Ancillary Marijuana Companies

Scotts Miracle-Gro establishes 80% ownership of home-grow firm

Bart Schaneman  | December 1, 2016

In its latest marijuana-related deal, Scotts Miracle-Gro Co. said it has secured an 80% stake in AeroGrow International, which sells home-growing kits for indoor gardeners.

Scotts Miracle-Gro acquired some 21.6 million shares of Colorado-based AeroGrow for $47.8 million, and the deal has further extended the Ohio company’s reach into the marijuana trade.

Scotts has purchased …

Trade groups tied to cannabis industry sprouting up rapidly

John Schroyer  | November 23, 2016

By John Schroyer

It wasn’t too many years ago that groups such as the Marijuana Policy Project, the Drug Policy Alliance and a few others were the only formally organized pro-cannabis associations in the United States.

But as the cannabis industry has spread, a variety of marijuana organizations – particularly dozens of trade groups – …

Helix TCS becomes largest single shareholder in MJ software firm

John Schroyer  | November 7, 2016

Colorado-based Helix TCS, which has been expanding its holdings in the marijuana trade, announced Monday it has become the largest shareholder in Florida-based BioTrackTHC, a longtime manufacturer and supplier of seed-to-sale cannabis tracking software.

Specific terms of the deal were not disclosed.

Helix and its capital partner, Rose Capital Advisors of Miami Beach, agreed to …

Zacks Investment: 4 best stocks to cash in on cannabis ‘green rush’

Bart Schaneman  | November 4, 2016

The decades-old Zacks Investment Research is recommending four “cannabist-related” companies – including some household names – for stock investors wanting to cash in on the so-called marijuana “green rush.”

The stock research firm, founded in 1977, projects that Tuesday’s election will yield yes votes in several states where marijuana legalization initiatives are on the …

Canadian pharmacy chain applies to dispense medical marijuana

Omar Sacirbey  | October 25, 2016

Canada’s largest pharmacy chain, Shoppers Drug Mart, has formally applied to the federal government to be a distributor of medical marijuana.

If Shoppers Drug Mart is allowed to sell medical marijuana by Health Canada, it would mark a major shift in Canada’s medical marijuana market.

Currently, Canadian medical cannabis patients must either grow their …

MassRoots receives $1.1 million in new funding

Bart Schaneman  | October 10, 2016

Cannabis-centric social media site MassRoots received $1.1 million in funding on Friday, mostly from new investors, and disclosed it slashed the salaries of its top executives to cut costs.

MassRoots’ founder and CEO, Isaac Dietrich, led the latest funding round, with former MyPoints.com CEO Steve Markowitz also among the contributors. The announcement came as the …

Week in Review: Cannabis election map set, credit unions get serious, Puerto Rico fight

John Schroyer  | September 23, 2016

By John Schroyer and Omar Sacirbey

The November cannabis election map is essentially finalized, credit unions get serious about marijuana businesses, and a Denver attorney weighs in on the MJ software battle in Puerto Rico.

Here’s a closer look at some notable developments in the marijuana industry over the past week.