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: May 4, 2018.

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.

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

Colorado Manufacturers

  • Edibles Manufacturers – Well-known Colorado edibles manufacturers include Sweet Grass Kitchen, Dixie Elixirs, Wana Brands, Love’s Oven, Incredibles, Cheeba Chews, Coda Signature, MarQaha, Americanna (gummies) and Avicenna Products. More are discussed in this AskWonder discussion.
  • Extractors – Essential Extracts is a company that has innovated a solventless extraction technique. Harmony Extracts is another prominent Colorado extract company. Purblebee‘s also has an extraction focus along with producing some end products.
  • Vape Product Manufacturers – o.penVape and Pax are prominent manufacturers of vape products. Willie’s Reserve is a well-known product brand. In California, Bloom Farms.

Colorado Retailers – Among the most prominent Colorado firms are Native Roots (20 locations and licenses in Canadian province of Manitoba), 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), 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 soon NYC), Harborside Health Center (California), Franklin Bioscience (Pennsylvania), Mercy Wellness of Cotati (Northern California), Revolutionary Clinics (Massachusetts)

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

Canadian Companies (Cultivation and Manufacturing) – Aphria, Aurora Cannabis, Broken Coast Cannabis, Canna Farms, Cannimed Therapeutics, CannTrust Holdings, CanopyGrowth/Tweed, Chronos (traded on Nasdaq), Emerald Botanicals, Hydropothecary (Quebec), Truro Harvest 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

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

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

Financial Services & Holding CompaniesAcreage 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, Mazakali, Privateer HoldingsPineapple Express (California), 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)

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 CompaniesBaker Technologies, MJ Freeway (Colorado), Flowhub (point of sale – Colorado), Adilas Systems, Cannaregs, Eaze (Delivery app – California), Green Bits (point of sale – California), Leaflink (Cannainsider podcast transcript), METRC/Franwell (regulatory tracking in Colorado, Nevada and California), CannaBOS (back office solutions).

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

OtherCannabrand (Marketing), CanopyBoulder (Incubator), 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)

CBD CompaniesCharlotte’s Web by the Stanley BrothersGreen Roads World, Hemplucid, Sauc. 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)

References

 

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