Sales, Funding & Banking News

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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Weekly Wrapup: Major Marijuana Financial News + 4 California Cannabis Dispensaries Approved

News that California-based Green Asset International will spend $100 million to acquire cannabis businesses sent the medical marijuana community into a tizzy last week. The firm – led by well-known cannabis advocate and fashion marketer Cheryl Shuman – will buy and invest in ancillary medical marijuana companies, primarily those in the medical and social media […]

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Green Asset International to Spend $100 Million Investing in Medical Marijuana Companies

A California-based company has set aside $100 million to purchase and invest in cannabis businesses as part of its bid to bolster the medical marijuana industry. Green Asset International Inc. said it plans to focus primarily on “cutting-edge” cannabis companies involved in the medical and social media sides of the business. The company’s investment plans […]

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