More good news on the financial front for cannabis businesses: A company that sells self-service kiosks for financial transactions has landed a $25 million investment. Florida-based Payteller announced Wednesday that ISS Management LLC has agreed to an equity...
For four years, the Drug Enforcement Administration has allowed the federal government to grow a meager 46.3 pounds of cannabis annually for research purposes. But this week, the agency formalized its intentions to dramatically boost that amount to 1,433 pounds in the...
By John Schroyer How much of an economic impact can a cannabis business have on a community? A new study offers a glimpse, estimating that a pair of retail marijuana stores in Denver under the same ownership will generate $30 million in economic output, pay $390,000...
The Massachusetts dispensary licensing process has evoked the ire of several applicants who feel that they were unjustly passed over for operating permits, and now a total of seven companies have sued the state over the issue.
Florida's medical marijuana ballot measure will create an overlooked business opportunity: paraphernalia sales. Currently, it’s illegal in Florida to sell pipes for smoking marijuana. But Amendment 2 - the measure to legalize MMJ - would approve the use of “related...
Washington State recreational marijuana shops have had it with the sky-high prices licensed growers are charging for cannabis. Six retail store owners in the state recently joined forces to form a "retail association" to battle what they say is price gouging by many...
Two Canadian cannabis cultivation companies saw their share prices soar on the first day of trading as investors look to capitalize on a booming industry. Bedrocan Cannabis Corp, which trades on the Toronto Stock Exchange under the symbol BED, rose as high as 1.45...
Taxing recreational marijuana sales is a tricky business, as a Denver judge pointed out in an initial ruling against activists who contend that having to pay taxes on a federally illegal substance is unconstitutional. The activists, represented by longtime cannabis...
By Paula B. Givens Most cannabis-related businesses do not have a transparent and ongoing relationship with a financial institution, reflecting the fact that banks are wary of servicing the marijuana industry. In recent months, though, a small number of financial...
The town of Port Angeles, Washington, has experienced a marijuana boom in 2014. But the growth is tied to the medical - not recreational - market. Three new medical marijuana dispensaries have opened up in the small burg (population: 20,000) on the North Olympic...
Just because Oregon is poised to legalize recreational marijuana in November doesn’t mean everyone in the state is crazy about cannabis. Several city council members in the town of Gold Hill are facing a recall election - all because they voted to allow a medical...
By Chris Walsh A medical marijuana drive fizzles out in Oklahoma, support for recreational cannabis legalization slips in Alaska and the second retail store finally opens in the Seattle area. Here's a closer look at several business-related developments in the...
