Sales, Funding & Banking News

State legislators to Congress: Let states regulate marijuana without interference

State legislators from across the nation are urging Congress to allow states to regulate cannabis without federal interference, according to lawmakers from Oregon who crafted the decree. The legislators also want Congress to help state-legal marijuana businesses access banking services. In a joint statement, the Oregon state senators said a directive they crafted was approved […]

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Colorado medical cannabis companies in patent dispute

A Colorado marijuana company is suing another firm in the state for patent infringement involving its cannabinoid-based medical product formula. United Cannabis Corp. (UCANN) of Golden filed the lawsuit in Denver U.S. District Court on Monday against Pure Hemp Collective of Conifer. The Denver Post reported the lawsuit seeks an injunction prohibiting Pure Hemp from […]

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Why financing is a key hurdle for California cannabis firms – and forcing some to the black market

California’s newly regulated marijuana market is the biggest in the world, but not everyone seeking to do business there can acquire the tools to even break in, let alone succeed. Many cannabis business owners are encountering a lack of funding opportunities, curbing their ability to thrive and forcing some to operate in the illicit market, […]

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Seattle-based GRN Funds to provide cannabis banking solutions in Florida

It looks as if Florida’s medical marijuana businesses may soon have a new banking option. Seattle-based GRN Funds is planning to provide banking services starting Aug. 16 to the Sunshine State’s medical marijuana treatment centers and ancillary marijuana businesses that successfully complete its application process, the investment bank’s CEO, Justin Costello, told Marijuana Business Daily. […]

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Cannabis boom or bust: How US firms could be affected by Canada’s adult-use market

It’s crunch time for Canada’s cannabis companies as they hustle to prepare for the October launch of the country’s legal recreational market. South of the border, everyone tied to the legal marijuana scene is watching closely to gauge whether this historic milestone might translate into an economic boom for U.S. firms as well. Tremendous opportunities […]

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