Ancillary Marijuana Companies News


Marijuana packaging firm KushCo lays off 49, blames COVID-19

KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, on Thursday said it laid off 49 employees this month as the California company’s CEO noted that “the COVID-19 pandemic creates ever-increasing uncertainty in the cannabis industry.” The layoffs will save the company about $4 million, according to a company news release. Since last […]

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Concerns looming over coronavirus impact on cannabis industry, but some US firms could gain from fallout

Marijuana and hemp companies of all stripes – from growers to retailers – are likely to join other global industries feeling the fallout from the coronavirus outbreak. That’s largely because so much inexpensive cannabis hardware is made in China but also stems from the economic shock the virus is inflicting on the world economy, industry […]

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Marijuana information firm Leafly closes Germany operation

Leafly, an online cannabis strain and dispensary guide based in Seattle, closed its operation in Germany, Marijuana Business Daily has learned. The company’s German website – Leafly.de – has been frozen since the end of January. A Leafly spokesperson confirmed the closure to MJBizDaily, writing in an email that the company “has closed its Germany-based operation and […]

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Chart: Cannabis delivery companies adapt strategy to focus on increasing participation by women

As cannabis acceptance becomes widespread, consumer demographics have shifted to include more women, impacting methods used by businesses to reach their target audience. San Francisco-based Eaze, an online cannabis marketplace and home delivery service, reported the number of women participating on its platform increased 81% between 2018 and 2019. That brings the company’s total proportion […]

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MassRoots’ cannabis website back up, but financial status still uncertain

The website for cannabis technology company MassRoots is back online, but questions linger about the Denver company’s financial condition. MassRoots’ website was down for a number of days in early December, and the company – which is a month late in filing its third-quarter financial report with the U.S. Securities and Exchange Commission – reported losses […]

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Maine needs more recreational cannabis testing labs

The rollout of adult-use cannabis sales in Maine is being threatened by a lack of testing facilities. So far, only one lab has applied to be certified as a testing facility. Maine officials are hopeful they’ll receive more applications but acknowledge the shortage of labs could slow retail sales of recreational marijuana. – Associated Press

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MJBizCon 2019: Marijuana professionals offer business insights on vaping crisis, M&A, retail best practices & more

LAS VEGAS – Cannabis experts took to the MJBizCon stage this week to share marijuana business know-how and best practices, touching on everything from the vaping epidemic to corporate integration challenges surrounding M&As to the future of marijuana retail and more. Rebounding from the vaping epidemic What can legal marijuana vape manufacturers and retailers do […]

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MJBizDaily, Cowen ink cannabis information distribution deal

Marijuana Business Daily and New York-based financial investment advisory firm Cowen on Wednesday announced an exclusive partnership in which MJBizDaily will distribute Cowen’s cannabis industry reports and MJ policy research. Distribution of Cowen’s cannabis-related research by MJBizDaily is expected to launch in the first quarter of 2020. Cowen’s cannabis research features Wall Street analyst Vivien Azer. “This partnership […]

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Canadian cannabis publisher Civilized sheds jobs amid New Frontier purchase

New Brunswick, Canada, marijuana publishing company Civilized Worldwide is “temporarily” laying off its entire workforce ahead of a pending sale to Washington DC-based New Frontier Data. New Frontier, a data and analytics company, said in a news release it has completed its diligence and will move forward with its acquisition of Civilized. The companies did […]

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