Business Finance: Sales, Funding & Financial Services News:

August 25, 2014

Guest Column: Banking Relief is on the Way – Here’s How You Can Prepare

By Paula B. Givens Most cannabis-related businesses do not have a transparent and ongoing relationship with a financial institution, reflecting the fact that banks are wary of servicing the marijuana [click to continue...]

August 15, 2014

Week in Review: Comparing CO, WA Retail Sales + Banking Progress & Media Impact in Massachusetts

By Chris Walsh Colorado and Washington State release recreational cannabis sales data, a federal official says the banking situation is getting better and media reports heighten scrutiny of the MMJ [click to continue...]

August 13, 2014

Colorado Marijuana Tax Structure Questioned

Despite a record-setting month for recreational marijuana sales in Colorado this past June, tax revenues from retail cannabis transactions are 60% below what lawmakers initially expected by now. As a [click to continue...]

August 13, 2014

105 Banks Working With Cannabis Industry

Banking guidelines handed down by the Obama administration earlier this year are "having the intended effect" of encouraging more financial institutions to do business with the cannabis industry, according to [click to continue...]

August 11, 2014

WA Retail Stores Post $3.8M in Marijuana Sales

The recreational marijuana industry is off to a healthy start in Washington State, with retail stores hauling in $3.8 million during the first month of sales, according to figures for [click to continue...]

August 11, 2014

Guest Column: The 5 Types of Cannabis Companies Most Likely to Get Investment Money

By Emily Paxhia Many startups in the cannabis industry are seeking capital as the "green rush" intensifies, promising to make investors wealthy in exchange for some much-needed cash. But a [click to continue...]

July 30, 2014

Oregon Bank Looking to Work With Marijuana Industry

An Oregon-based financial institution has confirmed it is in talks with federal and state regulators to determine ways it might offer services to cannabis businesses. MBank is examining opportunities to [click to continue...]

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...]

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DEA Cements Plan to Boost Cannabis Production

For four years, the Drug Enforcement Administration has allowed a meager 46.3 pounds of cannabis [click to continue...]

Another Lawsuit Over Dispensary Licensing in Massachusetts

The Massachusetts dispensary licensing process has evoked the ire of several applicants who feel that [click to continue...]

Advocate: Paraphernalia Sales Legal Under Florida MMJ Bill

marijuana pipe

Florida's medical marijuana ballot measure will create an overlooked business opportunity: paraphernalia sales. Currently, it’s [click to continue...]

WA Retail Stores Fight Price Gouging

Washington State recreational marijuana shops have had it with the sky-high prices licensed growers are [click to continue...]

Investors Welcome 2 New Canadian MMJ Stocks

Two Canadian cannabis cultivation companies saw their share prices soar on the first day of [click to continue...]

Colorado Rec Tax Structure Safe for Now

coloradocannabis

Taxing recreational marijuana sales is a tricky business, as a Denver judge pointed out in [click to continue...]

Medical Marijuana Industry Burgeoning in WA Town

The town of Port Angeles, Washington, has experienced a marijuana boom in 2014. But the [click to continue...]

Oregon City’s Recall Election Tied to Dispensary

Just because Oregon is poised to legalize recreational marijuana in November doesn’t mean everyone in [click to continue...]

Applicant for Massachusetts MMJ Licenses ‘Befuddled’ by Ruling

MassHealthDepartment

A Denver medical cannabis company says it's “befuddled” by obstacles it has encountered while trying [click to continue...]

Lawsuits Could ‘Destroy’ Rec Cannabis in Washington State

Federal versus local control over marijuana. That’s the question at the heart of two lawsuits [click to continue...]

Recreational Marijuana Good for Oregon’s Budget, Researcher Says

OregonMedicalMarijuana

Legalizing recreational marijuana in Oregon would represent a "net win" for the state from a [click to continue...]

1st Connecticut Dispensary Opens

The first of six medical marijuana dispensaries formally opened in Connecticut on Wednesday night. The [click to continue...]

Canadian Cultivation Company’s Stock to Debut Monday

Bedrocan

A Canadian company is set to become just the second licensed medical cannabis cultivation business [click to continue...]

No Compensation for California Growers Under Revised Bill

The California State Assembly keeps going in circles when it comes to medical marijuana, and [click to continue...]