Ancillary Marijuana Companies News

MJBizDaily launches annual cannabis industry survey to collect key business data

Marijuana Business Daily has launched its seventh annual survey of cannabis industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, vertically integrated businesses, testing labs and ancillary firms, […]

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Lack of cannabis tracking data in WA sparks confusion, missed business opportunities

A dearth of comprehensive price and sales data and incorrect figures about marijuana commerce have sowed confusion among cannabis businesses in Washington state since regulators rolled out a new traceability system more than a year ago. Cannabis analytics companies that long relied on the data have watched their revenues shrink. Also, the lack of market […]

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Colorado cannabis greenhouse builder files for Chapter 11

A Denver-based marijuana greenhouse developer is filing for bankruptcy after raising more than $15 million from investors. According to Denver news site BusinessDen, GrowCo owes at least $8.6 million to roughly 50 creditors. GrowCo is filing for Chapter 11 bankruptcy, which can be used to keep a business afloat by reorganizing and paying back debts […]

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Cannabis firm KushCo raises $34 million to fund working capital, new technology

California-based KushCo Holdings, a diversified marijuana company specializing in packaging and other products and services, closed on a $34 million stock funding that comes on the heels of a similar direct offering last June. KushCo plans to use the latest funding much as it did its $36 million June raise – to fund working capital, growth needs and technology […]

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‘Investors smell opportunity’: Bermuda courts cannabis industry

Bermuda is lifting a regulatory ban on marijuana investment funds, a move that could grow the pool of international capital available for the legal cannabis industry and blaze a trail for other offshore financial centers. It is part of the British island territory’s plan to court the medical marijuana industry – both investment funds and cultivation […]

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Cannabis REIT investing $25 million in Illinois MMJ grow facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending up to $25 million to acquire and a lease out a property in Illinois that is slated to be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock […]

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After huge cannabis investment, Altria buys $13B stake in vape firm Juul

Two weeks after announcing a major move into the marijuana market with an investment of $1.8 billion in Canadian medical and recreational MJ provider Cronos Group, Marlboro maker Altria revealed it is spending nearly $13 billion to buy a huge stake in the vape company Juul. E-cigarettes and other vaping devices have been sold in […]

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‘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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