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Illustration:Rebecca Zisser/Axios

Marijuana delivery service Eaze is in the process of closing $65 million in venture capital funding that would give it a valuation in excess of $300 million, Axios has learned.

The bottom line: This is basically Uber for pot, except the actual delivery workers are legally required to be W-2 employees. And, like Uber in the early days, it's beginning to raise big money.

San Francisco-based Eaze is familiar to many in California, particularly in Los Angeles where it has giant billboards with taglines like "for super chill vibes" and "for pesky hangovers."

  • The San Francisco-based company only currently delivers within California, but did recently launch a marketplace for shipping cannabidiol products to 41 states and Washington, D.C.
  • A source close to the deal says he expects Eaze to primarily focus its on-the-ground expansion to states that have legalized recreational marijuana, as that's viewed as a much larger long-term market than medicinal. In California it does both.

The largest new investor is serial entrepreneur Jim Clark, who co-founded both Silicon Graphic and Netscape. Return backers include VC firm DCM, whose partner David Chao sits on the Eaze board of directors and is a user of medicinal marijuana.

An Eaze spokesperson declined comment.

Go deeper

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.

Updated 6 hours ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.