Finance: Sales, Funding & Banking News:

May 19, 2015

Mad Scramble in Nevada After Bank Retreats From Cannabis Industry

By Tony C. Dreibus Serenity Wellness opened three accounts at First Security Bank of Nevada over the past 60 days, a key step in its plans to open production, processing [click to continue...]

May 18, 2015

Chart of the Week: Marijuana Business Entrepreneurs Predict Their 2017 Valuations

By Becky Olson More than half of existing marijuana businesses are seeking additional financial backing or plan to do so later this year, while most cannabis firms preparing for launch [click to continue...]

May 15, 2015

Week in Review: WA Reaching Out to Tribes, Banks Explain MJ Stance + Ohio Campaign Boost

By John Schroyer and Tony C. Dreibus Washington State sets up a process to work with Native American tribes interested in marijuana, large banks reveal why they won’t touch the [click to continue...]

May 15, 2015

Another Bank Pulling Back From Marijuana Industry

By John Schroyer There’s more bad news on the banking front for cannabis companies. First Security Bank of Nevada, which began working with the nascent medical marijuana industry in the [click to continue...]

May 14, 2015

Smaller Players Squeezed Out of NY Licensing Process

Strict rules, huge financial requirements and stiff competition appear to be deterring smaller businesses from vying for medical marijuana licenses in New York – which is what some observers expected [click to continue...]

May 12, 2015

Large Banks Say Cannabis Business Risks Still Outweigh Benefits

The nation’s largest banks aren’t willing to work with cannabis businesses because the risks of working with a product that’s federally prohibited outweigh any benefits, executives with the financial institutions [click to continue...]

May 12, 2015

Colorado Easing Rules on Out-of-State Investments in Cannabis Companies – With Some Big Caveats

Note: This story has been updated and clarified, as Marijuana Business Daily initially received incorrect and incomplete information from the sponsor of the investment bill. See full clarification at end [click to continue...]

May 11, 2015

WA Law Paves Way for Marijuana Pacts With Tribes

Washington State Gov. Jay Inslee has signed a bill that sets up a framework for his office to work with Native American tribes interested in growing and distributing cannabis. The [click to continue...]

May 11, 2015

Another Canadian City Begins Crafting Dispensary Laws

Lawmakers in Victoria, British Columbia, are drafting their own bylaws to regulate the city’s medical cannabis dispensaries even though the Canadian government has banned such operations. Victoria’s city council approved [click to continue...]

May 8, 2015

Week in Review: WA Rec Sales Balloon, NV Moves Closer to Launch + Puerto Rico Legalizes MMJ

By John Schroyer and Tony C. Dreibus Recreational marijuana sales gain some significant traction in Washington State, Nevada’s medical cannabis industry approaches the launchpad, and Puerto Rico becomes the first [click to continue...]

May 7, 2015

Rec Revenues Soar to $25M in Washington State

Washington State recreational marijuana sales surged in April, almost doubling the amount recorded in January. Sales via rec shops totaled $24.8 million in April, up from $12.7 million during the [click to continue...]

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Marijuana Business Daily to Resume Publishing Tuesday

Marijuana Business Daily is closed for the long holiday weekend. We’ll resume publishing on Tuesday. [click to continue...]

OH Legalization Campaign Sabotage Allegation Tossed

A complaint filed by one marijuana legalization campaign against another in Ohio was dismissed unanimously [click to continue...]

Big MN-Backed Grower Applies for Coveted NY License

new york mmj

Kyle Kingsley, MD, is hoping he’s found a way to expand his cannabis cultivation company [click to continue...]

Four WA Rec Stores Sell to Minors in Sting Operation

A quartet of recreational cannabis shops in Washington State wrongly sold marijuana to minors in [click to continue...]

New Lawsuit: CO Cannabis Baron Breaking IL MMJ Rules

Yet another lawsuit has been filed in Illinois over the licensing process in the state’s [click to continue...]

Facebook Blocks MMJ Educational Video

regulations

Medical cannabis apparently isn’t socially acceptable in Connecticut. At least, not by Facebook. A marketing [click to continue...]

Former OH Lawmaker Joins Cannabis Legalization Campaign

Former state Senate Minority Leader Eric Kearney, a Democrat from Cincinnati, has been hired by [click to continue...]

‘Worthless’ CBD Bill Heads to Texas Governor

The Texas Legislature has sent a bill allowing CBD treatments for some epilepsy patients to [click to continue...]

Debate Over New MMJ Business Restrictions in Oregon

Oregon medical marijuana developments and cannabis news

Just a week after one legislative committee fought to a standstill over Oregon’s medical cannabis [click to continue...]

Cannabis Cultivation Contender in Illinois Drops Lawsuit

One of several losing contenders in Illinois’ medical marijuana program has withdrawn a lawsuit it [click to continue...]

Denver MJ Law Firm Funds Local Cannabis Professorship

Vicente Sederberg LLP, perhaps one of the best known marijuana legal firms in the country, [click to continue...]

AZ Cannabis Farmer’s Market Club Raided by SWAT

arizona medical cannabis

Nine people were arrested at five locations after an Arizona SWAT team raided a medical [click to continue...]

Denver Grower Loses Court Fight Over Pesticide Quarantine

Denver marijuana cultivator Organic Greens was shot down in court on Friday by a district [click to continue...]

Revamped MA Dispensary Guidelines Make Process More Transparent

Medical marijuana dispensary license applicants in Massachusetts will be judged on their own merits under [click to continue...]

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