Wiki Article
Flowhub
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| Company type | Private |
|---|---|
| Industry | Software, Cannabis industry |
| Founded | 2015 |
| Founder | Kyle Sherman |
| Headquarters | , |
Area served | United States |
| Services | Retail management software |
| Website | www |
Flowhub is an American technology company that provides retail management and point-of-sale (POS) software for state-licensed cannabis dispensaries[1]. Founded in 2015 in Denver, Colorado, its platform helps retailers manage sales, inventory, and compliance with state regulations.[2][3]
History
[edit]Flowhub was founded in 2015 by CEO Kyle Sherman. The company was established in response to the regulatory and operational complexity facing cannabis retailers following state-level legalization.[4][5][6]
In 2018, Flowhub partnered with HP Inc. to develop and distribute a point-of-sale hardware system designed specifically for cannabis retail environments.[7][8][9]
In 2022, the company launched Maui, a next-generation version of its retail management platform.[10]
In 2024, Flowhub produced the docuseries The Great American Dispensary Tour in collaboration with Ricki Lake and Jason Kennedy, hosted by founder and CEO Kyle Sherman.[11]
Operations
[edit]Flowhub operates a software-as-a-service (SaaS) platform that integrates point-of-sale functionality, inventory management, and regulatory reporting into a single system. The platform automates required reporting to state cannabis tracking systems.[12]
The company also offers proprietary mobile applications including Greet for customer check-in and Stash for inventory management as well as the Nug scanner hardware.[13][14] It operates on a subscription-based pricing model and serves more than 1,000 dispensaries across multiple U.S. states.[12] It has been listed in state regulatory documentation as a required or approved compliance system for licensed cannabis operators.[15]
Funding and Investors
[edit]Flowhub is a venture-backed company. In 2019, it raised $23 million in a Series A funding round led by Evolv Ventures, the venture fund backed by Kraft Heinz.[12]
In October 2021, the company raised an additional $19 million in a strategic funding round led by Headline, with participation from Poseidon Asset Management and musician and entrepreneur Jay-Z (Shawn Carter).[16][17] Reports at the time placed the company’s valuation at over $200 million.[18][19]
As of 2022, Flowhub has raised more than $50 million in total funding. Additional investors have included cannabis-focused investment firms such as Green Lion Partners and Phyto Partners as well as non-cannabis investors like PayPal and the founders of Venmo.[20]
Flowhub is a founding board member of the U.S. Cannabis Roundtable, a federal lobbying group. The company has also engaged in advocacy to address banking access for the cannabis industry.[21]
See also
[edit]References
[edit]- ^ "About That Joint: Marijuana Start-Ups Pass". The New York Times. 2018-01-24.
- ^ "Flowhub LLC - Company Profile and News". Bloomberg.com. Retrieved 2025-12-25.
- ^ Lee, Jeremy Berke, Yeji Jesse. "CULTIVATED: Why investors love Flowhub, cannabis industry layoffs, and more". Business Insider. Retrieved 2025-12-25.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "Marijuana May Be Legal, but Good Luck Filing the Paperwork". The New York Times. 2016-02-21.
- ^ Shapiro, Katie (2019-08-01). "High Country: How Denver's hottest startup is streamlining sales and service for dispensaries". Retrieved 2025-12-25.
- ^ "Take a weed break at work. It's allowed!". WGN-TV. 2016-01-18. Retrieved 2025-12-25.
Profiles Flowhub's weed-friendly workplace policy shortly after its 2015 founding, quoting co-founder Kyle Sherman.
- ^ "HP is jumping into the legal marijuana industry with a technology that could change the way people buy weed — and it's a first for Silicon Valley". Business Insider. 2018-04-15.
- ^ Petrecca, Laura (2018-04-13). "HP is jumping into the pot business". The Washington Post.
- ^ "HP Hashes Out New Strategy to Target Booming Pot Business". Retrieved December 25, 2025.
- ^ Loizos, Connie (2022-09-20). "Flowhub launches Maui, the next generation of its cannabis POS platform". TechCrunch.
- ^ "A New Travel Show Is Exploring Cannabis Culture on 'The Great American Dispensary Tour'". Matador Network. Retrieved 2025-12-31.
- ^ a b c "The buzziest startup in cannabis doesn't even sell marijuana. Meet Flowhub, the cannabis-tech platform that's already signed on more than 900 dispensaries". Business Insider. 2020-02-11.
- ^ Staff, MG (2017-10-10). "Flowhub's Stash App provides dispensaries with a portable inventory manager". MG Magazine.
- ^ "Flowhub in the PCMag Startup Spotlight". PCMAG. 2016-03-29. Retrieved 2025-12-31.
- ^ Massachusetts Cannabis Control Commission (2021-08-04). "Administrative Review Application - Nova Farms, LLC" (PDF). p. 4. Retrieved 2025-12-25.
Dispensary Agents will be trained on the use of Flowhub a system that interfaces with metrc and keeps track of inventory and sales.
- ^ Staff, XXL (2021-10-13). "Jay-Z Invests $19 Million in Marijuana Software Company". XXL Mag.
- ^ Yakowicz, Will. "Jay-Z Invests In Cannabis Payment Company Flowhub". Forbes. Archived from the original on 2022-04-16. Retrieved 2025-12-25.
- ^ Schaneman, Bart (2022-09-13). "Marijuana tech platform Flowhub cuts dozen employees amid market downturn". MJBizDaily.
- ^ "Exhibit 10.1: SAFE (Simple Agreement for Future Equity)". U.S. Securities and Exchange Commission. Retrieved 2025-12-25.
This SAFE agreement details a $250,000 investment by General Cannabis Corp in Flowhub Holdings, LLC on or about November 5, 2018, with a valuation cap of $35,000,000.
- ^ "Flowhub Entrepreneur Company Profile". Entrepreneur. Retrieved 2025-12-25.
- ^ Casacchia, Chris (2025-02-18). "Despite unlikely allies, cannabis industry struggling with debanking". MJBizDaily. Retrieved 2025-12-31.