Ancillary Marijuana Companies

Lawyers Warned in Select States About Working With Medical Cannabis Firms

Omar Sacirbey  | August 17, 2016

By Omar Sacirbey

Legal ethics panels in a few states – most recently New Mexico and Ohio – have warned local attorneys that helping medical marijuana businesses can be a violation of professional rules of conduct.

The non-binding opinions could make it tougher for MMJ businesses in those states to get legal representation.

Four Cannabis Companies on Inc. 500 List

John Schroyer  | August 17, 2016

Four cannabis-related firms – including Marijuana Business Daily – have been named to Inc. magazine’s annual list of the 500 fastest-growing private companies in the nation, yet another indication of how legitimate the MJ trade has become.

The marijuana businesses on the Inc. 500 list, which appear alongside companies in mainstream industries, are involved in diverse …

BioTrackTHC Gets Top Score in Puerto Rico

John Schroyer  | August 10, 2016

BioTrackTHC said Wednesday that it earned the highest score in a heated competition in Puerto Rico among cannabis tech companies trying to land the U.S. territory’s seed-to-sale medical marijuana tracking contract.

No other details were revealed in the company’s press release, and a contract has yet to be signed. But the Metro …

Canadian Cannabis Company’s Move to Large Stock Exchange Could Create Positive Ripple Effect

Omar Sacirbey  | August 10, 2016

By Omar Sacirbey

Canada-based Canopy Growth recently made history when it began trading on the Toronto Stock Exchange, becoming the first marijuana cultivator to list on a major North American exchange.

The move could spur more Canadian – and possibly even U.S. – medical cannabis companies to list on the exchange, one of the world’s largest.

CO Online Wholesaler Partnering With Cannabis Software Firms

John Schroyer  | August 1, 2016

Colorado-based online wholesale platform Cannabase has entered into exclusive partnerships with seed-to-sale tracking software companies MJ Freeway and BioTrackTHC.

The partnership, announced by the companies, will bring new weight to Cannabase’s pricing and inventory information, given that it will now be backed by MJ Freeway’s and BioTrackTHC’s data. In a pair …

Assessing the Marijuana Investment Climate: Q&A With First Capital Venture’s Erin Turoff

John Schroyer  | July 21, 2016

By John Schroyer

Erin Turoff packed her belongings and moved to Denver from New York City earlier this year for one reason: to get into marijuana investing.

The seasoned asset management professional – who previously rubbed elbows with institutional investors and hedge fund managers – is convinced cannabis is the investment world’s next big thing. 

Week in Review: MMJ Stare Down, Miracle Wager in Cannabis & Colorado’s Industry Unites

John Schroyer  | July 8, 2016

By John Schroyer and Omar Sacirbey

Two medical marijuana campaigns slug it out in Arkansas, Scotts Miracle-Gro wagers big on a different kind of grass, and Colorado cannabis business leaders unite to fight a potency cap.

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

Google Preparing to Work With the Cannabis Industry?

Omar Sacirbey  | July 6, 2016

By Omar Sacirbey

Is global technology giant Google the latest major U.S. corporation to kick the tires of the marijuana industry?

It could be. Signs suggest the Mountain View, California-based company is exploring the opportunity to work with cannabis businesses.

Helix TCS Acquires Colorado Marijuana Wholesale Site

John Schroyer  | July 5, 2016

Helix TCS, a Colorado cannabis company that offers a wide range of services for industry firms, announced Tuesday it has acquired Cannabase, a leading online wholesale platform where many of the state’s growers and retailers buy and sell marijuana.

The move broadens Helix TCS’s reach into the marijuana industry. Helix, a public company which trades …