Marijuana Sales, Funding & Banking News

‘It’s confounding’: Former Nova Scotia premier wants Ottawa to fix cannabis banking problems

Former Nova Scotia Premier Darrell Dexter is calling on the federal government to address banking issues stymieing legal marijuana businesses across Canada. Almost one year into adult-use legalization, cannabis entrepreneurs and registered not-for-profit trade associations are accusing Canada’s banking sector of gouging and arbitrarily closing bank accounts – sometimes citing U.S. federal law that prohibits marijuana. […]

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Week in Review: Cannabis merger goes up in smoke, regulators target MJ vaping, Maine inches toward adult-use sales & more

MedMen and PharmaCann scrap their planned merger, state and federal officials act against marijuana vaping, Maine moves toward the launch of recreational MJ sales by the spring – and more of the week’s top cannabis business news.   MedMen, PharmaCann pull the plug MedMen, a California-based cannabis multistate operator, announced that its planned acquisition of […]

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After the SAFE vote in US House, here’s what you need to know about the current state of banking in the marijuana industry

The U.S. House of Representatives’ vote approving legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of reprisal is a milestone for the cannabis industry. Nevertheless, the 321-103 House vote is but another step on a long and often bumpy legal road toward changing how […]

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Week in Review: Momentous marijuana banking vote in US House, vape crisis fallout, MA approves MJ cafes/delivery & more

The U.S. House passes a cannabis banking bill with strong bipartisan support, Massachusetts is the first state to nix the sale of all tobacco and marijuana vaping products, a Washington state man sues half a dozen MJ vape companies for allegedly causing his lung illness – and more of the week’s top cannabis business news. […]

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Week in Review: Vape crisis continues, federal cannabis bill moves, Utah licenses & more

State regulators from across the country react to the vaping crisis, a federal marijuana banking bill sees movement, Utah ups its medical cannabis licensing opportunities – and more of the week’s top marijuana business news. States’ responses to vaping crisis State regulators nationwide have begun responding in earnest to the vaping illness epidemic, which now stands […]

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Week in Review: Cannabis vape crisis, CA banking bill fails, public corruption in MA & more

Sales fall for recreational marijuana vaping products as a health scare hits the mainstream media, a California marijuana banking bill dies but could return in 2020, a Massachusetts mayor is deposed for allegedly ripping off MJ firms – and more of the week’s top cannabis business news. Vaping crisis The pulmonary illness epidemic related to […]

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Medicine Man Technologies announces 11th cannabis buy

Denver-based Medicine Man Technologies on Thursday announced its 11th marijuana business acquisition of the year – a $5.1 million cash and stock deal for Canyon, an infused edibles manufacturer. Medicine Man Technologies will pay no more than $2.6 million in cash for the 10-year-old Canyon, which also is based in Denver. The number of shares paid […]

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Aurora Cannabis closes new loan deal worth as much as CA$200 million

Alberta-based Aurora Cannabis closed an expansion of a loan deal with three of Canada’s biggest banks, making it among the largest nonconvertible debt facilities in the marijuana industry to date, according to analysts. Aurora said it closed term loans worth an additional 160 million Canadian dollars ($120 million) with a syndicate of lenders led by […]

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