Brothers Ross and Zach Lipson, West Bloomfield natives living in Oregon, have made news for attracting prominent investors for their business, Dutchie, an e-commerce software and website provider for cannabis dispensaries in the U.S. and Canada.
Investors include Snoop Dogg's Casa Verde Capital, Thirty Five Ventures (founded by NBA star Kevin Durant and sports agent Rich Kleiman), Sinai Ventures, Shutterstock founder and CEO Jon Oringer and ex-Starbucks CEO Howard Schultz.
This week Fast Company magazine named their firm one of the 10 most innovative North American companies in 2021 "for making legal cannabis more accessible online while lifting up small dispensaries." The company ranks sixth on the list. The yogurt company, Chobani is number one.
The magazine writes:
The cannabis industry’s largest and fastest-growing e-commerce solution was among the first to launch a credit-card payment processing system for small dispensaries, helping them implement digital and contactless payment methods to reach their full potential. Dutchie‘s software makes it easier for customers to purchase cannabis products online and receive items via in-store and curbside pickup or delivery.
The company facilitates sales for more than 1,800 dispensaries in 25 U.S. states and Canada. That means it powers more than 25% of all dispensaries in North America and processes 10% of all legal cannabis sales worldwide. Between March and September, Dutchie witnessed a 650% increase in online orders while customers rode out the pandemic, with average order sizes rising 32%.