NEW YORK — Cannabis sciences firm Dewey Scientific said today that it has raised roughly $1.3 million in seed funding in a round led by undisclosed private investors.
The Pullman, Washington-based company was founded last year by Washington State University scientists to offer molecular breeding and genomic services for cannabis cultivation.
"While more established crops have benefitted from genomics and advanced breeding methods, the prohibition of cannabis has created a gap in available technology," Dewey Scientific Cofounder Paul Mihalyov said in a statement. "We are providing industrial cannabis farmers with the same scientific resources that are available to Washington's other top agricultural commodities like wheat, hops, and apples."
Washington State legalized cannabis for medical use in 1998 and for recreational use in 2012.