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Ancillary Marijuana Companies

17 Aug 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....

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17 Aug 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...

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14 Aug Judge halts Nevada marijuana regulators’ distribution plan

Nevada marijuana regulators won’t be able to issue cannabis distribution licenses to businesses other than liquor wholesalers after all.

A judge has sided with the Independent Alcohol Distributors of Nevada, who by law have exclusive rights to deliver recreational marijuana to sellers for 18 months, the...

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10 Aug Applications open for Canadian marijuana business accelerator

Budding cannabis entrepreneurs in Canada have a new resource to help get their businesses launched, thanks to some established players in the nation’s marijuana industry.

Leaf Forward, which claims to be the country’s first cannabis business accelerator program, will provide early stage ancillary businesses with...

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09 Aug Arkansas medical cannabis industry group forms 

A former Arkansas attorney general and the chair of the medical board are part of a new group representing entities doing business in the state’s fledgling medical marijuana industry.

Ex-state AG Dustin McDaniel and Medical Board Chairman Dr. Steven Cathey are among the seven board members for...

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03 Aug Arkansas medical cannabis trade group creates physician locator

In an effort to help Arkansas medical marijuana businesses drum up patients, the state’s cannabis industry trade association has compiled an online map listing doctors in the state who are willing to write MMJ certifications.

The Arkansas Cannabis Industry Association created the...

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03 Aug Marijuana company buys California town envisioning cannabis Epcot Center

By John Schroyer

An Arizona-based ancillary marijuana company said Thursday it’s taken the arguably historic step of purchasing an entire town with the aim of transforming it into a cannabis tourism mecca.

American Green, based in Phoenix, paid $5 million for the 80-acre town of Nipton near...

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28 Jul Week in Review: Lawsuit to legalize cannabis, judge sidesteps Nevada dispute & High Times + Nasdaq

By John Schroyer, Bart Schaneman and Omar Sacirbey

A lawsuit against the U.S. government could lead to national legalization of cannabis, a judge refuses to intervene in Nevada’s recreational marijuana conflict, and High Times magazine hopes to be publicly traded.

Here’s a closer look at some notable developments...

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27 Jul Report: Cannabis magazine High Times to go public

High Times Holding Corp., the company behind High Times Magazine and other assets, reportedly plans to go public in October, a move that would make it the first marijuana-related company to list on the Nasdaq stock market.

Private equity firm Oreva Capital

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26 Jul City official pitches bank plan for Los Angeles’ marijuana businesses

Los Angeles’ City Council president wants to establish a municipal bank to serve marijuana businesses, including providing financing.

The proposed bank would also serve affordable housing developers and small businesses, the Los Angeles Daily News reported.

According to the newspaper, Council President Herb Wesson...

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