Ancillary Marijuana Companies

Ex-boxing champ Mike Tyson breaks ground on 40-acre cannabis facility in California

Former boxing heavyweight champion Mike Tyson is looking to capitalize on the launch of legal recreational marijuana sales in California. According to The Blast, Tyson broke ground on a 40-acre plot of land in California City, a small desert town 60 miles southwest of Death Valley National Park. The facility, Tyson Ranch, was unveiled Monday, the […]

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MassRoots creates blockchain subsidiary in bid to increase marijuana efficiencies

Colorado-based cannabis technology company MassRoots on Friday announced it has formed a subsidiary that will focus on blockchain-based digital ledgers. The new division, MassRoots Blockchain Technologies, will employ the same staffers as the parent company, MassRoots CEO and founder Isaac Dietrich told Marijuana Business Daily. Blockchain technology is a digital ledger, or database, that continuously stores […]

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Week in Review: Marijuana fund raises, more Maryland dispensaries & Alaska edibles maker shut down

Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]

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MassRoots facing eviction from Denver office

Cannabis-focused social media platform MassRoots could be evicted from its Denver offices unless the company pays nearly $40,000 in back rent. According to The Cannabist, the embattled publicly traded company owes $39,742 to its landlord and hasn’t paid its rent since August. An eviction notice dated Dec. 18 was posted on MassRoots’ office door, The Cannabist […]

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Cannabis software company raises $3.2 million

A Florida-based company whose software helps marijuana retailers implement customer relationship and loyalty strategies has raised $3.2 million. Boca Raton-based Springbig has now raised a total of $6.3 million, according to a company news release. The company’s latest funding round was led by Green Acre Capital and Halley Venture Partners, according to Springbig, and members […]

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Marijuana Business Daily’s annual cannabis industry survey extended to Dec. 22

The deadline for executives and major investors in the cannabis industry to participate in Marijuana Business Daily’s annual industry survey has been extended until Friday, Dec. 22. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis companies are invited to […]

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MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them.

“I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday.

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Neo-Nazi charges spur Oregon marijuana lab executive’s exit

The founder and executive director of a state-licensed cannabis testing lab in Eugene, Oregon, is stepping down amid allegations she is a neo-Nazi supporter. Bethany Sherman also plans to sell the OG Analytical testing lab she founded in 2013, according to The Oregonian. Her actions follow allegations by a local Antifa group that she and Matthew L. […]

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MJBizConNEXT accepting speaker submissions for cannabis presentations

Business executives from the cannabis industry interested in speaking at MJBizConNEXT have until Dec. 15 to submit original, all-new content ideas for sessions. MJBizConNEXT, hosted by Marijuana Business Daily, will be held May 9-11 in New Orleans. Anyone interested in presenting at the conference must complete an official speaker application, which is accessible here, and submit […]

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Marijuana REIT buys Arizona property for $15 million, strikes lease deal

Innovative Industrial Properties – a San Diego-based real estate investment trust (REIT) which leases real estate to medical marijuana businesses – has agreed to buy an Arizona property for $15 million. The property comprises over 350,000 square feet of greenhouse and industrial space. The deal involves a sale-leaseback transaction with a subsidiary of The Pharm, […]

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MJ Freeway reveals theft of client data in 2016 cyberattack

MJ Freeway has notified its clients that some of their business information was stolen “on or about” Nov. 19, 2016. The theft came to light during the Denver-based software company’s investigation of a cyberattack it suffered in January 2017. MJ Freeway enlisted the help of the Colorado Bureau of Investigation to attempt to track down who was behind […]

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