Ancillary Marijuana Companies

Building a Business on the Back of Government Contracts: Q&A With BioTrackTHC’s Patrick Vo

John Schroyer  | September 2, 2015

By John Schroyer

BioTrackTHC has traveled an interesting path on its way to becoming one of the most prominent software firms serving the cannabis industry.

The Florida-based company works directly with roughly 1,300 cannabis companies, but the key to its recent success has been its ability to win state contracts for custom seed-to-sale tracking systems.

Marijuana Social Networking Site Applies for Nasdaq Listing

John Schroyer  | September 1, 2015

In another sign that the cannabis industry is moving towards the mainstream, the popular marijuana-focused social networking site MassRoots announced on Monday that it has applied for its stock to be listed on the Nasdaq.

If approved, it would become the first marijuana-related technology company to trade on the Nasdaq Capital Market and could pave …

Company Begins Selling CBD Pills Across Europe

John Schroyer  | August 31, 2015

An Australian medical cannabis firm has started selling hemp-derived CBD pills online in Europe, highlighting potential international opportunities for companies that make cannabidiol-infused products.

MMJ PhytoTech is now selling 30-pill boxes of the capsules – called Satipharm – for 89 Euros, or just under $100, according …

DC Entrepreneurs Finding Ways to Profit Without Legal MJ Sales

John Schroyer  | August 20, 2015

Although recreational cannabis sales remain illegal in the nation’s capital, a number of Washington DC-area businesses have come up with various ways to turn a profit from the adult-use market.

Entrepreneurs of all stripes have been launching or restarting marijuana-related ancillary businesses after voters overwhelmingly approved a new law legalizing recreational cannabis use and possession, …

Week in Review: Trio of MJ Capital Raises, New CO Edibles Rules + Ohio Legalization Fight Coming

John Schroyer  | August 14, 2015

By John Schroyer

A trio of marijuana-related companies announced significant fundraising milestones, a series of strict new edibles regulations in Colorado could be costly to manufacturers, and Ohio will host the newest state legalization campaign fight this fall.

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

Cannabis Real Estate Company Secures $800k in Financing

John Schroyer  | August 13, 2015

An Arizona-based real estate company that specializes in cannabis-related facilities announced Wednesday that it has wrapped up an $800,000 round of funding and is immediately starting a second round.

The firm, Scientific Botanical Leasing, will use the funding for improvements on a facility leased by an Arizona MMJ dispensary that signed a 10-year agreement, as …

Leafly Founders Leverage Experience for New Cannabis Venture

Tony C. Dreibus  | August 13, 2015

By Tony C. Dreibus

Cy Scott, Scott Vickers and Brian Wansolich started Leafly about five years ago, when cannabis was not a topic discussed at cocktail parties.

Now they're taking that hard-won experience building a successful cannabis company to tackle a new challenge.

Texas LED Company Lands $16M in Financing

John Schroyer  | August 11, 2015

A Texas-based lighting business that caters in part to cannabis growers has netted $16 million in funding, lifting the company’s total investment haul to $76.8 million since its inception a decade ago.

Illumitex, which produces high-grade light-emitting diodes (also known as LEDs), raised …

Another Company Looks to Deliver MMJ Via Drones

John Schroyer  | August 6, 2015
Here's a novel business concept: ferry medical marijuana straight to patients using drones instead of humans driving cars, thereby reducing delivery times, increasing reliability and possibly lowering long-term costs.