USA |Cannabis vaping startup Pax raises $20 million

A man using a Juul e-cigarette. Juul’s creators also created Pax, a startup that makes marijuana vaporizers.Eva Hambach/AFP/Getty Images

Passing a joint is becoming increasingly passé. Pax Labs Inc., a San Francisco-based startup that makes marijuana vaporizers, raised US$20 million from investors, Chief Executive Officer Bharat Vasan said on Monday. The company declined to provide the valuation.

Pax, part of a rising tide of marijuana device companies, makes internet-connected vaporizers that allow users to control how high they get when consuming the drug. The company’s sleek devices look like highlighter pens or USB sticks, and are operated through an app. Vapers can tinker with the app’s settings to puff a thicker plume of smoke, or lower the device’s LED light to be more discreet when inhaling in public.

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Source: https://ift.tt/2AmHSKd reposted by Cannabis News World . Original article by Bloomberg News

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