Ancillary Marijuana Companies

Cannabis testing lab operator Steep Hill expands to Mexico, six European markets

California-based Steep Hill Labs, a prominent cannabis testing lab, has announced plans to expand operations to Mexico and six western European markets, further broadening the company’s global footprint. This is yet another example of a company using its Canadian presence to springboard into the growing international cannabis market. According to a news release, the licensee for Steep […]

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New SBA lending rules could curb loans to marijuana and hemp businesses

The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the marijuana and hemp industries – not just plant-touching companies. The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or […]

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Provincial Preview: British Columbia poised to play major role in Canada’s cannabis industry

Cannabis businesses in British Columbia can leverage decades of market experience in cultivation, retail and research and development to maintain their dominant position in Canada’s marijuana industry when recreational use becomes legal later this year.

The province’s multibillion-dollar gray market includes hundreds of dispensaries and at least 4,000 licensed personal growers.

But how much of that will shift to the regulated market when it rolls out?

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Marijuana heavyweights unite to form industry group in Canada

Two Canadian medical marijuana groups, which include most of the country’s top cultivators, have teamed up to address critical issues affecting businesses and patients across the country with a united voice. Cannabis Canada Association, which counts close to 60 of Canada’s 102 licensed producers as members, including industry-leader Canopy Growth, partnered with the Canadian Medical […]

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NCIA leader vows to move forward while ex-board members question group’s direction

The National Cannabis Industry Association and its executive director, Aaron Smith, are at a crossroads. The coming months could prove pivotal.

To be sure, NCIA has racked up many successes along the way and can now boast of having its highest membership total ever.

It posted record revenue last year, and the number of cannabis businesses joining Denver-based NCIA continues to grow.

But critics of Smith and NCIA – including a growing number of veteran industry leaders – say the organization needs fresh leadership and a new direction.

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Two cannabis industry groups join forces, citing need to marshal resources

Two cannabis industry trade groups are teaming up to launch a “federation of organizations” aimed at promoting pro-marijuana policies and laws at the federal level. The New Federalism Fund (NFF), which is focused on banking and tax issues, and the American Trade Association of Cannabis and Hemp (ATACH) together are creating the Cannabis Trade Federation. […]

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Week in Review: Pennsylvania flower sales, Oregon’s cannabis surplus & MassRoots’ big losses

Pennsylvania’s medical cannabis dispensaries get the OK to sell flower for vaping, Oregon’s marijuana glut is hurting the state’s smaller growers, and MassRoots reveals that its losses widened to $44 million in 2017. Here’s a closer look at some notable developments in the marijuana industry over the past week. Positive in Pennsylvania The announcement that […]

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High Times Cannabis Cup denied license by California city

In a move that highlights the power of local governments over the California marijuana industry, the San Bernardino City Council shot down the planned 4/20-centric High Times Cannabis Cup by refusing to license this weekend’s event. The council vote, held less than two days before the biggest cannabis holiday of the year, April 20, has thrown the […]

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Marijuana startup lands $17 million from Tiger Global, Snoop Dogg

Green Bits, a compliance software developer for the cannabis industry, has landed a $17 million investment led by New York-based Tiger Global. Tiger Global’s stake in Green Bits marks a big win for the growing startup. Tiger’s investment portfolio boasts a who’s-who of startups turned giants, including Facebook, Amazon and Netflix. It’s also a signal […]

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Stock-based compensation drives up MassRoots’ red ink to $44M in 2017

Turmoil-plagued marijuana tech company MassRoots suffered a $44.3 million loss in 2017, a large portion of which can be attributed to $22 million in stock-based compensation the company handed out during the year. Losses in 2016 totaled $18 million. The Denver-based company’s annual report, filed Tuesday with the U.S. Securities and Exchange Commission, also revealed the […]

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Scotts to buy hydroponic distributor for $450M, boosting cannabis reach

Scotts Miracle-Gro said it agreed to buy the nation’s largest hydroponic distributor for $450 million, a deal that will bolster the U.S. lawn and garden care giant’s position in the ancillary cannabis business. Scotts said the purchase of Vancouver, Washington-based Sunlight Supply will boost the ability of its marijuana-related subsidiary, Hawthorne Gardening, to serve the hydroponic […]

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