Meadow
“Can a cannabis-vertical POS platform own the full operational and financial stack for dispensaries in a cash-heavy, highly-regulated industry where mainstream fintech won't go?”
Founded2014
HQSan Francisco, CA (California-focused; Michigan expansion 2022)
FoundersDavid Hua
Total raised$2.1M+ (seed disclosed; additional rounds undisclosed publicly)
Latest roundSeed, 2016
IndustryVertical SaaS / Cannabis
The story
Founded in 2014 as a cannabis delivery and telemedicine startup, Meadow pivoted after Y Combinator graduation to become a specialized point-of-sale and dispensary management platform for cannabis retailers. The company recognized that standard POS and inventory software was non-compliant with cannabis regulations and built vertical-specific software. By 2022, having saturated California, Meadow began multi-state expansion and embedded payments infrastructure (via Finix) to serve an industry historically underserved by mainstream financial rails.
Product timeline
2014
Meadow founded as a cannabis delivery and medical marijuana telemedicine platform after graduating Y Combinator.· pivot
2016
Raised $2.1M seed round and pivoted focus to dispensary point-of-sale and inventory management software.· banking
2022
Expanded beyond California to Michigan market, partnering with Wellflower; described as profitable and not seeking additional fundraising.· pivot
2026
Positioned as an all-in-one POS, inventory, compliance, and eCommerce platform for cannabis dispensaries across CA, NY, NJ, MI, MA, and MN.· pivot
The stack
2 layers disclosed in Meadow’s embedded-finance stack
Payments / PSP
Accounting
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.