Ancillary Marijuana Companies

Cannabis Packaging Firm Nets $1M, Partners With Snoop

Omar Sacirbey  | November 3, 2015

FunkSac, a packaging company catering to the cannabis industry, has reportedly received more than $1 million in funding from Casa Verde Capital and also struck a partnership with the investment firm’s managing member, Snoop Dogg.

FunkSac CEO Garret Fortune said the company will use the funding to pay off debt, open new facilities, expand …

Marijuana Startup Tradiv Closes $1M Funding Round

John Schroyer  | October 30, 2015

Tradiv, which runs an online platform that facilitates wholesale transactions in the cannabis industry, has cemented a $1 million round of funding to help fuel its growth.

The firm formally launched on Oct. 1 after finishing a business accelerator program with CanopyBoulder in June. It was able to raise the $1 million through connections …

BioTrackTHC Sued By its Former Attorney

John Schroyer  | October 30, 2015

One of the leading software firms serving the cannabis industry has been hit with a lawsuit by one of its former attorneys over alleged violations of an employment contract.

The lawsuit – filed in a Broward County, Florida, circuit court – alleges that BioTrackTHC has not granted or paid the value of stock options …

MMJ Vaporizer Firm Lands $1.65M From Dutch Province

Omar Sacirbey  | October 30, 2015

A provincial council in the Netherlands will invest about $1.65 million in a company that is working on a vaporization system involving cannabis-impregnated pads.

The company, Spirocan, hopes to complete development next year and then begin clinical trials on patients, company spokesman Pieter Andre de la Porte told the Financieele Dagblad.

The product is expected …

Cannabis Startup Joins Prominent Chicago Tech Incubator

Omar Sacirbey  | October 28, 2015

In another sign that marijuana is becoming a mainstream business, the Chicago-based technology incubator 1871 has brought cannabis startup Kannatopia into its fold.

Kannatopia aims to create a social network dedicated to marijuana aficionados who are seeking a space to talk about cannabis, but are reluctant about doing it on popular platforms like Twitter, Facebook …

Founder of Prominent Cannabis Lab Forced Out

John Schroyer  | October 5, 2015

Genifer Murray, a longtime staple of Colorado’s marijuana industry, was recently forced out of her position as CEO and director of CannLabs, a company she founded in 2010.

According to filings with the U.S. Securities and Exchange Commission, there was an acrimonious split between Murray and the board of directors.

CannLabs, a publicly traded …

Cannabis Business Named Runner-Up in Tech Competition

John Schroyer  | September 28, 2015

Maybe TechCrunch doesn’t have anything against marijuana companies after all.

The tech industry website, which regularly hosts events for fledgling firms, named cannabis-related software company Green Bits as a runner-up in its Startup Battlefield competition in San Francisco. That’s no small feat, given that a thousand companies applied for a spot in the …

Week in Review: Progress in New Jersey, More WA Rec Licenses Up for Grabs + Snoop Triples Down

John Schroyer  | September 25, 2015

By John Schroyer

The fourth medical cannabis dispensary in New Jersey prepares to open, Washington State gears up to accept applications for new recreational marijuana permits, and a celebrity unveils plans to start a marijuana-related business.

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

Snoop Dogg, Media Entrepreneur Launching Marijuana Business

Chris Walsh  | September 22, 2015

Cannabis business owners will have another way to reach potential customers beginning next month, courtesy of rapper Snoop Dogg and media entrepreneur Ted Chung.

The two have teamed up to launch a website called Merry Jane, which will focus on providing content for marijuana users but will also aim to serve as a …

Marijuana Software Exec Wins Fortune Magazine Award

John Schroyer  | September 16, 2015

The march towards mainstream acceptance continues for the marijuana industry.

An executive with MJ Freeway, a woman-owned cannabis software company in Denver, has been named as one of eight recipients of Fortune Magazine’s 2015 Most Promising Women Entrepreneur Award.

Jessica Billingsley, co-founder and chief operating officer of the company, will accept her award at a …

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 businesses, but the key to its recent success has been its ability to win state contracts for custom seed-to-sale tracking systems.