A fast-growing social network for marijuana users is entering a key phase in its quest to get listed on the Nasdaq, which would mark a groundbreaking development for the cannabis industry and MJ stocks at large.
In another sign that the cannabis industry is moving towards the mainstream, the popular marijuana-focused social networking site MassRoots announced on Monday that it has applied for its stock to be listed on the Nasdaq.
If approved, it would become the first marijuana-related technology company to trade on the Nasdaq Capital Market and could pave …
Final highlights from the Spring Marijuana Business Conference and Expo, the Texas Legislature passes a (possibly entirely) symbolic victory for medical cannabis advocates, and Massachusetts, embattled by licensing lawsuits, announces big changes in its MMJ licensing application process.
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 told Bloomberg.
Investors in marijuana stocks are younger and more likely to be from big states such as California and New York, but they tend to have less money to put into publicly traded companies, according to a report by stock tracker SigFig.
Marijuana cultivators can possibly benefit from the recently released Tesla battery, which could help growers cut energy costs and save thousands of dollars in lost income in the event of a power outage.
The Tesla battery – called the Powerwall – stores electricity generated from solar panels and when utility rates are low. …
Advanced Cannabis Solutions is back…on the stock market, that is.
Trading of the Denver-based company’s stock was halted by the U.S. Securities and Exchange Commission a little over a year ago after officials became concerned about potential illegal share distribution, and it was then automatically delisted from the main over-the-counter markets.