Ancillary Marijuana Companies

Quality Standards, Certification Program for Medical Cannabis Businesses to Debut in Fall

Americans for Safe Access will launch a standards and certification program for medical cannabis businesses across the country this fall, a long-overdue move that could boost the industry’s legitimacy, credibility, transparency and professionalism significantly. The Patients First Program incorporates the best practices and general product standards designed by the American Herbal Products Association (AHPA) for […]

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Medical Cannabis Stocks Socked in Second Quarter as Public Firms Fail to Gain Traction

Medical marijuana stocks continued to struggle in the second quarter despite increasing optimism over the industry’s future, underscoring the risky nature of cannabis investments and the sector itself. The share price of nearly every publicly traded company involved in the cannabis space fell or was flat from April through June – with a handful of […]

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Multi-Million Dollar Cannabis Venture Capital Fund in Works, Plans to Target Ancillary Marijuana Startups

A California venture capital firm led by noted MMJ pioneer Justin Hartfield – who co-founded WeedMaps.com –  has launched a new investment fund that aims to pump millions of dollars into cannabis companies, acquire ancillary businesses and help guide fledgling marijuana firms. Newport Beach, Calif.-based Ghost Group hopes to raise between $10 million and $25 […]

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MedBox Profits Halved Despite Healthy Increase in Revenues, Growth of Medical Cannabis Industry

MedBox Inc., which provides automated cannabis vending systems and consulting services to the medical marijuana industry, saw its first-quarter net income fall 56% as increased marketing, commissions and other expenses outpaced revenue growth. The California-based company reported $272,018 in profits for the first three month of the year, down 56% from $622,150 during the same […]

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GrowLife’s Acquisition Strategy Leads to Spike in Revenues, But Wider Net Loss, in Q1

GrowLife Inc., a publicly traded company that provides cultivation equipment and related technology to the medical marijuana industry, reported a sevenfold increase in revenues during the first quarter but also sunk deeper into the red mainly due to non-cash charges. Revenues soared to $760,709 during the first three months of the year vs. $91,809 in […]

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