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Colorado Dominates Top 150 Ancillary Cannabis Companies
Denver's Westword ^ | September 22, 2017 | Thomas Mitchell

Posted on 09/22/2017 11:44:13 PM PDT by 2ndDivisionVet

Legalizing cannabis doesn't just create jobs involving cultivation of the plant; it also creates businesses that aid those cultivations, infused-product manufacturers and dispensaries. Ancillary businesses to the cannabis industry can be in anything from extraction technology to industry consulting, with many, many things in between.

Ancillary businesses represent the largest and broadest sector of the cannabis industry, according to multiple industry reports, and many of the top companies are based in Colorado. Of the top 150 ancillary cannabis businesses on a recent list from Cannabis Business Executive, 41 are headquartered in Colorado. By comparison, California had 35 on the list, while Washington and Oregon combine for just 22.

As the first state to legalize recreational cannabis, Colorado had a head start on encouraging entrepreneurs to bring their ideas to fruition, or to further grow already existing businesses. You may have heard of some of these success stories, such as the Vicente Sederberg law firm and Leafbuyer, thanks to their media presence or consumer-facing products, while others are content to fly under the radar.

Compiling reader surveys and research over the span of four months, CBE chose its 150 favorite ancillary businesses and split them into categories. The highest-ranking Colorado company and only one to crack the top fifteen was Nexus Greenhouse Systems, a greenhouse manufacturer based in Northglenn. However, the company might want to widen its focus: According to the 2017 Marijuana Business Factbook, ancillary businesses that serve industries outside of cannabis have 7 percent higher profitability than those that don't. The top overall entry on CBE's list, Hawthorne Gardening, is a New York-based hydroponics and gardening provider that serves a wide array of cultivations beyond cannabis.

View the entire list and learn more about CBE's grading methods on the CBE site. Here are the Colorado companies that made the cut, their focus and their rank:

3. Nexus Greenhouse Systems Cultivation Products and Services Northglenn

17. Urban-Gro Cultivation Products & Services Lafayette

24. Ms. Mary Staffing Staffing/Payroll Denver

25. Vicente Sederberg Legal Denver

28. MJ Freeway Software Denver

32. Your Green Contractor Cultivation Products and Services Englewood

36. ExtractionTek Solutions Extraction Equipment Denver

38. Baker Software Denver

40. Surna Cultivation Products and Services Boulder

44. Terpp Extractors Extraction Equipment Fort Collins

48. Isolate Extraction Systems Extraction Equipment Lafayette

51. Canna Advisors Consulting Boulder

55. Wilton Inc. Staffing/Payroll Denver

56. Grocentia Cultivation Products and Services Fort Collins

57. Canna Security America Security Solutions Denver

58. Assurpack Packaging Greenwood Village

65. Black Dog LED Cultivation Products and Services Boulder

66. Vangst Staffing/Payroll Denver

72. Gobi Analytical Lab Testing Denver

73. Medicine Man Technologies Consulting Denver

75. Helix TCS Software Greenwood Vilage

77. Amercanex Media/Publishing Denver

78. American Cannabis Consulting Consulting Denver

82. Hoban Law Group Legal Denver

83. National Cannabis Industry Association Trade Association Denver

87. RM3 Labs Lab Testing Denver

88. Mjardin Cultivation Products and Services Denver

89. Hemp Temps Staffing/Payroll Aurora

90. Cova Software Denver

95. Adilas Software Salida

96. Green Mountain Harvest Cultivation Products and Services Lakewood

97. McAllister Garfield Legal Denver

101. 3C Consulting Consulting Denver

107. Wurk Software Denver

111. BDS Analytics Software Denver

113. Symplifia Software Denver

121. Indo Expo Trade Show Media/Publishing Denver

123. Leafbuyer Software Denver

126. Quintel-MC (ERP Cannabis) Software Greenwood Village

138. Denver Relief Consulting Consulting Denver

139. Flowerhub Software Denver

TOPICS: Agriculture; Business/Economy; Gardening
KEYWORDS: colorado; economy; jobs; marijuana
I had a feeling security services would come into play in an industry with little or no access to banking.
1 posted on 09/22/2017 11:44:13 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

I watched some interview of a guy who was a big player at the beginning of the Colorado Cannabis episode. He was immediately having issues on day one with the banking sector. His solution (at least twelve months into it) was the idea of buying a old bank building with the vault...hiring six to eight folks to run/guard the bank...and making their own bank structure. His idea was to make it into a place where the other such businesses would come. It didn’t sound to me like he was going to allow any US banking folks or audit folks to survey the situation.

2 posted on 09/23/2017 12:07:44 AM PDT by pepsionice
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To: 2ndDivisionVet

You’re right. Security devices indeed ! ( coming soon by your local cartels )

3 posted on 09/23/2017 12:17:41 AM PDT by A strike (Academia is almost as racist as Madison Ave.)
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To: 2ndDivisionVet

Hippies finding out that Oregon is a pretty unfriendly business climate. even for hippies.

4 posted on 09/23/2017 12:33:34 AM PDT by gundog (Hail to the Chief, bitches.)
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To: 2ndDivisionVet

In 2018, California will start licensing marijuana businesses and growers for the recreational market.

They will blow by Colorado pretty quickly in these rankings.

Big deals are being put together for California startups. They are looking to establish dominant new brands under names like Bob Marley, and Cheech and Chong.

Nevada is looking to get into the business too, and they are being aggressive in allowing new firsts (like public sale/consumption in bars) to try and grab the tourist trade. No special licenses are needed for marijuana businesses in Nevada, so companies can already be starting up there - recreational sales began in July.

In a couple of years, Colorado may be back to mainly just supporting the habits of their local stoners, while most of the industry and support services get taken over by new players from out of state.

5 posted on 09/23/2017 12:54:18 AM PDT by BeauBo
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To: 2ndDivisionVet

I know in Nevada some of the new legal Marijuana business is Mafia owned and friends of Harry Reid. But I repeat myself.

6 posted on 09/23/2017 1:22:54 AM PDT by DaxtonBrown
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To: A strike

CO has had a booming, regulated market in recreational pot for nearly 4 years.

What are the cartels waiting for?

7 posted on 09/23/2017 1:36:18 AM PDT by Ken H (Best election ever!)
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To: 2ndDivisionVet

Get the kids on drugs. Yeah. Money in it.

8 posted on 09/23/2017 2:01:55 AM PDT by Beowulf9
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To: 2ndDivisionVet

They probably have the most drug rehab centers too in the country

9 posted on 09/23/2017 6:32:19 AM PDT by nikos1121 (Let's get Newt in there to help...)
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