Friday, August 22, 2025
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
  • Politics
  • Lifestyle
  • Business
  • Medical
  • Shop
No Result
View All Result
Weed Deep Dive
No Result
View All Result

The Rise and Fall of Eaze

Graham Cooper by Graham Cooper
April 24, 2025
in Business, Featured
139
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter
Views: 415

There was a time where Eaze was a promise of the future for the marijuana industry. It got in right before California legalized recreational marijuana and was primed to be the frontrunner in that space. And that’s pretty much what happened for a bit, but that big, infinite future that seemed inevitable never really came to fruition, and last month Eaze filed for bankruptcy.

The San Francisco Standard has just put out a fantastic write-up on Eaze’s trajectory, going into the lavish parties in the beginning and ending with numerous different CEO’s and a burning up of cash.

Eaze started in San Francisco, delivering medical marijuana. It was popular almost immediately. The website was buggy and delivery times frequently wrong, but there was a good amount of leniency given to a marijuana company back then. It was just exciting to be able to get marijuana, legally, via delivery.

By the end of 2016, Eaze raised $25 million.

But when California finally legalized recreational cannabis in 2018, the high taxes were too much for a new business to keep up with. Regulations on delivery zones, packaging, and transportation made it even more difficult for Eaze as they were growing beyond their bounds.

The spending continued, and Eaze changed its spending projection from $1 billion in 2020 down to $412 million, then down to $190 million. A 20% downsizing came soon after.

Next came a pivot in which Eaze took over Green Dragon and its storefronts. But they continued to miss their revenue projections, and more CEO’s came aboard.

Finally, last month Eaze declared Bankruptcy and listed zero in assets.

Now, Eaze Inc. is alive and not well, operating in California, Colorado, and Florida. With $10 million behind them, the new company is humbler, carefully moving within the uncertain territory of marijuana sales.

In the beginning of legalization, it seemed the only way to go was up, and at a sharp incline. Regulations, high taxes, and red tape threw a whole lot of cold water onto that promise, and Eaze got caught in the midst of it.

“What happened is we raised way too much money at way too high valuations on the premise of growth that couldn’t come because of the regulatory framework,” Jim Clark, the new CEO, tells The San Francisco Standard.

“This is a put-your-head-down-and-grind situation. This is not a hyperbolic growth story.”

Read the full story at The San Francisco Standard.

 

Previous Post

New Cannabis Ad Strategically Trying to Get Trump to Act

Next Post

University Of Mississippi Selected To Host National Institute Of Health’s Newest Cannabis Lab

Graham Cooper

Graham Cooper

Related Posts

Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

by Graham Cooper
August 21, 2025
0

We're in the midst of a federal takeover of Washington D.C. in order to help with crime, despite the data...

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

by Keegan MacDonald
August 21, 2025
0

A federal appeals court has sided with medical marijuana patients seeking to exercise their Second Amendment rights, deepening the national...

Oregon’s Decriminalization Did Not Raise Overdose Deaths Or Crime, New Study Shows

Oregon’s Decriminalization Did Not Raise Overdose Deaths Or Crime, New Study Shows

by Keegan MacDonald
August 20, 2025
0

A new study from Portland State University challenges the narrative that Oregon’s 2020 drug decriminalization measure caused a surge in...

Michigan Recalls Thousands Of Cannabis Products Over Potential Health Risks

Michigan Recalls Thousands Of Cannabis Products Over Potential Health Risks

by Keegan MacDonald
August 20, 2025
0

More than 20,000 marijuana products have been pulled from dispensary shelves across Michigan after state regulators flagged health concerns tied...

Next Post
University Of Mississippi Selected To Host National Institute Of Health’s Newest Cannabis Lab

University Of Mississippi Selected To Host National Institute Of Health's Newest Cannabis Lab

Latest

Federal agents in DC are saying Trump is tired of marijuana

Federal agents in DC are saying Trump is tired of marijuana

August 21, 2025
Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

August 21, 2025
Oregon’s Decriminalization Did Not Raise Overdose Deaths Or Crime, New Study Shows

Oregon’s Decriminalization Did Not Raise Overdose Deaths Or Crime, New Study Shows

August 20, 2025
ADVERTISEMENT
Sign up for the WDD Newsletter

Categories

  • Business
  • Featured
  • Lifestyle
  • Medical
  • Politics
  • Uncategorized

Recent Posts

  • Federal agents in DC are saying Trump is tired of marijuana
  • Own a Firearm and Like Medical Cannabis? A Federal Appeals Court Just Handed You A Win

Browse by Tag

cannabis covid marijuana ban ncaa

AFFILIATES

© Weed Deep DIve. All rights reserved.

No Result
View All Result
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© Weed Deep DIve. All rights reserved.