Marina del Rey-based cannabis startup Tokr wants a piece of the legal THC market.
The company, which got its start selling CBD products, announced Sept. 28 that it will begin facilitating the sale of legal pot products with its first dispensary partner, The Pottery.
The Pottery, based in Mid City, will handle payments and deliveries of THC products because Tokr, as a marketing company, isn’t allowed to conduct sales under California law.
Tokr has raised $5 million since its 2017 launch. Its primary investor is New York-based cannabis investment outfit Merida Capital Partners, which owns several licensed pot businesses nationwide. Beverly Hills-based venture firm Arcadian Fund also provides backing.
“That gives us (an) opportunity to scale beyond California and work on a state-by-state basis as we are ready,” said Tokr Chief Executive Matthew Singer.
Tokr launched as a mobile app similar to Irvine-based Weedmaps, recommending dispensaries and deals to app users based on their lifestyle habits and geographic location. The company’s fleet of six drivers will soon link with The Pottery’s team to deliver cannabis to “all of L.A. proper,” Singer said.
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