Ancillary Marijuana Companies

‘Christmas is coming early’: Canada’s draft rules for marijuana edibles expected in coming weeks

Hotly anticipated draft regulations to allow legal sales of cannabis edibles and concentrates in Canada are expected to be released before Christmas, according to sources, paving the way for a new wave of businesses and entrepreneurs aiming to capitalize on the country’s recreational marijuana industry. Edibles sales will begin next year, opening a potentially huge […]

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The entourage effect: Is it a legitimate theory worth marketing by cannabis companies?

Many marijuana and terpene enthusiasts believe the unique effects of individual plants are the result of different cannabinoids – most notably THC – working in concert with other cannabinoids and terpenes. They call it the “entourage effect,” and some cannabis businesses have increasingly paid attention to it as a unique way to market and sell […]

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MJBizCon 2018 begins with record attendance, reflecting marijuana industry’s rapid growth

The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new MJ markets worth up to $2 billion. Some 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]

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MTech, MJ Freeway name their merged marijuana company ‘Akerna’

Denver cannabis technology business MJ Freeway and MTech Acquisition, a special-purpose acquisition firm, said their new holding company set to list on the Nasdaq will be named Akerna once their merger is completed. In a news release, Scott Sozio, CEO of MTech (Nasdaq: MTEC), said the name Akerna – with “kern” at its center – has two meanings, both […]

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Eaze co-founder inks $5 million raise for marijuana logistics firm

A former executive of marijuana tech startup Eaze has raised $5 million for a new B2B logistics and e-commerce platform, Wayv. Based in Los Angeles, Wayv allows marijuana retailers to buy from a network of licensed cannabis companies and receive next-day deliveries. The platform integrates real-time tracking, regulatory and compliance features. Keith McCarty, a co-founder […]

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Marijuana vape firm Pax Labs raises $20M but seeks to avoid VC dependence

San Francisco-based Pax Labs has closed a $20 million funding round, Bloomberg reported. CEO Bharat Vasan told the news outlet that the company wanted to keep the investment small to “avoid becoming overly dependent on venture capital.” Launched by the founders of e-cigarette maker Juul, Pax Labs vaporizers allow users to control the device with […]

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Ahead of Canada’s big day, forecast for cannabis industry gets a boost

On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments. “The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast,” Wall Street analyst […]

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Hawaii lab rejects more than 20% of medical marijuana tested

Hawaii’s first and biggest cannabis testing lab is sending back a sizable percentage of the medical marijuana it tests for contaminants. Honolulu-based Steep Hill Hawaii is rejecting 20%-30% of the marijuana that comes through its doors, according to Hawaii News Now. Michael Covington, chief operations officer for Steep Hill Hawaii, told the news outlet that 95% […]

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Facebook to allow cannabis searches ahead of Canada’s adult-use legalization

Social media giant Facebook will stop blocking marijuana-related searches, including those for legitimate businesses with the word “cannabis” or “marijuana” in the name, MarketWatch reported. The move, which ends a monthslong block on cannabis and related search results, is expected to help marijuana businesses engage with consumers via social media. Facebook’s unexpected decision comes ahead of […]

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Navigating the marijuana sector: Q&A with Chris Hagedorn, GM of Scotts Miracle-Gro unit Hawthorne Gardening

If you’ve ever planted a garden or nurtured a lawn you’ve probably heard of Scotts Miracle-Gro. The Ohio company’s subsidiary, Hawthorne Gardening in Vancouver, Washington, has more recently helped cultivators with a trickier plant than carrots or Kentucky bluegrass: cannabis. Hawthorne’s rapid expansion has helped transform Scotts into a cannabis juggernaut from its early days […]

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