Sales, Funding & Banking News

Finance: Sales, Funding & Banking News

Dispensary Owners Face New Challenges as Bank Cuts Ties With MMCs

A major crisis is brewing in the Colorado medical marijuana industry, and some observers say it could eventually sink the entire industry. CSSB Private Bank in Colorado Springs – one of the only financial institutions in the region that actively targeted dispensaries for new accounts – has decided to cut ties with the medical marijuana […]

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Dispensary Owners, Beware: Big Pharma to Make Run at Medical Pot Business

Forget Colorado and California. The medical pot regulatory structure of the future will highly favor pharmaceutical firms and health professionals, who will use their political clout and business heft to win dispensary licenses and push out the little guys. This is the future of the industry as Robert Kane sees it. Kane is the founder […]

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Move to Tax, License Weed Dispensaries in Seattle Postive Sign for Industry

If you own a dispensary or hope to open one someday, you should pay particularly close attention to what’s going on in Seattle. It’s a sign of things to come for medical marijuana in other large cities. Seattle’s City Council passed a measure last night to license, regulate and tax medical pot shops. This is […]

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Compliance Costs for Pot Centers in Colorado: $30,000 and Up…Way Up

How much does it cost to comply with Colorado’s new medical marijuana regulations? Think $30,000 minimum and more than $100,000 on the high end, according to estimates provided by a handful of dispensary owners I’ve spoken to in recent weeks. The regulations, which went into effect July 1, cover everything from signage, sanitation and security […]

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Medical Marijuana Statistics Highlight Opportunities for Dispensaries, Weed Businesses

Earlier this year, the financial analysis company See Change Strategy made waves when it released the first comprehensive report on the medical marijuana industry, complete with market size and growth estimates. For most industries, this type of data is readily available from multiple sources. But that certainly isn’t the case for the medical marijuana sector, […]

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Lots of Interest Among Colorado Investors in Pot Dispensaries, Marijuana Businesses

A group of investors interested in the medical marijuana industry gathered in Denver yesterday for a meeting spearheaded by CDS Management Services, Vicente Consulting, Centennial Seeds and CSSB Private Bank. The turnout was strong, with several dozen people on hand in a conference room at the swanky Oxford Hotel. The level of participation in the […]

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Bills Add Up for Dispensary Owners With Medical Marijuana in Spotlight

We interviewed a dispensary owner in Denver last Friday for a future piece in our online publication and was shocked at the costs involved in this business. “I’m sitting here looking at a wall of bills right now, and I have about $70,000 due soon,” the owner said at one point during the interview. “Myself […]

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Anne Holland: No Babes-in-Bikinis … Just Medical Marijuana Business News

“If I see any more breasts, my eyes will start crossing,” I announced to our COO yesterday.  I was surfing medical marijuana-related sites as part of our prep to launch this blog and the experience felt sort of like Sports Illustrated swimsuit issue overload. It also amply illustrated why our new publications are needed.  Now […]

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