Ancillary Marijuana Companies

Lawsuit alleges California cannabis tech firm Eaze broke US law with marketing solicitations

One of the biggest facilitators of marijuana deliveries in California faces a possible class-action lawsuit that one Bay Area attorney says could threaten the company’s existence. Farrah Williams, of San Diego, filed suit against San Francisco-based Eaze Solutions on May 2, alleging the delivery business violated federal law by spamming her and other customers with unsolicited text-message […]

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Four marijuana firms to form multinational company, continuing industry consolidation

Consolidation continued in the cannabis industry Tuesday, with four major marijuana businesses from the United States and Canada merging to launch a multinational company with combined revenue forecast to total more than $200 million next year.

Operating under the name TILT Holdings, the new companies will include the combined operations of Baker Technologies, Sea Hunter, Briteside and Santa Veritas Therapeutics, according to a news release.

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GrowGeneration raises $10 million to bankroll cannabis-related acquisitions

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $10 million that it will use to purchase more businesses. The Denver company said in a news release it has more than $17 million in cash on its balance sheet and that it plans to “execute on multiple […]

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Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022

Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year – a nearly 50% increase from 2017 – and rise as high as $22 billion by 2022. That’s according to exclusive projections from the 2018 edition of the Marijuana Business Factbook released Wednesday at the […]

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Marijuana industry trade group to launch in Massachusetts

When it launches this month, the Massachusetts Cannabis Business Association aims to focus on issues that marijuana industry stakeholders can unite around, rather than issues that divide them. The trade group, scheduled to launch May 15, was conceived by Boston law firm Smith, Costello and Crawford, according to The Boston Globe. The Massachusetts Cannabis Business Association […]

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Marijuana Business Daily wins award for women-led companies

Marijuana Business Daily on Thursday was anointed one of the nation’s fastest-growing women-owned companies, underscoring the role of females in cannabis and the industry’s growing acceptance within mainstream circles. Marijuana Business Daily President and CEO Cassandra Farrington accepted the prize for the No. 9 spot on the list during the Women Presidents’ Organization’s 11th annual awards […]

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MJ Freeway: US cannabis retailers saw record 4/20 sales, firm gets new CEO

MJ Freeway, a major point-of-sale software provider for the cannabis industry, reported that marijuana retailers rang up their highest sales in history on April 20 – no doubt helped by the 4/20 MJ holiday landing on a Friday. Sales among MJ Freeway’s clients nationwide totaled $87 million, a 61% increase from last year. The Denver […]

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Collaboration is key to your marijuana company: Q&A with management guru Erica Dhawan

Erica Dhawan wants to help cannabis professionals connect in intelligent ways, including focusing on collaboration among employees and building alliances with other businesses. That way, as your business grows you don’t have to rely on your organization alone to scale up, you have partnerships and networks to help you expand. “Those that really think about […]

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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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