Omar Sacirbey

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Peru’s Congress approves medical cannabis law

Peru’s Congress overwhelmingly approved a medical marijuana bill that also has the support of President Pedro Pablo Kuczynski, putting the country in line to become the latest in Latin America to legalize some form of cannabis. The bill, approved Thursday, allows the...

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

By Omar Sacirbey

Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech firm, after the company’s board fired founder and CEO Isaac Dietrich.

The news already has triggered fallout for MassRoots: The Denver company’s planned $12 million acquisition of tech company CannaRegs has been scrapped.

Silicon Valley gets cannabis industry trade group

A pair of former San Jose city employees has launched the Silicon Valley Cannabis Alliance, a trade group that will serve marijuana businesses in Santa Clara, San Mateo and San Benito counties. The group also plans to have a political action committee that will raise...

New York medical cannabis sales are up but remain slow

New York’s five medical marijuana businesses generated only $16.6 million in gross sales between April 2016 and August 2017, but sales and patient numbers are improving. From April 2016 through March 2017, the companies generated sales of $8.4 million - about $700,000...

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