Sales, Funding & Banking News

Wall Street takes notice of marijuana: Q&A with cannabis analyst Vivien Azer

Omar Sacirbey  | February 21, 2017

By Omar Sacirbey

Vivien Azer, apparently the first cannabis analyst at a mainstream investment bank, is bullish on the marijuana industry.

And her confidence in the market is a significant reflection of how Wall Street views cannabis. Azer is an analyst at Cowen and Co., a New York investment bank founded in 1918.

Future of MJ + cannabis investing under Trump: Q&A with former DEA official Jodi Avergun

John Schroyer  | February 7, 2017

By John Schroyer

If anyone has a good handle on how federal narcotics prosecutions work, it's Jodi Avergun.

She once served as chief of staff for the U.S. Drug Enforcement Administration. And now, among her duties as a partner in a Washington DC law firm, she advises clients on whether to invest in cannabis.

Week in Review: Marijuana industry trademarks, cannabis banking & Oregon rec sales

John Schroyer  | January 27, 2017

By Omar Sacirbey, John Schroyer and Bart Schaneman 

A prominent marijuana pipe maker sues to defend its trademark, another state seeks Trump’s guidance on MJ banking, and adult-use cannabis sales continue to drop in Oregon.

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

Marijuana data firm announces $2.5 million capital raise

John Schroyer  | January 19, 2017

One of the cannabis industry’s leading sales data firms announced Wednesday it has secured $2.5 million in private funding to expand its product line.

Seattle-based Headset, which specializes in business intelligence for marijuana-related companies, revealed that it has partnered with Arizona-based Hypur Ventures, a venture capital fund, and Salveo Capital, an Illinois-based private …

Canadian consumer-oriented marijuana firm raises CA$3 million

Omar Sacirbey  | January 19, 2017

A Toronto-based cannabis, coffee and clothing business, Tokyo Smoke, secured 3 million in Canadian dollars ($2.25 million) from investors, claiming it’s the first marijuana-related consumer brand in Canada to raise capital.

The company, which describes itself as a premium cannabis-oriented lifestyle brand, said in a news release that the first-round raise was oversubscribed …

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 …