Tag Archives: Business

Ousted MassRoots CEO reclaims helm of marijuana tech firm

Published: Dec 14, 2017, 8:39 am • Updated: Dec 14, 2017, 9:47 am By Alicia Wallace, The Cannabist Staff The chaotic corporate tale of marijuana tech firm MassRoots has entered a new chapter with the Denver-based company making its second

Colorado releases a trove of marijuana sales data

Published: Dec 12, 2017, 5:28 pm • Updated: Dec 12, 2017, 5:30 pm By Alicia Wallace, The Cannabist Staff No longer will backwards math be needed to determine marijuana sales in Colorado. The Colorado Department of Revenue on Tuesday published

Student entrepreneur turns worm poop into marijuana fertilizer — and money

Published: Dec 12, 2017, 8:45 am • Updated: Dec 12, 2017, 8:45 am By The Associated Press SALT LAKE CITY — An entrepreneurial student who turns worm poop into organic fertilizer targeted for marijuana growers is generating buzz and earning

After a hot summer, Colorado’s cannabis sales cool down

Published: Dec 11, 2017, 6:24 pm • Updated: Dec 11, 2017, 7:46 pm By Alicia Wallace, The Cannabist Staff Colorado’s cannabis sales have chilled from their seasonal summer highs. After three consecutive months of $136 million in combined recreational and medical

Cannabis investors form ‘blank check’ company, file for $50M IPO

Published: Dec 8, 2017, 2:37 pm • Updated: Dec 8, 2017, 2:37 pm By Alicia Wallace, The Cannabist Staff A “blank check” company focused on acquiring ancillary businesses to the cannabis industry has filed registration documents for a future $50

Colorado marijuana dispensary challenges IRS in U.S. Tax Court

Published: Dec 7, 2017, 9:31 am • Updated: Dec 7, 2017, 10:06 am By Alicia Wallace, The Cannabist Staff As marijuana tax reform efforts petered out on Capitol Hill, another endeavor is before the U.S. Tax Court to let state-legal

Cannabis tech firms MassRoots, New Frontier team up on consumer data

Published: Nov 29, 2017, 7:31 am • Updated: Nov 29, 2017, 3:19 pm By Alicia Wallace, The Cannabist Staff The next move for Denver’s MassRoots Inc. is a data play. MassRoots, the marijuana social media and tech company recently in

MJ Freeway discloses another cyberattack on the firm, affecting cannabis businesses

Published: Nov 28, 2017, 2:15 pm • Updated: Nov 28, 2017, 2:37 pm By Bruce Kennedy, The Cannabist Staff MJ Freeway, one of the first companies to create “seed-to-sale” tracking and business software for the legal cannabis industry, has just

Pioneering women in cannabis industry losing ground, author says

Published: Nov 24, 2017, 5:02 pm • Updated: Nov 24, 2017, 5:02 pm By Tess Allen, Civilized Time and time again, the cannabis industry has been heralded as a haven for female entrepreneurs and members of other marginalized groups. But a

New rules for Colorado marijuana industry focus on boosting research, consumer safety

Published: Nov 21, 2017, 6:42 pm • Updated: Nov 21, 2017, 6:42 pm By Alicia Wallace and Aleta Labak, The Cannabist Staff Changes to the rules governing Colorado’s cannabis industry go into effect Jan. 1, including a groundbreaking path for

MassRoots founder initiates proxy battle to overthrow marijuana firm’s board, leadership

Published: Nov 20, 2017, 3:31 pm • Updated: Nov 20, 2017, 5:18 pm By Alicia Wallace, The Cannabist Staff The embattled former CEO of MassRoots Inc. launched a counteroffensive against the firm that is now suing him. MassRoots founder Isaac

MassRoots sues founder, former CEO, alleging “serious misconduct”

Published: Nov 20, 2017, 1:56 pm • Updated: Nov 20, 2017, 5:35 pm By Alicia Wallace, The Cannabist Staff MassRoots Inc. last month jettisoned its CEO for alleged “serious misconduct” — claims of sex, drugs and misuse of funds —

Cannabis firms Canopy Growth, Organa and Green House team up on a joint venture in Canada

Published: Nov 17, 2017, 1:53 pm • Updated: Nov 17, 2017, 4:44 pm By Alicia Wallace, The Cannabist Staff Three well-known players in the cannabis industry have partnered in the operation of an Ontario indoor cultivation facility, a site they

MassRoots officials: “Right team and right plan” in place for growth

Published: Nov 16, 2017, 5:24 pm • Updated: Nov 16, 2017, 5:30 pm By Alicia Wallace, The Cannabist Staff MassRoots Inc.’s new CEO on Thursday sought to put a “weak” quarter and previous leadership in the rear-view mirror, telling investors

Sen. Cory Gardner to co-sponsor federal bill to let canna-businesses take tax deductions

Published: Nov 15, 2017, 10:54 am • Updated: Nov 15, 2017, 11:08 am By Alicia Wallace, The Cannabist Staff Senator Cory Gardner, a Republican from Colorado, is backing federal legislation that would allow state-legal marijuana businesses to claim tax deductions

MassRoots quarterly revenue tanks

Published: Nov 14, 2017, 8:34 pm • Updated: Nov 14, 2017, 10:05 pm By Alicia Wallace, The Cannabist Staff MassRoots Inc. reported Tuesday that its third-quarter revenue had plunged precipitously and it would need to raise at least $2.5 million

More veterans parlaying their military skills into cannabis careers

Published: Nov 10, 2017, 10:00 am • Updated: Nov 10, 2017, 10:09 am By Bruce Kennedy, The Cannabist Staff Chad Drew considers himself a veteran of not only the Air Force but also the cannabis industry. The 41-year-old is sales

Watch: Cannabis ad a pitch-perfect parody of dire pharmaceutical commercials

Published: Nov 9, 2017, 6:51 pm • Updated: Nov 9, 2017, 7:54 pm By Bruce Kennedy, The Cannabist Staff You may have heard this on TV before: “Ask your doctor if _______ is right for you.” Now here’s a cannabis