Ancillary Marijuana Companies

Nevada again expands field for recreational marijuana distribution

Nevada regulators plan to reopen the state’s recreational marijuana distribution system to businesses other than alcohol wholesalers after rejecting an appeal by a liquor group that claims it has exclusive rights to transport marijuana from cultivators to retail stores. The state Tax Commission voted unanimously Tuesday to uphold a previous decision by the Tax Department […]

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Public cannabis consumption in Denver moves a step closer

Denver regulators are accepting applications from businesses seeking to become some of the nation’s first to offer legal public marijuana consumption. Voters approved a ballot measure in November allowing cannabis consumption at certain public businesses in the city. The four-year pilot program was delayed, however, after the state banned marijuana use at places with liquor licenses. Though […]

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MassRoots acquires CannaRegs in $12 million stock deal

Cannabis social media platform MassRoots announced Wednesday it has acquired CannaRegs, a website dedicated to helping marijuana companies stay on top of ever-changing industry regulations. MassRoots – which trades on over-the-counter markets under the ticker symbol MSRT – purchased CannaRegs in a stock deal valued at roughly $12 million, according to a news release. CannaRegs is […]

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What happened to Women Grow? Rapid growth, strategic changes contributed to contraction

By John Schroyer

In February 2016, Grammy winner Melissa Etheridge delivered a keynote to 1,200 attendees of a leadership summit hosted by Women Grow. The buzz and excitement underscored the organization’s speedy rise to prominence in the marijuana industry, and the future seemed bright.

But less than a year after the summit, Women Grow started to stumble.

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Looking ahead: Women Grow execs confident company has bright future

By John Schroyer While some industry professionals question whether Women Grow can fully recover from its professional missteps, there are signs the company could be turning a corner. Since May, Women Grow has cemented contracts to establish eight new “markets” – formerly called chapters – in Arizona, California, Connecticut, Maryland, Nevada, New Jersey, Ohio and […]

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Women Grow: By the numbers

A look at some of the contraction – and growth – Women Grow has experienced over the years. Number of “Markets” (previously called chapters) 2014: 9 2015: 44 2016: 35 2017: 21 (2017 as of mid-August; others are end-of-year) Attendance at Women Grow Leadership Summit 2015: 300 2016: 1,200 2017: 1,000 Note: The company says […]

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Franwell wins contract for Ohio’s medical cannabis program

Ohio medical marijuana regulators have chosen two vendors to develop the state’s seed-to-sale and online licensing systems. The Ohio Department of Commerce awarded a $1.3 million contract to Franwell for its Marijuana Enforcement, Reporting, Tracking and Compliance (Metrc) seed-to-sale system. Metrc is used in several cannabis states, including California. Persistent Systems won a $574,000 contract to design […]

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Exhibitors, speakers boycott cannabis expo over Roger Stone

Numerous exhibitors and speakers are boycotting an upcoming cannabis conference in Los Angeles because Roger Stone, a longtime adviser to Donald Trump, is a keynote speaker. The Minority Cannabis Business Association (MCBA) is leading the protest against Stone’s appearance at the Cannabis World Congress & Business Exposition (CWCBE), scheduled for Sept. 13-15, L.A. Weekly reported. (Note: Marijuana Business […]

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Nevada marijuana distribution licenses on hold another week

Nevada’s plan to expand its pool of recreational marijuana distributors is delayed again. The state’s Tax Commission has agreed not to issue distribution licenses to any non-liquor entities until the panel hears an Aug. 29 appeal from the Independent Alcohol Distributors of Nevada. A judge last week lifted an injunction that prohibited the Nevada Taxation Department […]

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Banking troubles for Uruguay’s recreational cannabis businesses

It didn’t take long for recreational marijuana businesses in Uruguay to encounter a key challenge that hinders U.S. cannabis companies: banking. Uruguayan pharmacies began selling adult-use cannabis July 19, but the South American nation’s banks are refusing to do business with companies tied to marijuana. A government official – speaking on the condition of anonymity – said […]

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Several marijuana-related companies make Inc. 5,000 list

A handful of companies tied to the cannabis industry are among the fastest-growing private businesses in the United States, according to the annual Inc. 5,000 rankings. Among the marijuana companies on the list, released this week by Inc. magazine: Media and events company Marijuana Business Daily ranks No. 528, posting an 843% spike in revenue over […]

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Report: Nevada distribution issues hurting recreational cannabis sales

The 50 dispensaries licensed to sell recreational marijuana in Nevada have experienced a 20%-30% decline in sales since an initial explosion of activity on July 1, according to a report by the Nevada Department of Taxation. The tax department said the drop in sales stem from the dispensaries’ inability to meet demand, according to the Reno Gazette-Journal. […]

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