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Category: Cannabis

Cannabis

Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from assured

Major issues facing the cannabis industry, such as limited access to banking services, have stalled in Congress without even getting a hearing, much less a floor vote. That will change …

Cannabis

Cannabis tech firm MassRoots to acquire logistics business COWA Science for $5.8M

Marijuana technology firm MassRoots – which has been struggling financially – said it agreed to acquire COWA Science, a cannabis-focused logistics and supply chain firm, in a stock deal valued at $5.8 …

Cannabis

How Canadian firms and money are shaping US cannabis sector: Q&A with The Apothecarium’s Ryan Hudson

Ryan Hudson co-founded The Apothecarium in San Francisco in 2011. On Monday, he agreed to sell the retail company and its assets to a Canadian wellness firm for a cool $118 million …

Cannabis

Why Cannabis' Recent Downturn Is Nothing to Worry About

By Greg Miller, Director of Cannabis Investing Research, Money Morning • February 12, 2019 Here’s the deal. We saw a bit of downside volatility in the NICI 50 index and …

Cannabis

San Francisco cannabis retailer acquired by Canada’s TerrAscend for $118M

Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars). In a news release, the Toronto-based company …

Cannabis

30-Year Market Veteran's Stunning Prediction: “Here's Exactly When Trump Will End Federal Marijuana Prohibition…”

By Greg Madison, Managing Editor, Money Morning • February 11, 2019 When you adjust estimates for the “street” (the black market), cannabis is already a $60 billion industry in the …

Cannabis

Marijuana companies seeking loans must be careful to avoid the trap of predatory lenders

(This is an abridged version of a story that appears in the February issue of Marijuana Business Magazine.) Predatory lending, which gained special notoriety during the early 2000s, can debilitate a …

Cannabis

Weekly Deal Watch: Capital raises for hemp firms ramp up post-Farm Bill

Bolstered by the Farm Bill’s passage, U.S. hemp companies are starting to flex their fundraising muscles. For their part, marijuana entrepreneurs are paying attention to these kinds of raises because …

Cannabis

Inside Investor Intelligence: Acreage Holdings dishes on why size matters in marijuana

In the battle to become the leading cannabis brand in the United States, few companies have amassed the influence, reach or war chest boasted by Acreage Holdings. Join us Thursday, …

Cannabis

Two of My Favorite Recreational Marijuana Companies Are “Going All In” on the $8 Billion Medical Cannabis Sector

Recreational marijuana grabs plenty of headlines. And why shouldn’t it? It’s an industry that will soon be worth hundreds of billions, and let’s face it, there’s still an element of …

Cannabis

MJBizDaily launches suite of tools for high-level investor intelligence

Investment in cannabis has grown at a meteoric pace – in size and in volume – over the past 12 months. To keep investors apprised of the rapid changes, Marijuana Business …

Cannabis

CA credit union reveals that it’s been banking cannabis businesses for a year

A California credit union said it has been providing banking services to licensed marijuana businesses for roughly a year, the North Bay Business Journal reported. North Bay Credit Union in …

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