Ancillary Marijuana Companies

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 …

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.