Ancillary Marijuana Companies

Hundreds of Local Hydroponics Retailers Across the US Could Go Out of Business

By Anne Holland Hydroponics and indoor gardening supply stores have been one of the few booming retail sectors of the last five years, with nearly 8% growth per year. With gross revenues estimated at nearly $500 million per year, much of the indoor gardening industry’s growth has been driven by the medical marijuana market, in […]

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Guest Column: Due Diligence Important When Starting Cannabis Concentrates Product Line

By Andy Joseph Medical marijuana is quickly transitioning into a mainstream industry, as evidenced by the growing acceptance of MMJ across the country and the passage of favorable cannabis laws in an increasing number of states. A big reason for this trend is the growing popularity of alternative consumption methods that don’t scream “stoner,” such […]

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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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