Ancillary Marijuana Companies News

MassRoots’ cannabis website back up, but financial status still uncertain

The website for cannabis technology company MassRoots is back online, but questions linger about the Denver company’s financial condition. MassRoots’ website was down for a number of days?in early December, and the company – which is a month late in filing its third-quarter financial report with the U.S. Securities and Exchange Commission – reported losses […]

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Maine needs more recreational cannabis testing labs

The rollout of adult-use cannabis sales in Maine is being threatened by a lack of testing facilities. So far, only one lab has applied to be certified as a testing facility. Maine officials are hopeful they’ll receive more applications but acknowledge the shortage of labs could slow retail sales of recreational marijuana. – Associated Press

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MJBizCon 2019: Marijuana professionals offer business insights on vaping crisis, M&A, retail best practices & more

LAS VEGAS – Cannabis experts took to the MJBizCon stage this week to share marijuana business know-how and best practices, touching on everything from the vaping epidemic to corporate integration challenges surrounding M&As to the future of marijuana retail and more. Rebounding from the vaping epidemic What can legal marijuana vape manufacturers and retailers do […]

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MJBizDaily, Cowen ink cannabis information distribution deal

Marijuana Business Daily and New York-based financial investment advisory firm Cowen on Wednesday announced an?exclusive partnership?in which MJBizDaily will distribute Cowen’s cannabis industry reports and MJ policy research. Distribution of Cowen’s cannabis-related research by?MJBizDaily is expected to launch in the first quarter of 2020. Cowen’s cannabis research features Wall Street analyst Vivien Azer. “This partnership […]

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Canadian cannabis publisher Civilized sheds jobs amid New Frontier purchase

New Brunswick, Canada, marijuana publishing company Civilized Worldwide is “temporarily” laying off its entire workforce ahead of a pending sale to Washington DC-based New Frontier Data. New Frontier, a data and analytics company, said in a news release it has completed its diligence and will move forward with its acquisition of Civilized. The companies did […]

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New Frontier Data paying $10 million for cannabis research firm

New Frontier Data, a privately owned data analytics firm in Washington DC that focuses on the cannabis industry, plans to pay roughly $10 million for a Denver-area company in the same field. New Frontier Data reached an agreement to buy Zefyr, based in Greenwood Village, Colorado, in a cash and stock deal. The acquisition will […]

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Week in Review: Marijuana vaporizer sales rebound, new state vape issues pop up, Californians want additional adult-use MJ stores & more

Cannabis vaporizer sales show an uptick in some key markets even as more state vape bans appear, Californians say they want to see the number of recreational marijuana stores increased, medical marijuana cultivators sue over plant limits in New Mexico – and more of the week’s top cannabis business news. MJ vape sales indicate some […]

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Marijuana industry veteran Vo leaves CEO job at BioTrackTHC

Patrick Vo exited his job as CEO of BiotrackTHC after resigning from the board of is parent company, Helix TCS. For more than seven years, Vo was an executive at Florida-based BioTrackTHC, a seed-to-sale software provider, most recently serving as CEO and president. Colorado-based Helix TCS acquired BioTrackTHC in June 2018. Helix is involved in […]

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Nevada judge freezes permits for new recreational marijuana shops

A Nevada judge halted the licensing process for several dozen new adult-use cannabis stores, siding with companies that lost bids to win the lucrative permits. Clark County District Court Judge Elizabeth Gonzalez issued an injunction after she heard 18 days of evidence and testimony. All sides expect the ruling will be appealed to the state […]

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