Ancillary Marijuana Companies

Tech giant Hewlett-Packard teams with cannabis software firm Flowhub

Technology giant Hewlett-Packard is partnering with a marijuana compliance software company, becoming the latest mainstream company to dip its toe in the cannabis industry. The Palo Alto, California, technology company will preinstall cannabis point-of-sale and compliance software from Flowhub on its own POS terminals, known as HPElitePOS. The two companies said in a news release […]

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Cannex buys US marijuana firm Jetty Extracts for up to $30 million

Vancouver, Canada-based Cannex agreed to purchase California infused products company Jetty Extracts in a deal worth up to $30 million, becoming the latest marijuana-related acquisition in the United States with such a price tag. In late March, Las Vegas-based GB Sciences signed a letter of intent to purchase NevadaPure’s Las Vegas operation for $33 million. NevadaPure […]

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Kush Bottles acquires cannabis extraction supply company

One of the larger ancillary U.S. cannabis companies announced Tuesday that it just got even bigger. California-based Kush Bottles revealed in a news release that it acquired Colorado-based Summit Innovations, a purveyor of hydrocarbon gas used by marijuana extract producers, through a merger agreement. “Integrating this broad gas portfolio into our large distribution platform will […]

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Senators take aim at homegrown cannabis in Canadian legalization bill

Conservative senators are taking issue with a provision of Canada’s marijuana legalization bill that allows recreational cannabis to be grown in residences, with some calling for the measure to be purged from the pending law. Removing the homegrown-cannabis provision would be a blow to companies gearing up to capitalize on the niche market – from sales […]

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High Times acquires cannabis news site

Hoping to expand its online presence, High Times magazine has acquired a 3-year-old marijuana news website. The iconic cannabis culture magazine acquired Green Rush Daily, a website that receives more than 4 million unique monthly visitors, according to a news release. Terms of the acquisition were not released. Green Rush Daily will continue to operate […]

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Wine-related firms look to uncork opportunities in marijuana

A growing number of companies that service the wine industry are now pursuing opportunities in the cannabis sector, hoping to generate new revenue streams. For marijuana businesses, that means a host of potential new ancillary companies to choose from, as well as added legitimacy from an industry that once appeared to be a potential enemy. […]

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Financial trouble for proposed marijuana tourism mecca in California town

Arizona-based American Green’s goal of transforming a California ghost town into the “Epcot Center” of marijuana has run into serious turbulence. The company issued a news release revealing that it had sold its holdings in the California border town of Nipton to Delta International Oil & Gas for some $7.7 million. American Green, a publicly […]

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Week in Review: MedMen-Cronos alliance, California MJ business licensing & Arkansas’ MMJ woes

MedMen strikes up a cannabis partnership with Canada’s Cronos Group, California’s Humboldt County considers reopening its licensing process, and a judge tells Arkansas to stop issuing medical marijuana licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Brave new world? Multistate cannabis giant MedMen’s collaboration with a […]

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Massachusetts’ recreational marijuana market offers opportunities, pitfalls aplenty

Massachusetts’ looming recreational marijuana market has the potential to be one of the most prosperous in the nation.

Under rules finalized this month, cannabis entrepreneurs face no license caps for an assortment of business categories, edibles and many other goods are permitted, and there are opportunities to build a brand.

But applicants seeking to set up shop when the Bay State’s adult-use industry opens this summer will face a gauntlet of requirements that have already derailed scores of aspiring medical marijuana businesses.

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Lesotho attracts another major medical cannabis investment

The first country in Africa to regulate medical marijuana has attracted another significant international investor, this time from a large Canadian licensed producer. Toronto-based Supreme Cannabis will invest 10 million Canadian dollars ($7.7 million) for a 10% stake in Medigrow Lesotho, the companies announced in a news release. Based in the Kingdom of Lesotho in […]

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Marijuana employment company raises $2.5 million

A cannabis industry-focused job recruitment firm has raised $2.5 million in seed funding. Denver-based Vangst will use the capital to expand its online jobs marketplace and improve recruiting technology and internal infrastructure, according to a company news release. The funding round was led by Lerer Hippeau, a New York-based venture capital firm with worldwide investments. […]

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Snoop Dogg’s venture capital firm leads CA$4.3M raise for Canadian cannabis company

It didn’t take long for Snoop Dogg’s venture capital firm to invest some newly raised capital. Only a week after closing a $45 million funding, the rapper’s Casa Verde Capital on Monday led a 4.3 million Canadian dollar ($3.3 million) seed investment in Green Tank Technologies, a Toronto-based vaporization hardware developer. According to a news release, […]

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