MJ Freeway Closes $8 Million in Series B Funding

Denver, MJ Freeway, the leader in software solutions and services for legal cannabis businesses, today announced $8 million in Series B financing. Investors in the round include Roger McNamee and Tao Capital Partners. The company will use the funding to invest aggressively in product development, while also growing its sales team and business services.

MJ Freeway is your solution to run a successful cannabis business. With industry-leading software & professional services, you can maximize your efficiency, saving time & money. Meet or exceed any State or Federal requirement for tracking cannabis with a clear chain of custody. Whether you are a cannabis cultivator, infused product producer, or operate a dispensary, you should have the tools to account for every gram & every dollar.

When the first marijuana businesses opened in Colorado, Jessica Billingsley co-founded MJ Freeway Business Solutions to fill a fast growing need to track and manage inventory. As Chief Operating Officer, Billingsley and her partner made the timely decision to design a tech firm specifically for the cannabis industry. MJ Freeway Business Solutions provides a business software platform for point of sale, inventory tracking, manufacturing, cultivation management, and more. MJ Freeway also provides cannabis small-business consulting services and application license support. Since its inception, the women-owned firm has been recognized in numerous major media outlets and was listed in the prestigious INC 5000 in 2015. In addition, Billingsley has been named to Fortune Magazine’s list of Top 10 Most Promising Women Entrepreneurs.

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