Eaze

Eaze is an American company based in San Francisco, California that launched a medical cannabis delivery app of the same name in 2014.[1]

Eaze
TypePrivate
IndustryCannabis delivery
Medical cannabis
Recreational cannabis
Founded2014 (2014)
FounderKeith McCarty
Headquarters
San Francisco, California
,
United States
Key people
Ro Choy, CEO
Websitewww.eaze.com

History

Eaze was launched in 2014 by Keith McCarty to deliver medical marijuana to patients in California.[2][3] McCarty started the company in his San Francisco apartment with four employees. The company provides a mobile app to connect users with cannabis dispensaries, but does not grow or sell marijuana itself, and has been nicknamed “the Uber of Weed”.[4][5] As of 2017, the company operates in more than 100 cities within California.[4]

In 2017, Eaze reported 300 percent growth over the previous year. It has 81 employees, and performs 120,000 deliveries per month to 250,000 users.[6][7] A survey of Eaze users revealed that 66% are male, 57% are between 22 and 34, just over half have a bachelor's degree, and 49% have an annual income over $75,000.[8] The company's vaporizer cartridge sales reached $1 million in sales in 4 months, and 31% of customers had ordered a vaporizer by the end of 2016.[4][5]

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.[9]

EazeMD
User showing the app

EazeMD is a service that helps people acquire a medical marijuana card. It is a California-based telemedicine service in which physicians assess patients through an online video chat.[10][11][12] It is California's largest telemedicine service for marijuana referrals.[11]

In June 2017, a former employee of one of these physicians accessed patient data in the physician's records system, causing a security breach. However, there was no evidence that Eaze data was accessed.[13]

Eaze Insights

Eaze Insights conducts surveys of their users and compiles data into reports on cannabis use. Statistics from their reports have been cited in Seattle Weekly,[14] Forbes,[15] The Huffington Post,[5] Business Insider,[16] Fortune,[8] and other general interest publications.

Financing

The company announced its $10 million Series A funding in April 2015 by multiple venture capital firms, including the Snoop Dogg-backed Casa Verde Capital.[17][18] In October 2016, Eaze announced its series B funding in the amount of $13 million from five investors, making the company "the highest-funded startup in the history of the cannabis industry, as well as its fastest-growing one".[2][19][20] In September 2017, the company raised another $27 million in venture funding.[21] The Series B funding was led by Bailey Capital, joined by DCM Ventures, Kaya Ventures, and FJ Labs. According to the company' officials in 2017, Eaze managed to raise more than $52 million since its inception in 2014.[22]

References
  1. Robinson, Melia (April 20, 2016). "I spent the day as a legal marijuana dealer — here's what happened". Business Insider. Archived from the original on April 16, 2017. Retrieved April 15, 2017.
  2. Buhr, Sarah (October 24, 2016). "Weed on-demand startup Eaze inhales $13 million in funding to grow into new markets". TechCrunch. Archived from the original on April 16, 2017. Retrieved April 15, 2017.
  3. Solomon, Mark Berniker, Justin (2014-08-05). "Inside Eaze, San Francisco's 'Uber for weed'". CNBC. Archived from the original on 2017-11-21. Retrieved 2017-10-12.{{cite news}}: CS1 maint: multiple names: authors list (link)
  4. Cherney, Max A. "The startup burning $1 million a month in hopes of selling $1 billion of pot a year". MarketWatch. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  5. Nolan, Greg (2017-07-18). "Silicon Valley Has Turned Vaping into a Booming Industry". Huffington Post. Archived from the original on 2017-07-22. Retrieved 2017-11-01.
  6. "Eaze raises another $27M as money piles into cannabis tech". Axios. 2017-09-14. Archived from the original on 2017-10-30. Retrieved 2017-11-01.
  7. Hartman, Shelby (2017-06-13). "Five Must-Have Cannabis Apps for Tech-Savvy Stoners". L.A. Weekly. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  8. "Mostly Young, Well-Educated Men Are Ordering Marijuana Delivery". Fortune. Archived from the original on 2017-10-30. Retrieved 2017-11-01.
  9. Buhr, Sarah. "Eaze CEO steps down". TechCrunch. Archived from the original on 2017-10-11. Retrieved 2017-10-11.
  10. Mac, Ryan. "I Got A Marijuana Prescription And Pot In Minutes Without Leaving My Couch". Forbes. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  11. "What It's Like to Be One of America's Busiest Weed Doctors". Tonic. 2017-09-05. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  12. "This app can get you a doctor's note and a bag of weed in as little as 10 minutes". Business Insider. Archived from the original on 2017-10-26. Retrieved 2017-11-01.
  13. "Records of some patients who use marijuana delivery service Eaze may have been accessed". Axios. 2017-06-27. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  14. "Your Parents Are Probably Smoking Weed | Seattle Weekly". Seattle Weekly. 2017-07-19. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  15. Borchardt, Debra. "California Cannabis Retail Market Revealed: Big Data Tells All". Forbes. Archived from the original on 2017-11-07. Retrieved 2017-11-01.
  16. "8 key findings on marijuana consumer trends from the 'Uber for weed'". Business Insider. Archived from the original on 2017-11-05. Retrieved 2017-11-01.
  17. Huddleston, Jr., Tom (April 20, 2015). "5 companies with the biggest buzz in the marijuana industry". Fortune. Time Inc. ISSN 0015-8259. Archived from the original on April 17, 2017. Retrieved April 15, 2017.
  18. McAlone, Nathan (June 30, 2015). "This app can get you a doctor's note and a bag of weed in as little as 10 minutes". Business Insider. Archived from the original on May 30, 2017. Retrieved April 15, 2017.
  19. Burns, Janet (October 25, 2016). "Weed Delivery App 'Eaze' Bags $13M As Highest-Funded Cannabis Startup Yet". Forbes. Archived from the original on April 16, 2017. Retrieved April 15, 2017.
  20. Kokalitcheva, Kia (October 24, 2016). "Here's Why One VC Poured Money Into a Marijuana Delivery Startup". Fortune. Archived from the original on May 10, 2017. Retrieved April 15, 2017.
  21. Buhr, Sarah. "Eaze is moving into recreational marijuana delivery with $27 million in new funding". TechCrunch. Archived from the original on 2017-11-04. Retrieved 2017-11-01.
  22. "Eaze accelerating marijuana delivery tech with $27 million investment". The Cannabist. Archived from the original on 2017-10-13. Retrieved 2017-10-12.
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