Seattle startup Headset, which provides a business intelligence platform for the legal cannabis industry, announced $1.8 million in new funding. Headset will use the funds to expand into recently legalized markets.
In the U.S., 16 states and Washington, D.C., have legalized recreational marijuana for adults over age 21 and 36 states have legalized medical marijuana. In the past six months alone, half a dozen states have passed or are in the process of passing legislation legalizing marijuana in some form.
The latest funding was led by private equity investment manager Silverleaf Venture Partners with participation from cannabis-focused investors WGD Capital and Poseidon. Last year, Headset raised $3.2 million as cannabis sales surged during the pandemic. Total funding to date is just under $20 million.