Spendr Raises $6.5M to Revolutionize Cannabis Dispensary Payments and Loyalty Rewards

Spendr is thrilled to announce that we have successfully raised $6.5 million in our latest funding round—a significant milestone that not only underscores the confidence of our investors but also fuels our mission to normalize cannabis through innovative technology. Running a successful dispensary is challenging enough, and expanding in this industry requires a solution that is both reliable and forward-thinking. That’s where Spendr steps in. Our platform enables dispensaries to offer a fast, free, and cashless payment experience, while simultaneously providing customers with Spendr-funded rewards that complement any existing loyalty program. With this new capital, we plan to enhance our digital payment infrastructure, scale our operations, and reach new markets, ensuring that dispensaries of all sizes can effortlessly integrate our system without the need for additional hardware. Since our launch in 2021, Spendr has been dedicated to creating a safer, more efficient, and rewarding experience for both recreational and medical cannabis consumers. Our approach not only encourages repeat patronage by helping users spend more and visit more often, but it also minimizes the burdens associated with cash management. The funds will support expanded product development, increased customer support, and strategic partnerships that allow dispensaries to highlight deals through Spendr Deals, further boosting customer retention. As our business continues to grow, we remain committed to providing an unparalleled payment solution that addresses the unique challenges of the cannabis industry. Experience the future of dispensary management—learn more about how Spendr can transform your business at www.spendr.com/business or schedule a demo with our founder and CEO, Lucas Gould.