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Ancillary Marijuana Companies

28 Jun Report: Demand for legal cannabis products dipped in April

Demand for legal marijuana products decreased by more than 1.1% in April, according to a new index that monitors the U.S. cannabis industry in states where the drug is legal.

Cannabis producers should take heart, however: Anderson Economic Group’s inaugural AndCan Index shows...

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28 Jun Company behind MJBizDaily in legal dispute with former exec

The parent company of Marijuana Business Daily is involved in a legal dispute with its former president and publisher over several employment-related issues, including those tied to his termination, compensation and noncompete agreement.

Rhode Island-based Anne Holland Ventures recently filed a lawsuit in Denver County District...

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28 Jun Cannabis firm’s exposure from Dennis Rodman trip hailed as ‘truly genius’ marketing

By John Schroyer

Ancillary cannabis firm PotCoin grabbed national media attention in mid-June when it sponsored former NBA star Dennis Rodman's highly publicized trip to North Korea.

The coverage was considered a coup as major mainstream outlets such as CNN, The Washington Post and Business Insider picked...

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20 Jun MJ Freeway experiences second security breach in 2017, calls it ‘a theft’

By John Schroyer

Denver-based MJ Freeway, one of the more prominent software firms in the cannabis sector, has suffered a cybersecurity breach for the second time in six months.

Some source code information was “posted illegally” online last week, an action MJ Freeway says is “a...

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16 Jun Denver businesses losing interest in onsite cannabis consumption

Nearly all the businesses that had expressed interest in taking advantage of a new voter-approved initiative to allow onsite cannabis consumption say the initial regulations governing the issue are too burdensome.

And that means the city’s social use plan may be for naught.

One of...

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15 Jun Analysts: High Times sale could buoy cannabis industry

By Omar Sacirbey

The marijuana industry can expect higher valuations, more capital injections and increased merger and acquisition activity after the sale of High Times and the iconic magazine’s Cannabis Cup.

That’s the assessment of investment analysts who have followed the deal, in which investors...

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05 Jun California commissioner to insurers: Serve MJ firms

California’s insurance commissioner is calling on insurance companies to provide coverage to cannabis firms in the state.

Commissioner Dave Jones’ efforts are notable given that insurance would be mandatory for cannabis businesses under proposed rules drafted by California regulators.

Jones is conducting a series...

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01 Jun Washington state gives Franwell initial OK for seed-to-sale contract

Washington state has tentatively picked Franwell to replace the state’s marijuana seed-to-sale tracking system, paving the way for both parties to hammer out a final contract covering one of the nation’s largest MJ markets.

The contract has been given an initial...

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01 Jun Investors buy High Times, Cannabis Cup in $70M deal

A group of investors led by a Los Angeles investment firm have purchased a controlling stake in the oldest cannabis-centric magazine in the United States, High Times – along with its signature event, the Cannabis Cup – in a transaction valued at about $70 million.

The...

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23 May Prominent VC firm backs cannabis breathalyzer startup

A Silicon Valley venture capital firm with a successful track record in the tech industry announced that it’s throwing considerable finances behind a California startup that’s aiming to bring a marijuana breathalyzer to market.

Benchmark Capital – which previously funded successful startups...

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