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
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.
You’re right. Security devices indeed ! ( coming soon by your local cartels )
Hippies finding out that Oregon is a pretty unfriendly business climate. even for hippies.
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.
I know in Nevada some of the new legal Marijuana business is Mafia owned and friends of Harry Reid. But I repeat myself.
CO has had a booming, regulated market in recreational pot for nearly 4 years.
What are the cartels waiting for?
Get the kids on drugs. Yeah. Money in it.
They probably have the most drug rehab centers too in the country
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