Hilary Bricken, a lawyer at Harris, Moure PLLC in Seattle and part of its Canna Law Group practice and who is deeply entrenched in the cannabis industry, takes a look at what she views as some of the most promising cannabis technology plays: Canary, Leafly, MassRoots, PayQwick and Weedmaps. She points to technology companies as more likely to attract investor interest due to their not being subject to the federal laws making cannabis illegal and thus having better access to banking, a more favorable tax rate (no 280E) and stronger protection for intellectual property.
The primary void today seems to be in software companies offering primarily business-to-business solutions and those that businesses run internally to increase efficiency. Most of the most successful tech companies in the cannabis space are consumer facing, but have found a way to monetize that via advertising or payments from the business end.
Read “CannaTech: The Lasting and Up-and-Coming Hot Picks”: http://www.cannalawblog.com/cannatech-the-lasting-and-up-and-coming-hot-picks/
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