Ancillary Marijuana Companies News

Multistate cannabis operator Vertical closes $58 million Series A funding round

Los Angeles-based Vertical Companies – a vertically integrated multistate cannabis firm – closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. The company originally targeted a $20 million funding but boosted that to $35 million in late 2018 because of investor demand. The $35 million […]

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CEO of company bought by PepsiCo invests in, joins board of cannabis tech firm Seedo

The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]

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Ancillary marijuana companies hit by declining economies pivot to emerging MJ markets

Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]

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Cannabis data firm Headset to partner with global analytics company Nielsen

Global measurement and data analytics company Nielsen has formed an alliance with Seattle-based cannabis analytics firm Headset to provide insights about the U.S. marijuana market to consumer packaged goods (CPG) businesses. According to a news release, the two firms are joining forces as New York-based Nielsen develops “a full suite” of cannabis measurement capabilities to […]

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Walmart Canada removes Canopy Growth’s cannabis vaporizer from website

Walmart Canada removed a popular medical marijuana vaporizer from its online store last month and now says it has no immediate plans to sell cannabis-related products. The Storz & Bickel Volcano Medic Vaporizer, a product owned by cannabis giant Canopy Growth, was removed from the Walmart.ca website at the end of January. It had been […]

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Cannabis firms offer stock options, poach job candidates: Q&A with recruiter Karson Humiston

When Karson Humiston founded the Denver-based cannabis recruitment agency Vangst in 2015, she’d call prospective candidates herself. Today, Vangst has about 75 employees and offices in Los Angeles, Oakland, Seattle and Boston. And the company is getting flooded with about 500 resumes a day, far too many for Humiston, the CEO, to handle. Underscoring the […]

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Alaska marijuana business owners to gain access to financial services

A nonprofit credit union in Alaska, Anchorage-based Credit Union 1, is set to begin offering financial services to cannabis companies in the state in March, which will allow those businesses an avenue to reduce their reliance on cash. It is the first time marijuana companies in the state have had access to this kind of banking option, according […]

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Marijuana Business Daily appoints new editor in chief

Marijuana Business Daily has appointed Howard Burns, a longtime top editor in business-to-business journalism, as its editor in chief. The position is new for the company. Burns will oversee the entire editorial operation, including the MJBizDaily website as well as MJBizDaily International, Hemp Industry Daily, Marijuana Business Magazine and the company’s annual Marijuana Business Factbook and industry reports. He reports […]

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CannaRegs looks beyond marijuana industry with $2 million capital raise

Contrary to the trend of mainstream companies reaching into the marijuana industry, a firm founded to serve cannabis clients is expanding into traditional technology services for businesses that have nothing to do with the plant. Denver-based CannaRegs said in a news release it has raised $2 million from investors to launch Regs Technology, which will […]

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