Sales, Funding & Banking News

Weekly Wrapup: Avalanche of Colorado Cannabis News + Medical Marijuana Patient Survey

Colorado found itself in the marijuana spotlight multiple times last week, with several announcements and developments having a bearing on the state’s medical cannabis industry: – On Thursday, Gov. John Hickenlooper officially came out against Amendment 64, the ballot proposal calling for the legalization of marijuana for adults 21 and older. The University of Colorado […]

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Highlights of Marijuana Industry Study on Impact of Medical Cannabis in Colorado Cities

The Colorado medical marijuana industry has generated more than $181 million in revenues since 2010 and last year employed 4,200 state-licensed workers. The amount of money Denver collected from the cannabis industry in 2011 was nearly enough to cover the city’s Parks and Recreation Administration budget. And MMJ businesses account for roughly 10% of all […]

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New Speaker for National Marijuana Business Conference: Cannabis Industry Tax Expert Henry G. Wykowski

Henry Wykowski, a San Francisco-based attorney regarded as a leading authority on tax issues in the medical cannabis industry, has agreed to speak at the National Marijuana Business Conference. In practice for more than three decades, he has represented numerous dispensaries on tax and litigation matters and was involved in the landmark case of Californians […]

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Exclusive: Medical Marijuana Dispensaries No Longer Able to Accept Visa, MasterCard as of July 1

The main national company handling payment processing services for the medical marijuana industry will no longer accept Visa and MasterCard transactions from dispensaries, according to information obtained by MMJ Business Daily. Electronic Merchant Systems (EMS) – which provides merchant accounts for medical marijuana companies via a partnership with Chesapeake Bank in Virginia – informed its […]

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Khurshid Khoja: JOBS Act Could Bolster Ancillary MMJ Businesses While Customer Base Recovers

By Khurshid Khoja This is the first column in a two-part series As the ongoing federal crackdown of dispensaries and cultivators erodes the medical cannabis industry’s base, the impacts have rippled throughout the industry. Ancillary companies — such as agricultural supply firms, human resource institutes, technology providers and other businesses providing legal goods and services […]

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