Business Finance: Sales, Funding & Financial Services News:

July 25, 2014

FL Company Nabs $500K Funding Commitment

A Florida company has secured up to $500,000 in investments to fuel its business interests in the marijuana field. Holding firm iMD Companies landed an initial infusion of $25,000 with [click to continue...]

July 23, 2014

Moody’s: WA Rec Sales Could Fall Short of Projections

Initial recreational cannabis sales in Washington State could fall "well short" of expectations due to high tax rates, competition from medical marijuana and delays in the licensing process, according to [click to continue...]

July 17, 2014

Canadian Cannabis Company Buys Huge Facility for $13M

A prospective medical marijuana company in Canada has purchased a 300,000-square-foot facility for roughly $13 million U.S. dollars. Canadian Cannabis Corporation purchased the enormous warehouse in the town of Brampton, [click to continue...]

July 16, 2014

Cannabis Banking Bill Clears House

The U.S. House of Representatives passed an amendment Wednesday to prevent the federal government from penalizing financial institutions that do businesses with the marijuana industry. The Senate must now pass [click to continue...]

July 15, 2014

Marijuana Companies Donate Big Bucks to FL Legalization Drive

Florida's campaign to legalize medical marijuana is receiving some solid financial support from the cannabis industry. The People United for Medical Marijuana group has raised approximately $5.5 million from 5,659 [click to continue...]

July 3, 2014

Marijuana Dispensary Sues IRS Over Cash-Only Rule

A medical marijuana dispensary in Colorado is challenging the Internal Revenue Service's policy of charging extra fees to companies that pay taxes in cash. Allgreens, a dispensary in Denver, filed [click to continue...]

July 1, 2014

Rejected MA Dispensary Applicant to Appeal Decision

A prospective dispensary owner in Massachusetts will appeal the Department of Public Health's recent decision to eliminate his business from the application process. John Greene, founder and CEO of the [click to continue...]

June 30, 2014

Cannabis Real Estate Investing: Q&A With Bill Gottlieb and Jake Schrader of Articulated Investors

By Fred Dreier Investors are flocking to the cannabis sector in record numbers as the risk of federal prosecution ebbs and business opportunities grow. But they aren't just pumping money [click to continue...]

June 27, 2014

MMJ Farmers Market in LA Challenges State, City Rules

A medical marijuana dispensary in Los Angeles is promoting a type of cannabis farmers market over the July 4 weekend, but it's unclear whether the event is even legal. The [click to continue...]

June 20, 2014

UK Company Raising $148M to Advance CBD Drug

British drug maker GW Pharmaceuticals plans to raise $148 million from U.S. investors to advance an epilepsy drug that uses cannabidiol (CBD). The company will sell 1.7 million American Depository [click to continue...]

June 17, 2014

Investors Warned About Canadian Cannabis Stocks

Canadian securities officials are warning investors to be cautious of publicly traded medical marijuana companies. In a release, the Canadian Securities Administrators said that public companies could be misleading investors [click to continue...]

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Chicago Solidifies Rules on Marijuana Businesses

Chicago will allow medical marijuana dispensaries in commercial and business districts - including popular tourist [click to continue...]

Connecticut Dispensaries Preparing to Open

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Medical marijuana dispensaries in Connecticut are about to welcome their first customers, even though the [click to continue...]

Oregon Bank Looking to Work With Marijuana Industry

An Oregon-based financial institution has confirmed it is in talks with federal and state regulators [click to continue...]

NY Urged to Accelerate MMJ Program

NewYorkMedicalMarijuana

Cannabis advocates and lawmakers in New York are urging the state to accelerate implementation of [click to continue...]

Senators Ask Feds for Cannabis Guidance, Consistency

Senators from Colorado and Washington have jointly appealed to the White House and the U.S. [click to continue...]

Study: WA Rec Industry Not Creating Tourism Boom

Interest in traveling to Seattle has dipped slightly despite the start of recreational cannabis sales [click to continue...]

Rand Paul Pressuring Lawmakers to Declare Marijuana Stance

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U.S. Sen. Rand Paul (R-KY) has filed a series of marijuana-related amendments in recent days, [click to continue...]

CBD, Hemp Bill Introduced in House

A Republican lawmaker has introduced a bill in the U.S. House that would effectively legalize [click to continue...]

90% Support MMJ in Florida

Image for legalization of medical marijuana

Opponents of medical marijuana legalization in Florida have ramped up publicity for their campaign in [click to continue...]

Stiff Competition for LV Dispensary Licenses

Applicants for medical marijuana dispensary licenses in Las Vegas face some hefty competition. Roughly 47 [click to continue...]

New York Times Urges Marijuana Legalization

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The New York Times editorial board is calling for an end to the federal ban [click to continue...]

Debt Fund Launched for Illinois MMJ Startups

Entrepreneurs looking to enter Illinois' medical marijuana industry could get help with one of the [click to continue...]

FL Company Nabs $500K Funding Commitment

FloridaMedicalMarijuana

A Florida company has secured up to $500,000 in investments to fuel its business interests [click to continue...]

$38.5M Potential Tax Haul From Legalized Cannabis in Oregon

Cannabis legalization in Oregon could generate $38.5 million in taxes for the state during the [click to continue...]