Ancillary Marijuana Companies

Chart of the Week: New Businesses Flooding the Cannabis Industry

Marijuana Business Daily staff  | February 2, 2015

By Marijuana Business Daily staff

The Green Rush is alive and well.

Roughly 53% of cannabis-related businesses either launched in 2014 or are in startup mode now, underscoring intense entrepreneurial interest in the industry, according to preliminary data from Marijuana Business Media’s recent survey of executives in the sector.

This represents a slight uptick from …

Plan to Open 1st Alaska ‘Dispensary’ Draws Criticism

John Schroyer  | January 28, 2015

The former TV reporter who generated controversy last fall when she quit her job on-air to support Alaska’s recreational marijuana legalization effort is at it again.

Charlo Greene plans to open a pseudo-dispensary in downtown Anchorage on Feb. 24, the day rec possession and consumption formally become legal in the state, according to …

Medical Marijuana Inc. Acquiring Startup Valued at Up to $243M

John Schroyer  | January 22, 2015

Medical Marijuana Inc. announced Thursday that it has signed an agreement to acquire Kannaway, a startup hemp products company that was recently valued at up to $243 million by a noted investment banking firm.

Financial terms of the deal were not disclosed.

But Medical Marijuana Inc. said that Houlihan Capital pegged Kannaway’s fair market value …

Growing Number of Banks & Credit Unions Catering to Cannabis Industry, But Challenges Remain

John Schroyer  | January 22, 2015

By John Schroyer

The lack of access to traditional banking services is a constant concern in the cannabis world, but the narrative is finally starting to change.

An increasing number of banks and credit unions have opened their doors to the industry or are preparing to provide services to medical and recreational shops, growers and …

Rhode Island’s First MMJ Vape Lounge Opens

Tony C. Dreibus  | January 19, 2015

Two entrepreneurs have opened Rhode Island’s first vape lounge, a bold venture in a state with no defined law on such businesses.

Kevin Cintorino and Ray Diao opened Elevated, the state’s first lounge that allows MMJ patients to use vaporizers, because they often have a …

Hiring, Salaries and Consumption Policies: Q&A With Founders of Viridian Staffing

Tony C. Dreibus  | January 7, 2015

By Tony C. Dreibus

Hiring qualified employees is paramount to the success of any business. But finding a high-level executive, top-notch master grower or even a budtender in a nascent industry that revolves around a federally illegal drug can be especially difficult.

Aside from bringing on talent, marijuana companies run into numerous obstacles when it