Seattle Marijuana Startup Leafly Raises $23M As Recent Legalization Boosts Cannabis Market

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Seattle-based online cannabis marketplace Leafly has closed $23 million in new funding, GeekWire confirmed with the company. The fresh cash infusion comes as the cannabis market sees an increase in sales as more states legalize pot and dispensaries were declared essential businesses during the pandemic. The startup plans to expand its online marketplace that lets customers and retailers buy and sell cannabis. Leafly also serves as an educational resource. The platform has 120 million annual visitors. The funding will be used to add to the company’s 160-person workforce and follows a series of layoffs over the past few years.

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