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Supply chain logistics is a headache and a half across any industry, but the difficulty level goes way up within the world of cannabis. Because of federal laws, FedEx, UPS and USPS are not an option. Distributors need a variety of licenses and must operate within specific regulation. For example, cannabis brands must either become their own first-party distributor, with W2 employees and company-owned cars, distribution centers, etc., or use a licensed third-party distributor.
Wayv, the B2B cannabis logistics platform founded by serial entrepreneur Keith McCarty, is looking to solve this problem with the launch of its Dynamic Distribution platform. Of course, Wayv has been operational for upwards of a year, having received $5 million in seed led by Craft Ventures’ David Sacks (former coworker to McCarty from the Yammer days) back in October 2018.
Today - Launch - Dynamic - Distribution - Brands
Today, however, marks the public launch of Dynamic Distribution, which not only connects brands, retailers and distributors to streamline cannabis supply chain logistics, but allows brands to list themselves as third-party distributors for other brands. Plus, the platform automatically checks for compliance with all parties on the platform across federal, state and local laws.
While companies like Anvyl and Flexport are looking to support other, less regulated industries in their supply chain logistics evolution, the cannabis industry has been mostly left in the paper age. Wayv aims to streamline that by providing a single interface for brands, retailers and distributors to move cannabis products within the state of California.
Year - Wayv - Platform - Power - Logistics
For the past year, Wayv’s platform has helped power logistics among several cannabis brands — Caliva, Kurvana, High Style Brewing Company, and...
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