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You are here: Home / Industry News / Cannabis Business Executive 100 Top Ancillary Businesses of 2016
Cannabis Ancillary Businesses

Cannabis Business Executive 100 Top Ancillary Businesses of 2016

June 7, 2016 by Rob Meagher 6 Comments

By Rob Meagher

The Cannabis Industry has attracted more than its fair share of creative, driven, and successful entrepreneurs and business executives since (and before) states began licensing producers, processors, and retailers to sell medical and then adult use marijuana to customers in the United States.

There are now 25 states with medical marijuana programs and four (4) with adult-use programs in the U.S., and more coming in the fall with several states supporting ballot initiatives, including the holy grail of states — California.

To date, CBE estimates that there have been in excess of 10,000 licenses granted to Producer, Processor and Retailers (PPRs), and there have easily been thousands of new, ancillary businesses (ABs) that are targeting these licensees and consumers.

These ABs are a key part of the industry food chain as they sell their products and services to the PPRs to help them grow their business as they pursue profitability, and, to help consumers of licensee products satisfy their individual needs for the plant whether they use it for recreational or medical purposes. Unlike PPRs, ABs are not prohibited, for the most part, in doing business nationwide or internationally, so their targets are not limited to their home states or even to licensed businesses only. In fact, many have supplied the black market for years.

On the other side of the coin, many nationally and internationally recognized brands have not entered the industry for fear of retribution by their current non-cannabis related customers who want to distance themselves as far away from marijuana as they can instead of being viewed as a friend to an industry that is still Federally illegal.

Banking, payroll, insurance, security, software, and staffing are just a few of the basic segments of products and services needed by any industry, yet the large national providers are eerily absent from the Cannabis Industry due to Federal Prohibition. Brands like Chase, Citibank, Bank of America, Prudential, Allstate, Marsh & McLennan, ADT Security Systems, IBM, Oracle, ADP, Spherion, and Kelly Services have remained on the sidelines, and their absence has produced unprecedented opportunities for several of the categories recognized in the inaugural CBE 100 Ancillary Businesses rankings.

The 2016 list is composed primarily of pioneering private companies and others that have decided to target the fastest growing industry in the U.S. and arguably worldwide, cannabis, and is represented predominantly by over 10 segments including but not limited to:

  • Compliance;
  • Consulting;
  • Cultivation Products & Services;
  • Extraction Equipment;
  • Lab Testing Services;
  • Media/Publishing/Events;
  • Packaging;
  • Payroll;
  • Staffing;
  • Security; 
  • Software.

The list does not include other segments that have  clearly contributed to the success of PPRs like venture capital, accredited individual investors and investment firms since it is virtually impossible to track annual revenues or services like accounting and legal which are populated by hundreds and thousands of local players.

Like the 2015 CBE 100 PPR list, our goal was to help attract capital to companies that we believe will generate revenues and play a key role in industry expansion.

As usual, transparency is a key issue that CBE Press is following in the industry, and we have been fortunate to collect 2015 employee counts and revenues for the majority of the companies listed. In some cases, we were able to estimate revenue based on publicly available information and our own calculations. We have ranked companies in revenue slices this year and included 10 companies that have either shared their revenues and asked not to be ranked by revenue segment or have flat-out declined to share revenues. In these cases, CBE Press believes they belong on the 2015 list and have included 10 companies that fit this profile in slots 91-100. Several of these firms would rank towards the middle to top of the 2016 rankings if we used their revenue figures.

This year’s list is represented by companies based in 17 states and three foreign countries. More specifically, here are the top five locations for CBE 100 ABs by location and the number in each:

  • Colorado — 31;
  • California — 20;
  • Washington — 7;
  • Florida — 6;
  • Oregon — 5.

At the top of this year’s list is Gavita Holland,  one of the oldest specialized horticultural lighting companies. Right behind are VapeWorld out of Boca Raton, Florida, and Nexus Greenhouse Systems of NorthGlen, Colorado. We apologize if we missed your company, be sure to let us know.

Please join me in congratulating the members of the 2016 CBE 100 Ancillary Businesses!

Rob Meagher

Founder, President and Editor-in-Chief

CBE Press LLC

 

RankCompany Size
2015 Revenue Range
Public/PrivateHQ LocationManagementTitleEmployeesCategory
$45,000,000 Plus
1
Gavita
PrivateNetherlandsNANA12Cultivation Products and Services - Lighting
2
Vapeworld
PrivateBoca Raton, FLAaron LocascioCEONAConsumption Gear & Supplies
3
Nexus Greenhouse Systems
PrivateNorthglenn, COMike Porter,Cheryl Longtin President/CEO/Co-Owners100Greenhouses, accessories & controls
$25,000,000 to $44,999,999
4
WeedMaps
PrivateIrvine, CADoug FrancisCEO170Media/Publishing
5
GGS Structures Inc.
PrivateOntario, CNLeigh CoulterOwner75Greenhouses, accessories & controls
6
Waters Corporation
WAT/NYSEMilford, MaChristopher J. O'ConnellCEO6500Extraction Equipment
7
Grodan
PrivateNetherlandsRyan Halvorsen Retail Business Manager110Cultivation Products and Services
$15,000,000 to $24,999,999
8
High Times
PrivateNew York, NYLarry LinietskyCOO30Media/Publishing
9
Growers Supply
PrivateSouth Windsor, CTBarry GoldsherCEO400Cultivation Products and Services
10
MJardin
PrivateDenver, COAdam Denmark CohenCEO250Cultivation Management
11
Growers House
PrivateTuscon, AZPaul & Nate LiptonOwners22Grow/Cultivation Equipment
12
CoolJarz
PrivateIrvine, CAKen LoritzPresident & CEO22Grow/Cultivation Equipment
$10,000,000-$14,999,999
13
Nanolux
PrivatePetaluma, CAEmily WalterNational Sales Manager9Cultivation Products and Services - Lighting
14
Keirton
PrivateVancouver, CNJay EvansCEO25Cultivation Products and Services - Trimmers
15
Apeks Supercritical
PrivateColumbus, OHAndy JosephCEO31
Extraction Equipment
16
Eden Labs
PrivateSeattle, WAAC BraddockCEO25Extraction Equipment
17
MJ Business Daily (Anne Holland Ventures)
PrivateProvidence, RIAnne Holland & Cassandra FarringtonCo-Founders & CEO13Media/Publishing
$5,000,000-9,999,999
18
Best Value Vacs
PrivateNaperville, ILThomas Marosi and Mitchell Marosi Owners26
19
urban-gro
PrivateLafayette, COBradley NattrassCEO22Cultivation Products and Services
20
Cannasure
PrivateColombus, OHPatrick McManamonCEO8Insurance
21
SURNA
SRNA/OTCBoulder, COStephen KeenCEOCultivation Products and Services
22
TrimPro
PrivateMontreal, CNSteven Drummond Executive Director26Cultivation Products and Services - Trimmers
23
Ms Mary's Staffing
PrivateDenver, COStephen SullivanCEO5/500*Payroll & Staffing
24
Envirotech Greenhouse Solutions
PrivateRichmond, CAZev IlovitzPresident8Greenhouses, accessories & controls
25
Terpp Extractors
PrivateFort Collins, COLori HainkelCEO10Extraction Equipment
26
Zwart Systems
PrivateOntario, CNJim Van RynGeneral Manager40Greenhouse Irrigation

27
MJ Freeway
PrivateDenver, COAmy Poinsett & Jessica BillingsleyCEO/COO39Software
$2,500,000-$4,999,999
28
Precision Extractions
PrivateDetroit, MINick TenantCEO15Extraction Equipment
29
Cannaline
PrivateElkridge, MDArnold Heckman & Andrew RickertCEO/COO7Packaging
30
FunkSac
PrivateColombus, OHGarrett FortuneCEO15Packaging
31
Biotrak THC
PrivateFt. Lauderdale, FLPatrick VoCEO40Software
32
Good Earth Organics
PrivateCave Junction, ORRoy DeLeonCEO10Cultivation Products & Services
33
Kush Bottles
KSHB/OTCSanta Ana, CANick KovacevichCEO20Packaging
34
Dauntless Software
PrivateRedmond, WAClark MusserCEO16Software
35
Forever Flowering Greenhouses
PrivateGrass Valley, CAJonathan ValdmanCEO8Greenhouses, accessories & controls
36
Gobi Analytical
PrivateDenver, COBugi PerroneOwner/President17Lab Testing
37
Steep Hill
PrivateBerkeley, CAJ MichelleCEO30Lab Testing
38
GreenBroz
PrivateSan Diego, CACullen RaichartCEO15Cultivation Products and Services - Trimmers
39
iGrow
PrivateColombus, OHAri Seaman, Cary & Eric SendersCo-Owners15Cultivation Products and Services - Lighting
40
NuAxon BioScience
PrivateBloomfield, INJason EdwardsCEO/PresidentExtraction Equipment
41
ExtractionTek
PrivateDenver, COSean WinfeildVP Sales & Marketing7Extraction Equipment
42
American Cannabis Company
AMMJ/OTCDenver, COCorey HollisterCEO13Consulting & Reseller
43
Trimminator
PrivateGrass Valley, CADana Mosman CEO15Cultivation Products and Services - Trimmers
$1,000,000-$2,499,000
44
ArcView Group
PrivateSan Francisco, CATroy DaytonCEO7Media/Publishing
45
Guardian Data Systems
PrivateSeattle, WALance OttCEO12Software and Financial Services
46
Amercanex
PrivateDenver, COSteve JancicCEO16Media/Publishing
47
HelioSpectra
HLSPY/OTCGoteborg, SwedenStaffan HillbergCEO22Cultivation Products and Services - Lighting
48
Isolate Extraction Systems LLC
PrivateLafayette, COKelly KnudsonCEO9Extraction Equipment
49
CANNAFAM
PrivateScottsdale, AZRyan BishopCEO16Packaging
50
Bulbulyan Consulting Group
PrivateBurbank, CAAvis BulbulyanCEOs8Consulting
51
Black Dog LED
PrivateBoulder, COCorey Drew Founder/CEO11Cultivation Products and Services - Lighting
52
GreenLeaf Labs
PrivatePortland, ORRowshan ReordanCEO16Lab Testing
53
HempTemps
PrivateAurora, COShannon FormanCEO121Staffing
54
Franwell
PrivateNashville, TNJeff Wells/Scott DenhamCEO/Executive Director15Software
55
Oaksterdam
PrivateOakland, CADale Sky JonesExecutive Director12Training & Education
56
National Cannabis Industry Association
Non-ProfitDenver, COAaron SmithExecutive Director10Trade Association
57
4 Front Advisors
PrivatePhoenix, AZLeise RosmanManaging Partner16Consulting
58
Cannaguard Security
PrivateLake, Oswego, ORNoah SykesCEO25Security Solutions
57
Incredible Extractor
PrivateDenver, CORick ScarpellaCEO8Extraction Equipment
59
Witlon
PrivateDenver, CONick MurerCEO50Payroll & Staffing
60
Bud Bar Displays
PrivateGold River, CAWill SmithCEO15Retail Displays
61
Analytical 360
PrivateSeattle, WABrenton DawberCEO17Lab Testing
62
Confidence Analytics
PrivateRedmond, WABobby Hines & Nick MoselyCo-Owners26Lab Testing
63
RM3 Labs Colorado LLC
PrivateDenver, COIan BarringerFounder/CEO20Lab Testing
64
Denver Consulting Group
PrivateDenver, COGreg Gamet & Justin JonesOwners10Consulting
65
ProVerde Laboratories, Inc.
PrivateMilford, MaDorian A. Des LauriersCEO10Lab Testing
66
Capsule Consulting Group
PrivatePompano Beach, FLJonathan GilinskiCEO19Consumption Gear & Supplies
67
Comprehensive Cannabis Consulting
PrivateDenver, CONic EasleyCEO10Consulting
68
BIOS
PrivateFt Lauderdale, FLSean TegartPresident & CEO12Cultivation Products and Services - Lighting
69
Stink Sack (Quark Distribution)
PrivateNew York, NYRoss KirshFounder/CEO6Packaging
70
EZ Trim
PrivateBroomfield, COJoe BlackCEO9Cultivation Products and Services - Trimmers
71
Massachusetts Cannabis Research Labs
PrivateFramingham, MAMichael KahnOwnership, CEO11Lab Testing
Under $999,999
72
Oregon Growers Analytical
PrivateEugene, ORBethany ShermanFounder/CEO11Lab Testing
73
CannaSafe Analytics
PrivateMurrieta, CAMatthew HaskinCEO8Lab Testing
74
Vangst (Gradujuana)
PrivateDenver, COKarson HumistanCEO10Staffing
75
Medicine Man Technologies
MDCL/OTCDenver, COBrett RoperCOO4Consulting
76
Cannasecurity
PrivateDenver, COTom SicilianoCOO25Security Solutions
77
Leaf Logix
PrivateRoswell, GeorgiaJames MinutelloCEO16Software
78
Iron Laboratories
PrivateWalled Lake, MIHoward LutzCEO16Lab Testing
79
Adilas
PrivateSalida,COStephen BerkoncotterCEO3Software
80
Calyx
PrivateSan Diego, CAChris BoudreauCEO15Distributor
81
Vegamatrix
PrivateScottsdale, AZKyle Kushman & Susie AmbroseFounder/President & CEO4Cultivation Products & Services
82
Rolland Safe
PrivateDallas, TXRick RollandCEO84Security Solutions
83
Adherence Compliance
PrivateDenver, COSteve OwenCEO5Compliance Software
84
Indo Expo Trade Show
PrivateDenver, COChris OlsonCEO7Media/Publishing/Events
85
iComply
PrivateDenver, COMark SlaughCEO10Compliance Software
86
C3 Labs
PrivateBerkeley, CAMarc Deppe/Tobias PaquetOwner/CEO8Lab Testing
87
Weedtraqr
PrivateSeattle, WADavid BusbyCEO4Software
88
HempStaff LLC
PrivateMiami, FLJames YaglieloCEO9Staffing
89
Sapphire Risk Advisory Group
PrivateDallas, TXTony GalloCEO3Security Solutions
90
Canna Consulting Group
PrivateClearwater, FLKarl KeichExecutive Director9Consulting
Companies That Wouldn't Share Revenue Listed Alphabetically
91
Cascadia Labs (no image)
PrivatePortland, ORAmy & Jeremy SackettCEO10Lab Testing
92
Current Culture H2O
PrivateFresno, CADaniel WisonPresident16Cultivation Products & Services
93
CW Analytical
PrivateOakland, CARobert MartinCo-Founder11Lab Testing
94
Denver Relief Consulting
PrivateDenver, COEan Seeb & Kayvan Khalibari, Nick HiceCo-owners14Consulting
95
MedMen
PrivateLos Angelas, CAAdam BiermanCEONAConsulting & Management
96
MassRoots
MSRT/OTCDenver, COIsaac DietrichCEO30Media/Publishing
97
SCLabs
PrivateSanta Cruz, CAJeff GrayCEO50Lab Testing
98
TRIQ
PrivateBend, ORMatt CohenCEO13Cultivation Products & Services
99
Viridian Staffing
PrivateSeattle, WADavid MuretFounder & COONARecruiting & Staffing
100
Women Grow
PrivateSan Francisco, CAJazmine HuppCo-Founder & CEO7Media/Publishing/Events

 

Filed Under: Industry News, Spotlight Tagged With: ADP, ADT Security Systems, Allstate, Bank of America, CBE 100 Ancillary Businesses, Chase, Citibank, Gavita Holland, IBM, Kelly Services, Marsh & McLennan, Nexus Greenhouse Systems, Oracle, Prudential, Sperion, VapeWorld

About Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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