Sales, Funding & Banking News

Week in Review: Growth Potential in New York, Oregon Rec Market Red Hot & MI Stumbles

John Schroyer  | August 26, 2016

By John Schroyer

New York’s health department recommends doubling the size of the state’s medical marijuana industry, Oregon recreational applications flood in as adult-use sales skyrocket, and Michigan’s MJ legal limbo may persist a few more years.

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

Week in Review: Big Legal Victory, Nervous Credit Union & Unrequited Love in MA

Roger Fillion  | August 19, 2016

By Omar Sacirbey and John Schroyer

The marijuana industry scores a big legal victory, a credit union in Alaska gets cold feet, and a Massachusetts city nixes a controversial business deal with a medical cannabis dispensary.

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

Tuatara’s Big Raise Underscores Improving Landscape for Cannabis Financing

Omar Sacirbey  | August 16, 2016

By Omar Sacirbey

Tuatara Capital’s recent success at raising a record $93 million for marijuana industry-related investments signals that deep-pocketed investors increasingly are embracing cannabis businesses.

Moreover, the U.S. Drug Enforcement Administration’s decision to keep marijuana on its list of the country’s most dangerous drugs isn’t expected to curb that investor enthusiasm.

Canadian MJ Companies Raise Tens of Millions in Financing

John Schroyer  | August 8, 2016

Within the span of a week and a half, a trio of Canadian medical cannabis producers announced they had all raised seven-figure amounts to expand their businesses.

First it was Aphria, which revealed on July 28 that it had entered into a “bought deal” that would net it CA$25 million, in exchange for …

Canna-Centric Software Company Nets $1.6 Million in Seed Funding

Omar Sacirbey  | August 5, 2016

Baker, a Denver-based customer-engagement software company for marijuana dispensaries and edibles brands, announced on Friday it has landed $1.6 million in seed funding.

The funding round was led by Michael Lazerow, founder of Golf.com and Buddy Media, a social marketing software company purchased by another customer-relationship management business, Salesforce, for $800 million.

Other investors include …

Week in Review: Rescheduling Rumors, Nevada Targets California Docs & Pain Relief in MN

John Schroyer  | August 5, 2016

By John Schroyer and Omar Sacirbey

Federal cannabis rescheduling rumors keep swirling, Nevada is poised to cut off a significant chunk of income for medical marijuana dispensaries, and Minnesota’s pair of MMJ companies get major relief from pain patients.

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