Ambitious? Eaze was once a darling of cannabis and cannabis-curious investors. Entrepreneur & Product Executive. Comments.

It’s something Eaze takes very seriously. An all-hands meeting was set to take place today at noon, where Choy will update staff on the plan forward. An inside look at the multibillion-dollar global cannabis boom. Founder & CEO. Share. Brick by brick, these developments wall off the stereotype that marijuana makes us lazy, boring, and hungry. Copyright © 2019 Marijuana Retail Report. California cannabis delivery giant Eaze sent out a company memo yesterday announcing layoffs and a new CEO. (And yes, someday, California will probably allow drones to deliver pot. LEARN MORE. Today we had to part ways with 36 of our friends and colleagues across all teams and offices.

At $52 million raised to date, Eaze may be the most-funded young firm working in the cannabis sector. These changes are because we need to realign Eaze operations to match market realities. Keith McCarty, founder of the well-funded pot delivery startup Eaze, is stepping down from his position as CEO. Using Cannabis Edibles to Help Treat Anxiety, Top 10 Cannabis Strains For Your Wake & Bake, are also defendants in employment lawsuits, first reported publicly in September in Marketwatch, the state preemptively banned drone delivery, Study: Cannabis Industry Needs To Get Serious About Workplace Safety, Case Study: Colorado 5 Years After Legalization. Patterson is staking out an even bolder claim. In all, the company said it's raised $201 million. Yeah, I think that’s a very good idea especially for everyone that needs this for what ever medical problems that they have . You’ll be helping make cannabis not just accessible, but accepted. And Eaze has for years offered new users free or heavily discounted cannabis in exchange for signing up. In its three years in existence, Eaze has burned through more than half of the $52 million it’s raised, at a rate as high as $1 million a month, as Marketwatch reported. With delivery of marijuana products sales in any dispensary that delivers would see a dramatic increase. But the problem some are seeing with that claim is Eaze doesn’t process payments in-house — it just facilitates the transaction between the consumer and dispensary. Both companies are also defendants in employment lawsuits filed by drivers who claim full-time employee status; the same Boston-area workplace lawyer is handling both cases. And if you just want a superior smoke from the world’s most legendary growing region, what’s better than an expert pre-roll from Humboldt Legends? Jim Patterson Entrepreneur & Product Executive.

Within the first two weeks of launching its Circles brand, Eaze says the house brand made up around one-fourth of sales in the flower and vape categories. “The current legal market is $6 billion a year,” Patterson says. The company that once billed itself the "Uber of weed" is now trying to become a vertically-integrated cannabis retailer, a move that Eaze CEO Rogelio Choy describes as the company's "second act.". Would have been nice to focus more on the main topic and explain what the reasons for the shakeup is/was. Highly curious and creative, Inventors approach problems as exciting intellectual puzzles. You could say the practice is having an Uber effect, but Eaze is doing one better: Existing delivery services without a comparable runway are finding it difficult (if not impossible) to compete.

Strong brands are good for cannabis and consumers.

How does he plan to do that? The Eaze team, and our network of extraordinary retail and brand partners, have endured and overcome enormous challenges together. So far, forces outside Eaze’s control are breaking the right way. 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.

Patterson demurs, keeping that card close to the vest. To finance the pivot, Eaze raised $35 million in February from investors including FoundersJT LLC, Rose Capital and DCM. Uber offers rides well below cost, a practice that’s squeezing competition and drawing users, but at the cost of incinerating a huge amount of investor cash. Things will likely continue to heat up as the According to multiple sources, 36 staff members were let go early Wednesday, a number that represents about 20% of Eaze’s overall workforce. Zinc.