Sales, Funding & Banking News

Week in Review: Sessions’ sleight of hand, scofflaws in CA & risky business in NY

John Schroyer  | January 13, 2017

By John Schroyer, Bart Schaneman and Omar Sacirbey

Attorney general nominee Jeff Sessions plays his cannabis-enforcement views close to the vest, dispensaries sidestep California’s adult-use law, and an L.A. marijuana company attempts a risky rescue in New York.

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

MMJ company CannaKorp raises $5.7 million in 2016

Bart Schaneman  | January 12, 2017

CannaKorp, a Massachusetts company that’s been dubbed the “Keurig for marijuana,” said it raised $4.1 million in its latest round of fundraising to help manufacture and distribute its pod-based medical cannabis vaporizing system.

For all of 2016, the company raised $5.7 million. The total includes an initial $1.6 million seed funding earlier that year, CannaKorp …

MassRoots receives $2M in proceeds from warrant exercise

Bart Schaneman  | January 12, 2017

MassRoots, the popular social network for cannabis enthusiasts, said it has received more than $2 million in cash from the exercise of warrants so far in 2017, providing additional financial stability to the once-wobbly Denver company.

This capital infusion will help us continue building momentum with the success we are having within the rapidly …

A look ahead: Issues facing marijuana professionals in 2017

Omar Sacirbey  | January 3, 2017

By Omar Sacirbey

The marijuana industry is not only beginning a new year, it’s starting a fresh era in which it could flourish with opportunity or regress under a White House that could resurrect the crackdowns and raids of the past.

We examine seven of the top issues the industry could face in 2017.

Year in Review: Top 10 notable developments in the marijuana industry from 2016

Omar Sacirbey and Bart Schaneman  | December 30, 2016

By Omar Sacirbey and Bart Schaneman

In the annals of marijuana history, 2016 will most certainly stand out as a watershed year for the business of cannabis.

From huge wins on Election Day and a flurry of investment activity to big courtroom victories and recreational legalization momentum in Canada, cannabis made headlines in the U.S. and …

An $8 billion night: 7 states legalize medical, recreational cannabis in historic election

Chris Walsh  | November 9, 2016

By Marijuana Business Daily staff

The cannabis industry scored a landslide victory Tuesday as four states legalized recreational marijuana and another three approved medical use, cementing the 2016 election’s place in the history books.

The developments could lead to $7 billion-$8 billion in additional annual retail cannabis sales, according to Marijuana Business Daily’s preliminary estimates.