Business Finance: Sales, Funding & Financial Services News:

April 14, 2014

CA Marijuana Cultivators Urged to Cut Water Use

Legal and illegal marijuana cultivators in Northern California could be draining valuable water from the region's drought-affected streams and rivers. According to a soon-to-be-published study led by California's Department of [click to read more...]

April 11, 2014

Money Show Wrap-Up: Financial Lessons for Cannabusinesses

Financing, taxes and cash management - three of the most important topics for cannabis entrepreneurs - took center stage during last week’s CannaBusiness Money Show events in Boston, Chicago and [click to read more...]

April 10, 2014

GrowLife Trading Halted by SEC, Cannabis Stocks Drop

The U.S. Securities and Exchange Commission has temporarily halted stock trading for GrowLife Inc. (PHOT), which trades on the over-the-counter bulletin board. In a press release, the SEC said it [click to read more...]

April 9, 2014

Recreational Sales Rise 5%, But Actual Growth Much Bigger

Sales at Colorado recreational marijuana shops rose 5% in February to hit $15.1 million, according to an extrapolation of the latest tax data released by the state. The figures are [click to read more...]

April 9, 2014

New Forecast: U.S. MMJ and Recreational Cannabis Sales to Hit $8 Billion by 2018

By Anne Holland U.S. retail cannabis sales will rise more than five-fold over the next five years, from an estimated $2.2-$2.6 billion in 2014 to $7.4-8.2 billion in 2018, according [click to read more...]

April 1, 2014

MyECheck Announces Payment Processing Deal to Serve Dispensaries

By Anne Holland MyECheck (OTC Pink: MYEC), a provider of mobile payment processing via electronic checks, has announced a software licensing agreement with Itonis, Inc. (PINKSHEETS:ITNS) to handle point of [click to read more...]

March 21, 2014

Week in Review: Digital Currencies Target Marijuana Industry, But Skepticism Abounds

By Chris Walsh Dispensaries are getting inundated with pitches from companies offering services that "solve" the industry's banking and payment-processing woes. The latest solution being touted as a panacea: digital [click to read more...]

March 20, 2014

New Marijuana Digital Currencies: Adoption, Legality Unclear

Following the lead of the online currency Bitcoin, two new digital payment options have entered the cryptocurrency market, and both are aimed squarely at the marijuana industry. The developers of [click to read more...]

March 19, 2014

Cannabis-Friendly Landlord Finalizes $4.6 Million Deal

One of Arizona's largest real estate deals in 2014 has closed, and the property is specifically designed to attract medical marijuana tenants. Zoned Properties, a real estate company and landlord [click to read more...]

March 7, 2014

Week in Review: Mainstream Investors Finally Starting to Eye Green Rush

By Chris Walsh The dam holding back massive pools of investment money from the marijuana industry hasn't burst yet. But cracks are starting to emerge, and millions of additional dollars [click to read more...]

March 3, 2014

Black Market Threat to Rec Sales Lower Than Expected: Exclusive Data

By Anne Holland The economic threat the black market poses to legalized recreational cannabis sales may have been vastly overstated. According to a new consumer market research study from the [click to read more...]

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Health Canada Recalls Medical Marijuana

Health Canada has initiated the country's first ever medical marijuana recall. Earlier this week, British [click to read more...]

Tommy Chong Now Part-Owner of Colorado Cannabis Store

Actor and longtime marijuana advocate Tommy Chong is diving head-first into the business side of [click to read more...]

Cannabis Firm Buys 3 Buildings in Florida

The publicly traded firm Cannabis RX has acquired three commercial buildings in Florida that it [click to read more...]

Lack of Testing Oversight in Oregon Raises Concerns

Dispensary owners in Oregon are concerned that the state's lack of oversight on testing labs [click to read more...]

Lottery for Rec Licenses Underway in Washington

Washington State is holding a lottery this week to determine who can sell recreational cannabis [click to read more...]

Updated Illinois MMJ Rules Could Increase Market Size

Illinois has issued revised draft rules for the medical marijuana industry, easing up on regulations [click to read more...]

Privateer Holdings Expects to Raise $50M

Privateer Holdings, one of the largest private equity firms in the cannabis industry, is reportedly [click to read more...]

WeedMaps Ad Pulled From Times Square

Online dispensary directory WeedMaps recently purchased electronic billboard space in New York City's Times Square, [click to read more...]

Wisconsin Legalizes CBD Oils, But Questions Remain

Wisconsin has become the latest state to legalize cannabidiol extracts, joining Utah and Kentucky in [click to read more...]

More Oversight on Rhode Island MMJ Industry Urged

A marijuana working group in Rhode Island is lobbying for greater oversight of the state's [click to read more...]

Nevada MMJ Businesses Scramble to Meet Application Deadline

Prospective medical marijuana business owners in unincorporated areas of Nevada's largest county are making a [click to read more...]

Boston Dispensary Told to ‘Go Away’

A medical marijuana dispensary looking to set up shop in Boston can't seem to win [click to read more...]

CO Seeks to Shut Down Raided Dispensaries

Colorado regulators recently moved to shut down four dispensaries that were targeted during a high-profile [click to read more...]

DOJ Chief ‘Cautiously Optimistic’ About Rec Cannabis Programs

The nation's top law enforcement official said he is encouraged by Colorado and Washington State's [click to read more...]