Cannabis startup LeafLink sprouts in New York
The marijuana e-commerce firm raised $750,000 in its first funding round.
There may be only five licensed medical-marijuana companies in New York state, but that doesn't mean local entrepreneurs are going to let them have all the fun. Selling products such as luxury weed accessories and industrial grow lights, New York startups are hoping to profit from marijuana's legalization in a number of states.
The latest New York cannabis company to get in the game is LeafLink, a business-to-business e-commerce platform that has closed its first funding round, raising $750,000.
LeafLink is the third startup founded by Ryan Smith, 24, who grew up in Manhattan and started his first two companies while still an undergrad at Colgate University. He sold one of them, an investment management site called Trupoly, to RCS Capital last year. Co-founder Zachary Silverman recently left eBay, where he was a product manager.
Smith said he...
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