Ancillary Marijuana Companies

Ohio OKs funding for medical marijuana seed-to-sale system

Bart Schaneman  | July 26, 2017

Ohio’s medical marijuana budget swelled to $11 million after state regulators received approval to spend an additional $6 million over the next two years, including the purchase of a seed-to-sale tracking system.

The funding for the Ohio Medical Marijuana Control Program is on top of the previously approved $5 million.

The largest sum …

Establishing cannabis industry standards: Q&A with NACB President Andrew Kline

Bart Schaneman  | July 6, 2017

By Bart Schaneman

A new self-regulatory organization aims to tackle a problem plaguing the cannabis industry: a lack of industrywide standards governing areas such as packaging, accounting and public safety.

It also hopes to play a role in resolving another issue: federal government interference.

Company behind MJBizDaily in legal dispute with former exec

Chris Walsh  | June 28, 2017

The parent company of Marijuana Business Daily is involved in a legal dispute with its former president and publisher over several employment-related issues, including those tied to his termination, compensation and noncompete agreement.

Rhode Island-based Anne Holland Ventures recently filed a lawsuit in Denver County District Court alleging that George Jage violated the terms of his …

Cannabis firm’s exposure from Dennis Rodman trip hailed as ‘truly genius’ marketing

John Schroyer  | June 28, 2017

By John Schroyer

Ancillary cannabis firm PotCoin grabbed national media attention in mid-June when it sponsored former NBA star Dennis Rodman's highly publicized trip to North Korea.

The coverage was considered a coup as major mainstream outlets such as CNN, The Washington Post and Business Insider picked up the story.

MJ Freeway experiences second security breach in 2017, calls it ‘a theft’

John Schroyer  | June 20, 2017

By John Schroyer

Denver-based MJ Freeway, one of the more prominent software firms in the cannabis sector, has suffered a cybersecurity breach for the second time in six months.

The company said some of its source code information was posted illegally online last week.

MJ Freeway officials are calling it "a theft" but said the breach won't impact customer or …

Analysts: High Times sale could buoy cannabis industry

Omar Sacirbey  | June 15, 2017

By Omar Sacirbey

The marijuana industry can expect higher valuations, more capital injections and increased merger and acquisition activity after the sale of High Times and the iconic magazine's Cannabis Cup.

That’s the assessment of analysts following the deal, in which investors paid $42 million for a 60% stake in the company.

California commissioner to insurers: Serve marijuana firms

Omar Sacirbey  | June 5, 2017

California’s insurance commissioner is calling on insurance companies to provide coverage to cannabis firms in the state.

Commissioner Dave Jones’ efforts are notable given that insurance would be mandatory for cannabis businesses under proposed rules drafted by California regulators.

Jones is conducting a series of meetings with major insurance carriers in the …