Ancillary Marijuana Companies

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 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.

MJ Freeway and Weedmaps partner on new service

John Schroyer  | September 7, 2016

Two big names in the cannabis industry, software company MJ Freeway and online retail guide Weedmaps, are partnering to offer a service for marijuana vendors to automatically update their online menus.

According to a press release, the two companies will offer retailers who use MJ Freeway’s seed-to-sale tracking platform an opportunity to use Weedmaps to update their …

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 …