Industry Firms

The legal marijuana/cannabis industry is growing rapidly and involves thousands of firms across many different jurisdictions. Below I provide an overview of the different types of cannabis businesses and some examples for those who are new to the subject. Suggestions for additions are welcome! Last Updated: Sept 18, 2019.

Types of Businesses

Cannabis businesses can be divided into two main groups – licensed businesses that “touch the plant” and ancillary businesses that support the licensed industry. Many people unfamiliar with the industry do not realize the size and impact of the industry’s ancillary businesses and the advantages that these firms have by not being subject to the same level of regulation.

Licensed Cannabis Businesses

The range of licensed businesses that directly handle cannabis varies by jurisdiction but generally includes Cultivators, Manufacturers, Retailers, Testers, Operators, and Delivery/Transportation services.

U.S. Multi-State Operators (MSO) – 4Front Ventures, Acreage Holdings, Cresco Labs, uraleaf, Golden Leaf, Green Thumb Industries (GTI, Nov 2018 press release), Grassroots, Harvest Health & Recreation Inc, iAnthus, MedMen, Terrascend, TerraTech, TruLieve
Note: Colorado companies and locations are noticeably absent from this list since until 2019 state regulation largely restricted out of state or public investment of licensed Colorado marijuana businesses

Cultivation Specialists – Los Suenos Farms (Pueblo, Dope Magazine feature), Mahoney Greens (Washington)

Colorado Manufacturers

Colorado Retailers – Among the most prominent Colorado firms are Native Roots (20 locations and licenses in Canadian province of Manitoba, Interview with CEO Ryan Brown), LivWell (14 locations and also in Oregon and Alberta), The Green Solution (14 locations), Green Dragon (11 locations), Starbuds (10 locations, also involved in Louisiana), Lightshade (8 locations), Silver Stem Fine Cannabis (8 locations in Colorado and Oregon), Buddy Boy (7 locations), Maggie’s Farm (6 locations), The Clinic (4 Colorado locations, 2 Illinois), Terrapin Care Station (5 Colorado locations), MMJ America (Denver, Boulder, Las Vegas), Colorado Harvest Company (3 locations), Sweet Leaf (Aurora, Federal Heights, Oregon, Westword article), Medicine Man (Denver & Aurora), Sticky Buds (2 Denver locations), Verde Natural (Denver and Boulder) Mindful (Colorado and Illinois), Good Chemistry (Colorado and Nevada), Cure Holdings (Colorado and Pennsylvania). Other Colorado dispensaries include Botanico, Euflora (4 Colorado locations), Lucy Sky (2 locations), Green Cross Caregivers, Kind LoveSimply PureMile High Green CrossThe Herbal Cure (Denver), Good Meds (Englewood, Lakewood), Herbal Remedies (Denver) Backcountry Cannabis (Crested Butte), Rocky Mountain Remedies (Steamboat Springs), Denver Clone Store, Northern Lights, Green Sativa (Federal Heights).

Other U.S. RetailersCannaCraft (California, CEO interview), MedMen (California and NYC, Leafly Profile), Harborside Health Center (California), Franklin Bioscience (Pennsylvania), Mercy Wellness of Cotati (Northern California), Revolutionary Clinics (Massachusetts)

Licensed Social Consumption VenuesThe Coffee Joint (Denver, Westword profile), Utopia Wellness (Downtown Denver, not yet opened)

Canadian Companies (Cultivation and Manufacturing)Aphria (CBC interview with CEO Vic Neufeld, CEO Profile), Aqualitas (Nova Scotia aquaculture cultivator, Coast profile of CEO), Aurora Cannabis (video of grow facility) (interview with CCO Cam Battley), Broken Coast Cannabis, Canna Farms, Cannimed Therapeutics, CannTrust Holdings, CanopyGrowth/Tweed, Chronos (traded on Nasdaq), Emerald Botanicals, Hydropothecary (Quebec), Truro Herbal Company (Nova Scotia), Maricann, MedReleaf Canada, Organigram, Spectrum Cannabis, Tokyo Smoke

Ancillary Cannabis Businesses

Ancillary businesses include Analytics/Technology, Marketing, Consulting, Construction, Packaging, Cultivation Supplies, R&D, and other types of firms that do not “touch the plant”.

AnalyticsBDS Analytics, New Frontier Data, Green Wave Advisors, Headset, t.i. analytics

Consumer DirectoriesLeafly, WeedMaps, Lift (Canada), MassRoots (consumer app)

Consulting FirmsCannaadvisors, Cannabis Compliance Inc. (Canada), Denver Relief Consulting (MJ Business Magazine article), Medicine Man Technologies, Siva (California multi-service firm)

Financial Services & Holding/Operating Companies – These companies may operate some licensed businesses while also investing in, consulting and advising other operators. Acreage Holdings (which has John Boehner as a board member), Cannabis Wheaton Income (Canada), General Cannabis Corp (whole owner of Iron Protection Group, Chiefton apparel, Next Big Crop consulting), Ganja Capital AdvisorsGreen Sage Merchant Bank, MazakaliMjardin/Growforce, Pioneer InterestsPineapple Express (California), Privateer Holdings, Procann Group, Rose Capital/BR Brands (investor in Dixie Elixirs), Sprott (Canada asset management), Forbes May 2017 Top Five Financial Leaders.

GlasswareIlluzion Glass Galleries, Mothership Glass (high-end glass maker)

Law Firms & Lawyers – Vicente Sedeberg, Hoban Law GroupMcAllister Garfield, P.C, Tom Downey, Ireland Stapleton, Nick J. Richards (Tax Attorney), Trina Fraser – Brazeau Sellers (Canada)

Media/Public RelationsSensi Media Group, Grasslands (Ricardo Baca), High Times, The Hemp Connoisseur,

Pharmaceutical CompaniesGW Pharmaceuticals, Insys TherapeuticsCara Therapeutics Inc.

Real Estate Firms420 PropertiesDesarollo Real EstateMarijuana Real Estate Colorado

Technology Companies – Adilas SystemsBaker TechnologiesCannaBOS (back office solutions), Cannaregs, Eaze (Delivery app – California), Flowhub (point of sale – Colorado), Green Bits (point of sale – California), Leaflink (Cannainsider podcast transcript), METRC/Franwell (regulatory tracking in Colorado, Nevada and California), MJ Freeway (Colorado), Simplifya (Compliance software)

Tourism/Private ConsumptionMy 420 Tours (Colorado), Bud & Breakfast (Lodging), Kush & Canvases, Mason Jar Event Group (Culinary events)

OtherCannabrand (Marketing), CanopyBoulder (Incubator, Vimeo Channel of Videos), Cultivated Synergy (Shared workspace/events), LEVO Oil Infusion (Kitchen extraction/infusion device), Safe Harbor Banking Solutions, Scotts Miracle-Gro (Fertilizer), Vangst (HR services), Wurk (HR services), Your Green Contractor (Construction Services), Kush Bottles (Packaging)

Hemp/CBD Companies

Bluebird BotanicalsCharlotte’s Web by the Stanley BrothersGreen Roads World, Hemplucid, Kazmira, Nuleaf NaturalsPioneer BotanicalsSauc. List of other CBD companies.

Defunct Companies

Tokken – Denverite profile, Westword profile – Changed name to Joust and now focusing on non-cannabis banking solutions, Le Habra Cares (California, raided by DEA), Preferred Organic Therapy – Denver area dispensary (Business Den news story), VIP Cannabis (raided by DEA, Denver Post news story), Five Colorado Dispensary chains that no longer exist (Westword, Aug 29, 2018).