Dutchie 4/20 Failure
Dutchie one the cannabis tech industry darlings choked on the worse possible day--ever.
According. to MJBizDaily, the cannabis sales software provider went down nationwide today, on the industry's unofficial marijuana holiday, one of the biggest sales day of the year.
Dutchie's competitor, Cova are now leveraging Dutchie's downtime in this funny video.
Reeling from the recent bad press when the founders and brothers, Ross and Zach Lipson filed suit again Dutchie management, claiming they were wrongly ousted from the company in one of the industry's most notable cannabis businesses. This is on the news that Dutchie filed a lawsuite again Akerna Corporation, a cannabis traceability provider, for unfair competition and tortious interference, as a result of Akerna's refusal to open up its state traceability system with Pennsylvania's cannabis retailers.
Dutchie powers over 5,500 dispensaries throughout the United States and Canada, facilitating over $14 billion in annual sales.
Dutchie is one of the fastest-growing cannabis tech companies and was slated to reach $30 billion in value in 2025. Three months ago, New York awarded the company to be the exclusive provider of technology and point-of-sale (POS) hardware for the state's Conditional Adult-Use Retail Dispensary licenses.
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