MJ Freeway is no longer exclusively drawing comparisons to other cannabis companies. After growing at a rate of 205% over the past three years, the company was listed among companies such as Microsoft, GoPro, and Yelp, on the 2015 Inc. 5000, Inc. magazine’s list of the fastest growing companies.
“Cannabis has been in the limelight so we’ve been recognized in the media a fair amount over the years,” said co-founder Jessica Billingsley. “It’s nice to be recognized for just being a successful business, not just a successful cannabis business.”
MJ Freeway, a software business that has generated over $2.5 million in revenue over the past three years, began as a startup in the mountains of Telluride, Colorado. Cofounders Jessica Billingsley and Amy Poinsett had already been technology entrepreneurs in their own right, running an IT business and a website development business, respectively. As they were watching cannabis regulations evolve in Colorado in 2009, their entrepreneurial urges began churning and they began throwing around business ideas. Billingsley had invested in one of the first licensed dispensaries in Boulder and noticed that the business had no means of tracking their retail transactions. “We know software—we know how to grow a business like this,” Billingsley said. “We did something that we really knew how to do.”
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