CanIDeal Debuts First Cannabis eCommerce Platform

CanIDeal has announced that vendors of cannabis-related products can now start listing their merchandise on its eCommerce portal.

“While we are only selling THC products in Oregon, any and all non-THC and .3 CBD products can now be listed for sale in every one of the 22 recreational and medical states through our platform. We are thrilled to be able to offer the industry’s first national eCommerce solution for everyone,” Joseph Farruggia, CEO of CanIDeal, said in a press release. “With our vendor-side launch, CanIDeal becomes the first, fully interactive, legal online marketplace for cannabis, hemp, CBD and every related product to the industry.”

The company explained that its platform is optimized for geo-specific transactions, providing a tool for cannabis supply chain vendors that conforms to regulations in each state.

“Think of CanIDeal as the Amazon of the cannabis industry, but with much larger B2B, not B2C, transactions. It brings convenience, price and availability to cannabis business owners. It connects a variety of transactional and ancillary services selling wholesale products in the retail and medical cannabis market,” said Tom Adams of BDS Analytics, editor of the Arcview Report, whose team crafted the CanIDeal business plan.

As marijuana has become legal in more areas, companies have started to look for ways to break into the industry. It’s been reported that Walmart’s Canadian unit might start selling cannabis-based products in the future, although there are no immediate plans in the works, while Coca-Cola is taking a close look at the cannabis drinks market, which uses the non-psychoactive chemical in marijuana to make wellness drinks. The company has allegedly met with Canada’s Aurora Cannabis to develop beverages, with one source saying these talks are “preliminary,” and that Coca-Cola was also speaking to other companies.

And earlier this year, Constellation Brands, which owns Robert Mondavi, Corona and Svedka, took a stake in Canada’s Canopy Growth — an up-and-coming player in the blooming marijuana industry.