A Denver payroll and business compliance startup that targets the marijuana industry said it's raised $2 million in new funding.

Wurk said the latest round of funding was led by Poseidon Asset Management, with participation from Phyto Partners, Salveo Capital and The Arcview Investor Network.

The company has now raised $3 million in funding, which includes $1 million raised in November. In the first quarter of 2016, the company went through CanopyBoulder’s Accelerator Program.

The latest round will "fund key executive hires and expand more quickly into the newly opened, legal cannabis markets," Wurk said.

Read more at the Denver Business Journal: http://bit.ly/2ptSmyS