Casa Verde Capital, a California-based marijuana investment fund launched by rapper Snoop Dogg, finalized a $100 million raise.
John Schroyer
John Schroyer's Latest Posts
Nearly 60 Los Angeles cannabis businesses poised to lose licenses on New Year’s Day
At least 57 licensed cannabis companies in Los Angeles are poised to see their business permits yanked by city authorities at the end of the year - with no obvious way to get the licenses reinstated. The licensees in question - which appear to be a mixture of...
Schwazze acquires six Colorado cannabis stores for $37 million
Schwazze, a Denver-based cannabis company, on Monday said it acquired six retail outlets from Colorado competitor Star Buds in a cash and stock deal worth $37.1 million. The deal announced Monday was a partial step toward completing a $118 million acquisition of all...
Senate approves marijuana research bill similar to House measure
A bipartisan bill in the U.S. Senate to expand marijuana and CBD research was approved by the upper chamber on a unanimous voice vote, less than a week after the House of Representatives passed its own MJ research legislation. The question now...
New California cannabis health-warning label requirement could trigger swell of industry lawsuits
Health warning labels will be required for all cannabis products sold in California starting Jan. 3, a mandate that will likely create a wave of new product-liability lawsuits targeting marijuana and hemp companies, industry attorneys predicted.
University of Mississippi’s federal pact for cannabis R&D to be renewed
The National Institute on Drug Abuse (NIDA) said it again intends to award a federal contract to the University of Mississippi to grow cannabis for federal research purposes. To date, the university has been the only institution granted such permission. [include_post...
How passage of the SAFE Banking Act could impact cannabis businesses
The SAFE Banking Act is nearing the finish line in the U.S. Congress, and many expect it to become law sometime in the near future. The main question is when.
Weedmaps investor document notes federal probe into cannabis businesses is ‘unresolved’
In an investor presentation filed this week with U.S. securities regulators, the parent company of Weedmaps disclosed that a federal investigation into the marijuana industry that involves the cannabis advertising giant remains "unresolved." The disclosure raises...
Still struggling after looting that hit marijuana firms, iconic California business turns to fellow company
The lootings and robberies that inflicted millions of dollars in damage on marijuana companies nationwide in May and June might have been the last straw for a storied cannabis business in Oakland, California. Magnolia Wellness, an 11-year staple of the California...
Cannabis advertising platform Weedmaps going public with $1.5 billion valuation
Weedmaps, the oft-controversial but ever-successful cannabis advertising giant, is going public through a deal that values the company produced through the transaction at a whopping $1.5 billion. According to a news release, the website's owners, WM Holding Co., will...
Medical cannabis edibles production set to launch in Missouri
One of the newest medical cannabis markets to launch – Missouri – has yet to see dispensaries stock their shelves with edibles, but that will change in a matter of weeks when the state’s first licensed edibles maker begins production.
California’s first cannabis czar reflects on her time at the helm as she steps down
In early 2016, Lori Ajax accepted the job of running the first-ever California agency dedicated to overseeing the state's sprawling legal marijuana industry. Since then, Ajax has broken considerable new ground as the chief of the state's Bureau of Cannabis Control...
