Ancillary Marijuana Companies News

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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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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