Business Finance: Sales, Funding & Financial Services News:

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...]

June 13, 2014

Washington Recreational Cannabis Inventory Could Go Quick

Some growers in Washington State predict that retail cannabis shops will exhaust their inventories during the first weeks of operation, creating a similar situation to the one that played out [click to continue...]

June 13, 2014

Cannabis Tech Startup Raises $225K

A Denver-based cannabis technology firm has raised $225,000 from investors tied to The ArcView Group. The company, called CannaBuild, creates an "online budtending experience" by allowing dispensary and retail operators [click to continue...]

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Seattle Dispensaries, MMJ Growers Could Get Reprieve

seattle

Medical marijuana businesses in Seattle could get until 2016 to obtain licenses with the state. [click to continue...]

63 License Applications in Las Vegas

Las Vegas received 63 applications for medical cannabis business licenses by Wednesday's deadline, according to [click to continue...]

PTSD Study Could Move Forward, With Lead Researcher

Dr. Suzanne Sisley

A federally approved project to research the use of marijuana for treating post-traumatic stress disorder [click to continue...]

Minnesota Names Medical Cannabis Czar

Minnesota's medical marijuana program now has a leader. Michelle Larson, who held various executive roles [click to continue...]

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 [click to continue...]

Oregon Recreational Marijuana Bill Approved for Ballot

Oregonballotmeasure

Oregon voters will get another shot at legalizing recreational marijuana. The state announced Tuesday that [click to continue...]

Infused Products, Extracts Guidelines Released

The American Herbal Products Association (AHPA) released business guidelines today tied to the manufacturing, packaging, [click to continue...]

IL Hospital Voices Interest in Dispensing Marijuana

SwedishHospital

A hospital in Chicago has gone public with its desire to dispense medical cannabis. Executives [click to continue...]

Bid to Overturn San Jose MMJ Regs Falls Short

A last-ditch effort to block restrictive regulations on medical cannabis businesses in San Jose, California, [click to continue...]

Poll Shows Views on CO’s Rec Program Evolving

Colorado residents still favor the state's recreational marijuana law, however their support has dropped slightly [click to continue...]

VT Moves Forward With Marijuana Legalization Study

Image for marijuana studies

Rand Corp. is set to begin a study on the possible impacts of marijuana legislation [click to continue...]

Illinois Expands MMJ Program

Illinois Gov. Pat Quinn has signed legislation expanding the list of qualifying conditions for the [click to continue...]

Cheeba Chews Returns to Colorado Market

Cheeba Chews is back in business. The Colorado-based company - which makes a popular line [click to continue...]

WA Product Shortages Could Last Months

Washingtonrecupdate

When will Washington State's recreational marijuana industry have enough product to satisfy demand? One cultivator [click to continue...]