Finance: Sales, Funding & Banking News:

February 26, 2015

MJ Financial Services Firm Secures $2M Investment

A financial services firm that plans to serve the cannabis industry has secured $2 million in financing from the maker of skin care products for cancer patients. Kind Financial, which [click to continue...]

February 24, 2015

Report: Outlook for MJ Stocks Strong, But Many Could Stumble

Institutional investors will put money into cannabis stocks this year, though many publicly traded MJ businesses could eventually fail because of poor fundamentals, according to a report from a New [click to continue...]

February 18, 2015

Cannabis Investment Trends and Funding Advice: Q&A With Viridian Capital’s Scott Greiper

By Tony C. Dreibus Big money is flowing into the marijuana industry, merger and acquisition activity is increasing, and the legislative environment is improving - all good things for the [click to continue...]

February 17, 2015

IRS Taking Tough Stance Against MJ Businesses Without Bank Accounts

The Internal Revenue Service has no sympathy for marijuana companies that can’t find bank accounts, it seems. An IRS hearing officer has rejected a Colorado dispensary’s request to waive a [click to continue...]

February 12, 2015

Colorado Marijuana Industry Firing on All Cylinders as Annual Sales Hit $700M

By John Schroyer Behold, the power of cannabis. Dispensaries and retail cannabis stores in Colorado generated nearly $700 million in marijuana revenues last year, when the state became the first [click to continue...]

February 9, 2015

Snoop Dogg Looking to Invest in Cannabis Companies

Another day, another celebrity jumping into the marijuana industry. Rapper Calvin Broadus Jr., aka Snoop Dogg, is hoping to raise $25 million to invest in the cannabis industry, Tech Crunch [click to continue...]

February 5, 2015

Big-Name Business Accelerator Latest to Invest in Cannabis Industry

Investments in the cannabis industry are suddenly en vogue. Y Combinator (YC) – a business accelerator that helped get Reddit, Airbnb and Dropbox off the ground – has invested in [click to continue...]

January 30, 2015

Super Bowl a Boon for Washington MMJ Business

A cannabis company in Washington State is capitalizing on the Super Bowl in a big way. Solstice Grown, which produces cannabis flowers and infused products, has seen huge demand for [click to continue...]

January 30, 2015

Week in Review: Bank Axes CO Service, Contentious Biz Plan in Alaska & Concerns Over Potential AG

By John Schroyer An Oregon-based bank retreats from the Colorado marijuana market, an entrepreneur reveals plans to open an unlicensed dispensary in Alaska, and the nominee for U.S. attorney general [click to continue...]

January 28, 2015

Prominent Investment Firm Pumps Money Into Cannabis Tech Company

Another mainstream investment firm is hoping to cash in on the cannabis industry. Tao Capital Partners, which pumped money into Tesla cars and space travel company SpaceX, announced it has [click to continue...]

January 27, 2015

MBank Nixes Services for Colorado MJ Companies

Well that was quick. MBank, the Oregon-based financial institution that recently announced it would begin serving Colorado marijuana companies, changed its mind and announced on Monday that it doesn’t have [click to continue...]

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150K Pounds of Legal Marijuana Sold in CO Last Year

Dispensaries and retail cannabis stores in Colorado sold nearly 150,000 pounds of marijuana flower last [click to continue...]

Medical Cannabis Demand Outweighing Supply in DC

supply and demand

Recreational marijuana has dominated headlines out of Washington DC this week, as the use, possession [click to continue...]

Another Lawsuit Over MMJ Licensing Process in Illinois

A company that got turned down for one of the Illinois’ 21 medical marijuana cultivation [click to continue...]

MJ Financial Services Firm Secures $2M Investment

A financial services firm that plans to serve the cannabis industry has secured $2 million [click to continue...]

Alaska’s Largest City Enacts MJ Concentrates Rules

Alaska

Alaska marijuana entrepreneurs who want to specialize in infused products or extracts will have to [click to continue...]

Washington DC Mayor Seeks to Ban ‘Cannabis Clubs’

With private marijuana use on track to become legal in Washington DC on Thursday barring [click to continue...]

Evicted MMJ Grower Wants Same Legal Protections as Farmers

Oregon is facing an interesting question tied to its medical marijuana law: Should evicted cannabis [click to continue...]

Report: Outlook for MJ Stocks Strong, But Many Could Stumble

cannabis stocks

Institutional investors will put money into cannabis stocks this year, though many publicly traded MJ [click to continue...]

Alaska Governor Seeks Marijuana Industry Oversight Board

Alaska Gov. Bill Walker has sent a bill to state lawmakers calling for the establishment [click to continue...]

Canadian Stock Regulators: Risk Disclosures Lacking

Canadian stock regulators have a word of warning for those investing in MMJ companies north [click to continue...]

Minnesota Medical Cannabis Workers Join Union

UFCW

At least half of Minnesota’s medical marijuana dispensaries will be unionized. The United Food and [click to continue...]

Kosher Medical Cannabis Certification in New York?

Dispensary owners in New York may have a niche customer base to tap when they [click to continue...]

U.S. Investment Fund Inks Another Deal With Canadian Grower

A U.S. investment fund has cemented its second deal with a Canadian cannabis grower this [click to continue...]

Some San Jose Dispensaries Refusing to Pay Tax

cannabis taxes

Dispensary owners in San Jose, California, are in a dispute with the city over unpaid [click to continue...]