California’s Largest Licensed Cannabis Wholesale Marketplace Nabis Secures $23 Million in Series B Funding

“Nabis is the only end-to-end cannabis wholesale marketplace platform that features lightning-fast fulfillment combined with financial and data analytics services that revolutionize cannabis brand and retail expansion. The rapidly legalizing cannabis market will be one of the first entirely new regulated supply chains to be built after the invention of the internet,” said Vince C. Ning, CEO and Co-Founder of Nabis. “Traditional distribution is dead, and we are enabling the cannabis brands and retailers of today to transact with the most modern technology tools to best serve the exponentially-growing demand for cannabis. The cannabis wholesaling experience should be similar to best-in-class platforms like Faire that are found in more mature industries.”

Nabis will use the funding to grow the Nabis Marketplace, its licensed wholesaling platform that enables the most streamlined sales and delivery experience for brands and retailers. To further accelerate its partners’ success, Nabis will focus on scaling its value-added services, which include Nabis Capital and Nabis Analytics. As recreational markets legalize across the nation, Nabis will also explore out-of-state opportunities to bring the company’s proven, wholesaling platform to brands and retailers in emerging markets for decades to come.

Nabis now distributes 10% of California’s legal cannabis market. In the last 12 months alone, Nabis has grown over 140% in volume, and represents a portfolio of over 100 top-tier brands in the largest cannabis market in the world.