Ancillary Marijuana Companies News

Canadian Chamber throws weight behind marijuana industry

Canada’s largest business association is throwing its weight behind the cannabis industry. Canada must do more to realize the full economic potential of the country’s marijuana sector, according to the Canadian Chamber of Commerce. The Chamber has established the National Cannabis Working Group to advocate on businesses’ behalf to improve the sector’s competitiveness. “This partnership […]

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MJBizCon is fastest-growing trade show again, mirroring marijuana market’s growth

For the fourth year in a row, MJBizCon ranked as the fastest-growing trade show in the United States, echoing the rapid growth of the MJ industry both in this country and overseas. The business-to-business conference, put on each fall by Marijuana Business Daily, finished first for percentage growth in paid net square feet of exhibit […]

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Merged cannabis firms MJ Freeway, MTech to begin trading on Nasdaq

Akerna, the newly formed marijuana company involving the merger of cannabis technology company MJ Freeway and MTech, a special purpose acquisition company, is to begin trading on the Nasdaq on June 18. MJ Freeway CEO Jessica Billingsley will lead the company, which will trade under the ticker symbol KERN. The completed deal was to have […]

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Dixie Brands to enter Oklahoma marijuana market through deal with Globus

Dixie Brands, a Denver-based consumer packaged goods company, said it is entering the Oklahoma medical cannabis market through a manufacturing and distribution agreement with Globus Holdings. Oklahoma marks the sixth state where Dixie has operations. The company trades on the Canadian Securities Exchange under the ticker symbol DIXI. There are roughly 130,000 medical marijuana patients in […]

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Google says no to cannabis-related service apps in its play store

Tech giant Google banned all marijuana-related apps from its play store, meaning Android phone users now won’t be able to download apps that facilitate home delivery or other services. The ban went into effect May 29, the Digital Journal reported, and Google said in a statement: “We don’t allow apps that facilitate the sale of […]

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Cannabis capital ‘rotating’ away from Canada to United States, analyst says

Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry. “Many investors we have spoken to have begun to rotate capital from Canada to the U.S. on the fear that Canadian players will be unable to capture growth […]

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Former US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board

Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat Harley Rouda in 2018, announced on Twitter that he has become a shareholder and advisory board member for BudTrader, an online advertising platform for marijuana products, services, jobs, equipment and more. I'm proud to announce I've joined https://t.co/ya09tKK9hc as a […]

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Marijuana group 4Front secures $50 million loan to help build facilities

Phoenix-based 4Front Holdings, a vertically integrated cannabis group, has secured a $50 million loan to help it build cultivation and production facilities connected with the company’s expected merger with Cannex Capital. The deal with Vancouver, British Columbia-based Cannex is awaiting final approval from U.S. antitrust authorities. The resulting combined entity is to be named 4Front […]

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