Ancillary Marijuana Companies

California initiates insurance program for marijuana businesses

California rolled out an insurance program for licensed cannabis companies that’s designed to deliver much-needed coverage to many marijuana businesses that have had a hard time obtaining it. The program, called the Cannabis Business Owners Policy (CannaBOP), is an avenue for MJ companies to obtain property and liability coverage, according to a news release. CannaBOP, introduced Monday, […]

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Interested in the cannabis packaging business? 4 factors to consider

Packaging is integral to brand building. And for marijuana businesses, it’s growing in importance in increasingly competitive ­- sometimes even oversaturated – markets. Before diving into the cannabis packaging industry, however, entrepreneurs should consider whether: There’s enough room in the sector for more players. To go big – or carve out a niche. They want […]

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NCIA board reshuffling continues; 1 more marijuana exec quits, others elected

One board member of the National Cannabis Industry Association has resigned abruptly, and the embattled organization filled nine board seats in its annual election. Shannon Fender, director of public affairs for Denver-based cannabis retail chain Native Roots, resigned her seat on the board of NCIA on May 3. Fender was just 10 months into her […]

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Ancillary cannabis firms Helix TCS and BioTrackTHC close merger

A deal announced in March to merge two of the bigger ancillary cannabis companies in the United States closed Friday, with Colorado-based Helix TCS acquiring Florida-based BioTrackTHC. Though terms of the deal were not disclosed, BioTrack shareholders will own 48% of Helix TCS, according to financial documents filed with the Securities and Exchange Commission in […]

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Marijuana REIT to invest $18.5M in Massachusetts cultivation facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending $18.5 million to acquire and lease out a property near Boston that will be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock Exchange as IIPR, bought the […]

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Ancillary marijuana firm Kush Bottles to open Las Vegas distribution facility

Kush Bottles, a marijuana products distributor, is opening a distribution facility in Las Vegas to serve cannabis companies and consumers in the state’s booming recreational and medical markets. Tourism and organic growth in the Las Vegas market means some MJ businesses have difficulty predicting packaging and supply needs, the California company’s CEO, Nick Kovacevich, said in […]

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