As the Illinois Department of Agriculture issues more and more adult-use cannabis licenses established under the Cannabis Regulation and Tax Act, Leaf Trade's President and CRO, Michael Piermont,...

Why we’re watching: After raising $4.5 million in December 2019, Leaf Trade announced $5.5 million in Series A funding this March. Leaf Trade already handles $1 billion in net gross merchandise, and those numbers will surely increase as more states legalize cannabis and demand for the platform grows.

CHICAGO (March 23, 2021)--Leaf Trade, the leading cannabis wholesale marketplace and payments platform in the US legal cannabis market, closed its $5.5 million Series A preferred round led by...