot In Minutes Without Leaving My Couch". Forbes. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  11. 1 2 "What It's Like to Be One of America's Busiest Weed Doctors". Tonic. 2017-09-05. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  12. ↑ "This app can get you a doctor's note and a bag of weed in as little as 10 minutes". Business Insider. Archived from the original on 2017-10-26. Retrieved 2017-11-01.
  13. ↑ "Records of some patients who use marijuana delivery service Eaze may have been accessed". Axios. 2017-06-27. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  14. ↑ "Your Parents Are Probably Smoking Weed | Seattle Weekly". Seattle Weekly. 2017-07-19. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  15. ↑ Borchardt, Debra. "California Cannabis Retail Market Revealed: Big Data Tells All". Forbes. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  16. ↑ "8 key findings on marijuana consumer trends from the 'Uber for weed'". Business Insider. Archived from the original on 2017-11-05. Retrieved 2017-11-01.
  17. ↑ Huddleston, Tom Jr. (April 20, 2015). "5 companies with the biggest buzz in the marijuana industry". Fortune . Time Inc. ISSN   0015-8259. Archived from the original on April 17, 2017. 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. Archived from the original on May 30, 2017. Retrieved April 15, 2017.
  19. ↑ Burns, Janet (October 25, 2016). "Weed Delivery App 'Eaze' Bags $13M As Highest-Funded Cannabis Startup Yet". Forbes . Archived from the original on April 16, 2017. Retrieved April 15, 2017.
  20. ↑ Kokalitcheva, Kia (October 24, 2016). "Here's Why One VC Poured Money Into a Marijuana Delivery Startup". Fortune. Archived from the original on May 10, 2017. Retrieved April 15, 2017.
  21. ↑ Buhr, Sarah. "Eaze is moving into recreational marijuana delivery with $27 million in new funding". TechCrunch. Archived from the original on 2017-11-04. Retrieved 2017-11-01.
  22. ↑ "Eaze accelerating marijuana delivery tech with $27 million investment". The Cannabist. Archived from the original on 2017-10-13. Retrieved 2017-10-12.
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