Sales, Funding & Banking News

Pacific Northwest marijuana investment network set to launch

John Schroyer  | March 21, 2017

Cannabis-related companies in Alaska, Oregon and Washington seeking capital may find some investors through the Cannabis Investment Network, an organization launching this week that aims to connect marijuana firms with financial backers.

Cannabis Investment Network (CIN) is hoping to serve smaller-scale firms that are looking to raise from $500,000 to $3 million, according to a …

An industry in flux: Cannabis mergers, acquisitions on the rise

John Schroyer  | March 15, 2017

By John Schroyer

Cannabis industry mergers and acquisitions have been on the rise over the past year, and industry watchers say the number of sales and transactions is almost certain to continue as the marijuana trade at large matures.

Cannabis marketing platform gets $1.6M in added funding

Bart Schaneman  | March 14, 2017

Baker, a Denver-based software provider that links cannabis dispensaries with their customers, announced it has secured $1.6 million since an August seed round, bringing its total funding to $3.5 million.

Poseidon Asset Management, a marijuana-focused investment management firm in San Francisco, led the funding round. Other funders were chiefly existing investors, including serial entrepreneur Michael Lazerow …

Marijuana’s taxing situation: Q&A with political activist Grover Norquist

John Schroyer  | March 14, 2017

By John Schroyer

Grover Norquist, the clean-cut, conservative keeper of the anti-tax pledge signed by nearly half the sitting members of Congress, defies pretty much every stereotype of marijuana supporter there is.

But he has been a vocal ally of the cannabis industry for more than a decade.

Wall Street takes notice of marijuana: Q&A with cannabis analyst Vivien Azer

Omar Sacirbey  | February 21, 2017

By Omar Sacirbey

Vivien Azer, apparently the first cannabis analyst at a mainstream investment bank, is bullish on the marijuana industry.

And her confidence in the market is a significant reflection of how Wall Street views cannabis. Azer is an analyst at Cowen and Co., a New York investment bank founded in 1918.

Future of MJ + cannabis investing under Trump: Q&A with former DEA official Jodi Avergun

John Schroyer  | February 7, 2017

By John Schroyer

If anyone has a good handle on how federal narcotics prosecutions work, it's Jodi Avergun.

She once served as chief of staff for the U.S. Drug Enforcement Administration. And now, among her duties as a partner in a Washington DC law firm, she advises clients on whether to invest in cannabis.

Week in Review: Marijuana industry trademarks, cannabis banking & Oregon rec sales

John Schroyer  | January 27, 2017

By Omar Sacirbey, John Schroyer and Bart Schaneman 

A prominent marijuana pipe maker sues to defend its trademark, another state seeks Trump’s guidance on MJ banking, and adult-use cannabis sales continue to drop in Oregon.

Here’s a closer look at some notable developments in the marijuana industry over the past week.