Wurk, which makes HR, payroll and tax software for the cannabis industry, has raised a further $2 million in seed funding, bringing its total to $3 million. The money comes at a time when investors are seeing great growth potential for the marijuana industry, especially in technology that helps navigate particularly complex, and sometimes conflicting, state and federal tax laws.
Wurk’s platform is designed to navigate the Federal Schedule I Substance designation for marijuana, as well as the pathwork of state and local regulations, in the context of HR and payroll infrastructure. Wurk’s Workforce Compliance software features 280E reporting (the federal tax code related to illegal substances), state-specific employee onboarding and payroll management, and is currently deployed in 12 states.
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