Ancillary Marijuana Companies

News on Ancillary Products & Services

3 cannabis biz events named among top growing trade shows

Three marijuana business events have been named among the 50 fastest-growing trade shows in the United States, reflecting the cannabis industry’s rapid expansion and future potential. The Fall Marijuana Business Conference & Expo ranked second nationally for growth in attendance and net square feet of paid exhibit space from 2015 to 2016, according to Trade […]

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MJ Freeway wins $10M PA medical cannabis tracking deal

Embattled MJ Freeway received a key vote of confidence Thursday after Pennsylvania awarded the Denver company a $10 million contract to provide a seed-to-sale tracking system to keep tabs on the state’s new medical marijuana program.

The five-year contract is a shot in the arm for MJ Freeway, given that Pennsylvania’s MMJ market is forecast to generate more than $100 million in annual sales a few years after it’s up and running.

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Franwell wins Michigan marijuana tracking deal worth nearly $450K

Florida-based Franwell, which built Colorado’s cannabis tracking system, has been awarded a state contract from Michigan worth nearly $450,000 to implement a similar inventory tracking program for the state’s medical marijuana program. The Michigan deal is in keeping with new regulations that will oversee a web of state-licensed MMJ businesses. The contract, according to Crain’s Detroit […]

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Washington state’s marijuana tracking contract up for bid

By Bart Schaneman Washington state regulators have begun accepting bids for a new seed-to-sale tracking system to keep tabs on marijuana commerce, a deal with an initial value of about $3 million. The competition likely will be fierce, given that the contract involves one of the nation’s largest cannabis markets.

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California marijuana laws spark rift between industry, unions

The upcoming implementation of California’s state medical marijuana laws as well as the new recreational cannabis system have led to policy disagreements between those in the longstanding industry and organized labor, which is eager to get involved. According to the San Francisco Chronicle, the rift threatens to disrupt what many were hoping would be a […]

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CEO of cannabis firm Women Grow steps down to focus on dispensary

Leah Heise, who became the CEO of Women Grow less than a year ago, announced this week that she’s leaving the national cannabis event and networking company, effective immediately, to run her own medical marijuana dispensary in Maryland. While Women Grow searches for a new corporate leader, Chief Operating Officer Kristina Neoushoff will take over […]

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BuzzFeed investor leads $3M funding for marijuana tech firm

A cannabis-focused e-commerce platform has netted $3 million in funding that was led by a venture capital firm that has made early investments in several non-marijuana companies, including the popular news website Buzzfeed. LeafLink, a New York-based wholesale management platform for cannabis businesses, will use the money to expand its B2B platform into newly legal markets, […]

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From Big Pharma to the cannabis industry: Q&A with PharmaCann’s Chris Diorio

By Omar Sacirbey If marijuana business entrepreneurs are wondering whether pharmaceutical professionals might be interested in jumping over to cannabis, the answer is a resounding yes. Take Chris Diorio, a 25-year pharma industry veteran who recently made such a move, becoming director of research and development for PharmaCann of New York.

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Arkansas rules on smoking medical cannabis, staffing go to governor

The Arkansas Senate has approved regulations on where medical marijuana can be smoked as well as requirements for staffing dispensaries. According to the Arkansas News, the next stop for House Bill 1400 is the desk of Gov. Asa Hutchinson. If he signs the measure into law, it will ban patients from smoking medical cannabis: Anywhere that […]

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Cannabis grow-equipment company completes $1M-plus raise

Another Denver-based company connected to the marijuana trade revealed this week it has completed a $1.65 million round of fundraising. GrowGeneration Corp., an ancillary business that specializes in gardening supplies for commercial and home grows, told the Denver Business Journal it secured the funds in equity financing from Merida Capital Partners, “a cannabis infrastructure fund.” […]

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Cannabis marketing platform gets $1.6M in added funding

Baker, a Denver-based software provider that links cannabis dispensaries with their customers, announced it has secured $1.6 million since an August seed round, bringing its total funding to $3.5 million.

Poseidon Asset Management, a marijuana-focused investment management firm in San Francisco, led the funding round. Other funders were chiefly existing investors, including serial entrepreneur Michael Lazerow as well as Base Ventures and XG Ventures, two venture capital firms based in California.

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