News About Medical Marijuana & Money:

May 16, 2013

GrowLife’s Acquisition Strategy Leads to Spike in Revenues, But Wider Net Loss, in Q1

GrowLife Inc., a publicly traded company that provides cultivation equipment and related technology to the medical marijuana industry, reported a sevenfold increase in revenues during the first quarter but also [click to read more...]

May 14, 2013

Credit Card Companies Barring Dispensary Owners From Opening Accounts for Other Businesses

Dispensary owners affected by credit card companies’ moves to cut ties with the medical marijuana industry in recent years could find it exceedingly difficult to open merchant accounts for other [click to read more...]

May 10, 2013

Bright Marijuana Business Outlook: 80% of Ancillary Cannabis Firms Expect ‘Big’ or Moderate Growth

The future of the marijuana industry is extremely bright, at least if you ask those who have hitched their wagon to it. Roughly 80% of executives at ancillary cannabis companies [click to read more...]

May 6, 2013

Weekly Wrapup: Medical Cannabis Funding Climate Improving Amid New Deals, Developments

The medical marijuana industry may have finally turned a corner on the financing front, as evidenced by two important developments last week: #1. Five ancillary cannabis companies received a combined [click to read more...]

May 3, 2013

Medical Marijuana Inc. on the Defensive After Outside Criticism Sets Shareholders on Edge

One of the more prominent publicly traded cannabis companies has come under fire recently in blogs and stock message boards for its financial accounting methods and other issues, spooking investors [click to read more...]

May 2, 2013

Angel Investors to Pump $1 Million into 5 Cannabis Startups as Marijuana Investment Activity Picks Up

Five startup cannabis firms have received commitments for a combined $1 million in financing from angel investors, providing yet another indication that the investment climate is improving as marijuana gains [click to read more...]

May 1, 2013

Massachusetts Marijuana Advocates Decry ‘Nasty’ Bill That Would Severely Limit State’s MMJ Program

Massachusetts lawmakers are set to begin debating a bill that would cap the number of dispensaries in the state to just 10, set a nonrefundable application fee of at least [click to read more...]

April 30, 2013

Private Equity Firm Offering $250 Million in Cash Advances to Marijuana Businesses

By Anne Holland [Updated 5/2/13] Another crack has appeared in the wall of financial services firms refusing to do business with the cannabis industry. A financial firm based in Delaware [click to read more...]

April 26, 2013

83% of Existing Medical Marijuana Businesses Were Funded by Founders’ Own Wallets

By Anne Holland   As new-to-dispensaries states such as Massachusetts and Connecticut propose requiring dispensary founders to fund huge escrow accounts ($500k for MA and $2 million for CT), in addition [click to read more...]

April 24, 2013

AZ’s MMJ Dispensary Revenues Projected to Reach $440 Million by 2016

By Anne Holland According to an economic impact study of the nascent AZ MMJ dispensary industry, retail sales of medical cannabis in the state could grow to as much as $440 [click to read more...]

April 23, 2013

Cannabinoid Research Firm Cannabis Science, Inc. Could Go Under

By Anne Holland  [Updated as of 4/25/12]  According to its annual 2012 report filed today, Cannabis Science, Inc. (PINK:CBIS), may be in danger of shutting its doors. The company’s Form [click to read more...]

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Expert Opinion

Rob Hunt: Massachusetts Dispensary Regulations Will Create Shotgun Marriages, Boost Risk

Rob Headshot

By Robert E. Hunt So you want to open a medical marijuana dispensary in Massachusetts? [click to read more...]

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