Dutchie

Dutchie is a technology platform that powers cannabis commerce, streamlining dispensary operations and providing safe and easy access for consumers. The company offers a suite of software products for point-of-sale, ecommerce, and digital payments designed specifically for the cannabis industry. Dutchie's ecommerce platform allows consumers to browse dispensary menus, place orders online for pickup or delivery, and pay via the integrated Dutchie Pay solution, which facilitates closed-loop ACH bank transfers.

In July 2022, Dutchie launched Dutchie Pay, a fully integrated digital payment solution that enables cashless transactions for cannabis purchases. This ACH-based system reduces reliance on cash, increasing safety and convenience for both dispensaries and consumers. During alpha and beta testing, Dutchie Pay resulted in a 30% increase in average order value, a 32% reduction in abandoned carts, and drove repeat purchases from 82% of consumers who signed up.

As of July 2022, Dutchie powered over 5,500 dispensaries throughout the US and Canada, facilitating over USD 14 billion in annual cannabis sales. The company does not grow, sell, or distribute marijuana itself, focusing solely on providing technology solutions to the industry. In October 2021, Dutchie raised USD 350 million in Series D funding at a USD 3.8 billion valuation, led by D1 Capital Partners.

Key customers and partnerships

In December 2022, New York selected Dutchie as the exclusive technology and point-of-sale (POS) hardware provider for the state's Conditional Adult-Use Retail Dispensary (CAURD) licensees. These social equity cannabis retailers will utilize Dutchie's solutions to streamline operations, serve customers, and ensure compliance with state regulations.

Dutchie has also partnered with The Bronx Community Foundation, the Bronx Borough President's Office, and The Temeka Group to launch the "Bronx Dispensary Showroom," replicating a compliant cannabis retail experience. This initiative provided employment opportunities and training for those interested in New York's adult-use market.