Ancillary Marijuana Companies

Giant Vape Lounge Opens in Canada

Omar Sacirbey  | January 29, 2016

A 6,000-square-foot vape lounge for medical marijuana users that opened recently in Canada has averaged 110 customers a day in its first week of business, according to its owners.

Higher Limits – located in Windsor, Ontario – generates revenues via a $5 charge to enter the lounge. It also rents out and sells vaporizers and other paraphernalia, co-owner Jon …

Going Global: Roundup of International Marijuana Business Opportunities

John Schroyer  | January 28, 2016

By John Schroyer

The world has taken enormous strides in relaxing marijuana laws as of late.

Nearly 20 countries have legalized cannabis possession and consumption to some degree (primarily for medical purposes), including Bangladesh, Canada, Colombia, Jamaica, Italy and Uruguay, to name a few.

Cannabis Hub for Growers, Processors to Open in Tacoma

Omar Sacirbey  | January 25, 2016

A developer and his partners plan to turn part of a former food-processing plant in Tacoma, Washington State, into a hub for cannabis companies.

George Heidgerken and his partners in a company called That Other Stuff recently bought the former Nalley Fine Foods plant in an industrial area of Tacoma. They will use part of …

Denver Mayor Opens Door to Cannabis Clubs

John Schroyer  | January 20, 2016

Denver Mayor Michael Hancock may be changing his mind on the question of cannabis clubs.

If the city decides to begin allowing private consumption at lounges, not only would that solve an obvious problem for tourists of where to light up, but it could also open the door for a whole new realm …

Cannabis Magazine to be Sold at Airports

Omar Sacirbey  | December 24, 2015

A consumer-focused cannabis magazine announced that it will be available in airports across North America starting this week, moving marijuana further into the mainstream and giving businesses a way to reach more patients and MJ users.

Under a deal with Hudson News, the bi-monthly magazine Cannabis Now will be sold at newsstands at 50 …

Cannabis Software Firm MJ Freeway Raises $8M for Expansion

John Schroyer  | December 21, 2015

By John Schroyer

Colorado-based MJ Freeway, one of the most prominent cannabis-related software companies in the nation, announced this morning that it has completed an $8 million round of fundraising.

The figure could be a record-setter in terms of capital raised by a software firm focused on the marijuana industry.

Marijuana Business Incubator Launches in Oakland

Omar Sacirbey  | December 18, 2015

It may seem strange that California’s first cannabis business incubator just launched, but better late than never.

Based in Oakland and founded by two technology veterans, Gateway Inc. seeks to nurture both ancillary firms and companies that handle the plant, such as growers, dispensaries, and extractors.

Gateway will provide companies with $30,000 in return for …

Washington DC Reconsiders Smoking Ban

Omar Sacirbey  | December 11, 2015

Marijuana businesses could see expanded opportunities in Washington DC if local lawmakers allow a ban on smoking in businesses or public to expire.

Opponents of the ban, which effectively means that marijuana can only be consumed at home, testified recently that the city shouldn’t be in the habit of banning an activity in private …

Week in Review: Strong Illinois MMJ Sales, Positive Merrill Lynch Report & British Firm’s U.S. Expansion

John Schroyer  | December 11, 2015

By John Schroyer and Omar Sacirbey

Illinois medical cannabis sales start off on a positive note, Merrill Lynch takes an in-depth look at the marijuana industry, and a British MMJ company boosts production in anticipation of a U.S. expansion.

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

Vaporizer Startup Names Former Keurig Exec as New CEO

John Schroyer  | December 10, 2015

A new vaporizer company based in Boston has named Dave Manly, a former senior vice president with the coffee brewing system producer Keurig, as its new chief executive officer.

The Massachusetts-based CannaKorp, which produces a vaporizer system called the CannaCloud, made the announcement in a press release Thursday. Manly was an executive with Keurig for …