Video by CNBC
Cannabis delivery startup Eaze Solutions Inc. has a lofty goal: By fiscal year 2020, it expects to ship the rough equivalent of a 33-foot-cube of marijuana — nearly three joints for every registered voter in the U. S. — to weed fans in America’s legal markets.
The goal of moving the equivalent of $1 billion in cannabis and related products in a year has led the company to burn about $1 million a month as it aggressively expands into markets that have, in some cases, proved costly, according to information provided to potential investors and exclusively obtained by MarketWatch. The documents render a snapshot of a company wrestling with complex, often difficult regulations, that’s pushing the boundaries of what’s legal in a market where the laws are changing rapidly and causing uncertainty about the potential for investments.
