Ancillary Marijuana Companies

News on Ancillary Products & Services

Layoffs at marijuana investment firm Privateer Holdings

Privateer Holdings, a marijuana-focused private equity company, has laid off a portion of its workforce, only weeks after its subsidiary Leafly cut 15 employees. The Seattle-based cannabis investment firm did not reveal how many staffers were eliminated, according to GeekWire. Layoffs by a prominent cannabis company like Privateer might strike industry watchers as strange, especially considering workforce […]

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New rules would have major impact on most Canadian cannabis businesses

A new set of regulatory proposals has been released by Health Canada that would have wide-ranging implications for most businesses in Canada’s marijuana industry — and even many stuck in the gray market. The regulations would facilitate the coming into force of the Cannabis Act – which is still subject to parliamentary approval – and […]

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Longtime Marijuana Policy Project chief Rob Kampia stepping down

The founder of Marijuana Policy Project, Rob Kampia, is bowing out as executive director of the organization. Kampia, who co-founded MPP in 1995, will become director of strategic development and will continue to serve on the boards of directors for both MPP and the MPP Foundation, according to a news release issued Tuesday. Matthew Schweich, who […]

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The power of data, fundraising and expansion: Q&A with Headset’s Cy Scott

When Cy Scott, Scott Vickers and Brian Wansolich co-founded the strain and dispensary listings website Leafly in 2010, a developed marijuana consumer market already existed. The legal cannabis industry, however, was still getting started. Leafly thrived and, before long, caught the attention of Privateer, a cannabis-focused holding firm that bought the web company in 2011 […]

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Ex-MassRoots CEO makes move to oust board, current leadership

MassRoots founder and former CEO Isaac Dietrich on Monday filed paperwork with federal regulators to call for a special meeting and new shareholder vote, an attempt to force his way back into the company and dethrone the other board members who fired him last month. Dietrich – who owns 15.82% of the company’s outstanding stock […]

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Marijuana Business Daily’s annual cannabis industry survey underway

Marijuana Business Daily has launched its annual survey of executives and major investors in the cannabis space, which will help the company provide key market, financial and operational data for businesses and entrepreneurs. Executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis […]

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Cannabis online platform raises $10 million

LeafLink, an online inventory and ordering platform for marijuana businesses, has raised $10 million in Series A funding. The round was led by Nosara Capital, a London-based venture capital firm, according to a LeafLink news release. Nosara was joined by previous LeafLink investors from both inside and outside the cannabis space, such as Lerer Hippeau Ventures, […]

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Marijuana industry’s future is bright, MJBizCon speakers say

New Jersey recreational marijuana legalization may be a highlight of 2018; it’s possible but unlikely the Trump administration will crack down on the U.S. cannabis industry; and major mainstream corporations are “not going to miss out” on the business opportunities presented by the burgeoning marijuana trade. Those are just a few of the highlights from […]

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Cannabis industry expected to turn out in record numbers for MJBizCon

An industry record-breaking crowd of 17,000 is expected to attend the three-day MJBizCon that kicked off Wednesday morning in Las Vegas. The conference, now in its sixth year, features 112 speakers and 678 exhibitors packed into over 100,000 net square feet of floor space at the Las Vegas Convention Center.

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MassRoots’ net loss widens, but cash reserves grow

MassRoots saw its red ink double in the third quarter, though the cannabis-focused social media network’s cash reserves were substantially higher than the previous three-month period. According to the company’s latest quarterly filing with the Securities and Exchange Commission, MassRoots posted a $7.1 million net loss in the third quarter versus $3.5 million a year earlier. Revenue […]

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Week in Review: Leafly layoffs, deceiving CBD labels & Detroit’s MMJ wins

By Bart Schaneman, Kristen Nichols and John Schroyer  Leafly lays off employees amid new leadership, a study says most CBD products are improperly labeled, and Detroit voters approve pro-medical marijuana laws. Here’s a closer look at some notable developments in the marijuana industry over the past week.

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