Ancillary Marijuana Companies

Scotts Miracle-Gro to focus on North American interests like MJ

John Schroyer  | September 1, 2017

Botany giant Scotts Miracle-Gro has sold off its interests in Europe and Australia with the apparent intent of focusing on the North American market, including marijuana.

The company on Thursday finalized a $250 million deal in which it sold off gardening business interests in seven different countries, meaning that nearly all its revenue …

Week in Review: Netflix + cannabis, Tennessee eyes MMJ & Israel-Canada partnership targets US

John Schroyer  | September 1, 2017

By Bart Schaneman, John Schroyer and Omar Sacirbey

Netflix develops marijuana strains to promote its shows, Tennessee plans to study the impact of medical cannabis, and Israeli and Canadian firms partner to do business in the United States.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

No evidence of widespread bank crackdown on cannabis advocacy groups, observers say

Omar Sacirbey  | August 31, 2017

By Omar Sacirbey

A major bank’s decision to close accounts tied to the Marijuana Policy Project and NORML put cannabis advocacy groups on high alert, with some fearing the start of a concerted attack on the MJ movement by the Trump administration.

But the groups say it appears those initial fears were overblown.

Nevada again expands field for recreational marijuana distribution

Kevin Huhn  | August 30, 2017

Nevada regulators plan to reopen the state’s recreational marijuana distribution system to businesses other than alcohol wholesalers after rejecting an appeal by a liquor group that claims it has exclusive rights to transport marijuana from cultivators to retail stores.

The state Tax Commission voted unanimously Tuesday to uphold a previous decision by the Tax Department …

Public cannabis consumption in Denver moves a step closer

Kevin Huhn  | August 24, 2017

Denver regulators are accepting applications from businesses seeking to become some of the nation’s first to offer legal public marijuana consumption.

Voters approved a ballot measure in November allowing cannabis consumption at certain public businesses in the city. The four-year pilot program was delayed, however, after the state banned marijuana use at places with …

MassRoots acquires CannaRegs in $12 million stock deal

John Schroyer  | August 23, 2017

Cannabis social media platform MassRoots announced Wednesday it has acquired CannaRegs, a website dedicated to helping marijuana companies stay on top of ever-changing industry regulations.

MassRoots – which trades on over-the-counter markets under the ticker symbol MSRT – purchased CannaRegs in a stock deal valued at roughly $12 million, according to a news …

What happened to Women Grow? Rapid growth, strategic changes contributed to contraction

John Schroyer  | August 23, 2017

By John Schroyer

In February 2016, Grammy winner Melissa Etheridge delivered a keynote to 1,200 attendees of a leadership summit hosted by Women Grow. The buzz and excitement underscored the organization’s speedy rise to prominence in the marijuana industry, and the future seemed bright.

But less than a year after the summit, Women Grow started to stumble.

Franwell wins contract for Ohio’s medical cannabis program

Kevin Huhn  | August 22, 2017

Ohio medical marijuana regulators have chosen two vendors to develop the state’s seed-to-sale and online licensing systems.

The Ohio Department of Commerce awarded a $1.3 million contract to Franwell for its Marijuana Enforcement, Reporting, Tracking and Compliance (METRC) seed-to-sale system. METRC is used in several cannabis states, including California.

Persistent Systems won a $574,000 contract to design …

Exhibitors, speakers boycott cannabis expo over Roger Stone

Bart Schaneman  | August 22, 2017

Numerous exhibitors and speakers are boycotting an upcoming cannabis conference in Los Angeles because Roger Stone, a longtime adviser to Donald Trump, is a keynote speaker.

The Minority Cannabis Business Association (MCBA) is leading the protest against Stone’s appearance at the Cannabis World Congress & Business Exposition (CWCBE), scheduled for Sept. 13-15, L.A. Weekly …

Nevada marijuana distribution licenses on hold another week

Kevin Huhn  | August 21, 2017

Nevada’s plan to expand its pool of recreational marijuana distributors is delayed again.

The state’s Tax Commission has agreed not to issue distribution licenses to any non-liquor entities until the panel hears an Aug. 29 appeal from the Independent Alcohol Distributors of Nevada.

A judge last week lifted an injunction that prohibited the …

Banking troubles for Uruguay’s recreational cannabis businesses

Kevin Huhn  | August 21, 2017

It didn’t take long for recreational marijuana businesses in Uruguay to encounter a key challenge that hinders U.S. cannabis companies: banking.

Uruguayan pharmacies began selling adult-use cannabis July 19, but the South American nation’s banks are refusing to do business with companies tied to marijuana.

A government official – speaking on the condition of …

Several marijuana-related companies make Inc. 5,000 list

Chris Walsh  | August 17, 2017

A handful of companies tied to the cannabis industry are among the fastest-growing private businesses in the United States, according to the annual Inc. 5,000 rankings.

Among the marijuana companies on the list, released this week by Inc. magazine:

  • Media and events company Marijuana Business Daily ranks No. 528, posting an 843% spike in revenue …