A hot marijuana startup fresh off a $75 million raise just scooped up an exec from ModCloth to lead its retail push and it's part of a growing trend

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A hot marijuana startup fresh off a $75 million raise just scooped up an exec from ModCloth to lead its retail push and it's part of a growing trend
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Elizabeth Cooksey, who formerly led ModCloth's retail expansion, will take on a role as Caliva's head of retail.

Cooksey, who is only in her second week working at the startup, said she took the role after taking a"self-imposed sabbatical" that took her to India for a month.She said the opportunity at Caliva came about in a"synergistic" way."I was definitely open to talking with different companies in cannabis and wanted to ensure that if I went this direction that I aligned myself with the very best company," said Cooksey.

"Through and through, all of the elements I did my research on — and it was quite extensive — was very positive," said Cooksey.Read more: These execs are likely convinced by the potential upside of molding an industry in its early stages, and the equity that comes with getting in on the ground floor of what could be the next batch of multi-billion dollar startups.

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