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Friday, Mar 29, 2024

Marijuana Firm Secures $2.9 Million Investment

Marijuana industry services firm PayQwick has received $2.9 million in funding, the company announced. The Calabasas company did not disclose the source of the funding. It will be used for sales, product development and expansion in California, Nevada, Michigan and Alaska. PayQwick provides electronic payment services, regulatory compliance and banking services to licensed recreational and medical marijuana businesses. In addition to consumer transactions, the PayQwick platform allows growers, processors and retailers to pay each other for marijuana purchases and to pay their vendors such as attorneys, landlords, accountants, insurance companies and utilities.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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