*By Michael Teich* A logistics process mirroring the one mastered by Amazon will remove a lot of the deep friction embedded in the cannabis industry, said Wayv CEO and founder Keith McCarty, who is creating a delivery platform for weed businesses. "The business model is, essentially, very similar to fulfillment for Amazon," McCarty told Cheddar of his company. Before starting Wayv, McCarty co-founded Eaze, a legal cannabis delivery platform for consumers. Wayv, however, is focused on facilitating business-to-business transactions between retailers and brands. "Retailers or brands can sign up for the solution. We integrate with the state database that ensures they are compliant ー that they're licensed holders," McCarty said. "Once you're at that point, retailers can simply browse a marketplace of different products, just like with Amazon ($AMZN), very easily click, select those products." As of now, the service is only available in California, but technology will allow Wayv to easily enter new markets, McCarty said. "It becomes a flipping of the switch to expand into some of these others states or countries as legalization continues to proliferate across all these different geographies," he added. The Los Angeles-based company raised $5 million in a funding round earlier this week led by Craft Ventures. For full interview [click here](https://cheddar.com/videos/cannabis-entrepreneur-wants-to-build-the-amazon-of-weed).

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Rare Dom Pérignon champagne from Charles and Diana’s wedding fails to sell during Denmark auction
A rare magnum of Dom Pérignon Vintage 1961 champagne that was specially produced for the 1981 wedding of Prince Charles and Lady Diana has failed to sell during an auction. Danish auction house Bruun Rasmussen handled the bidding Thursday. The auction's house website lists the bottle as not sold. It was expected to fetch up to around $93,000. It is one of 12 bottles made to celebrate the royal wedding. Little was revealed about the seller. The auction house says the bids did not receive the desired minimum price.
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