June 28, 2017

HelloMD raises $1M to connect customers with medical cannabis via telemedicine

Some cannabis bud, which is well-cured (i.e. dried slowly following a specific procedure)
By Hupu2 [GFDL or CC-BY-SA-3.0], via Wikimedia Commons

HelloMD , a service that uses telemedicine to connect people with doctors willing and able to prescribe medical marijuana, has raised just over a million dollars via equity crowdfunding on SeedInvest. The raise includes $200,000 from SeedInvest itself via the platform’s “Selections Fund”. The round won’t be complete for another month, so the company could raise significantly more.

Though the company is sometimes met with skepticism, CEO Mark Hadfield assured MobiHealthNews that HelloMD is very much a healthcare company, which even won Best Healthcare Startup at San Francisco’s Launch Festival this year.

“People have a sense perhaps that the medical side of cannabis is sort of a ruse for recreational cannabis and that’s not our view,” Hadfield told MobiHealthNews. “If you look at the market, it’s a bell curve. On the one side you have very sick patients. On the other side you have recreational patients. In the middle you have a much larger slice […]

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