As Cannabis Legalization Expands, the Tech Firms Fueling Its Sales Are Exploding in Value

Expect more mergers, acquisitions and IPOs as investors flock to this sizzling space

It would be a dramatic understatement to say cannabis commerce platform Dutchie’s valuation has been growing by leaps and bounds. As recently as August 2020, its estimated worth was $200 million. By March 2021, it was $1.7 billion. A revised estimate for this fall puts it at $3.7 billion.

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This story first appeared in the Nov. 1, 2021, issue of Adweek magazine. Click here to subscribe.