Sales, Funding & Banking News

Weekly Wrapup: Crackdown in Colorado + Dispensaries to Launch in Arizona

Two very different developments emerged in the MMJ industry at the end of last week, one immensely negative and one immensely positive for medical cannabis. First, the bad news: The federal government shifted the focus of its crackdown from the West Coast to Colorado, demanding that nearly two dozen dispensaries within 1,000 feet of schools […]

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Despite Industry Uncertainty, Cannabis Science Poised for Rapid Growth

The future looks bright for Cannabis Science, a California-based company that develops marijuana-based medicine. The firm issued strong financial guidance for 2012 and beyond, saying it expects to generate $6.8 million in revenues this year and as much as $65.7 billion in 2014. Officials said the revenues in 2014 would amount to earnings of two […]

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Big Money at Play in MMJ: WeedMaps Buys Marijuana.com for $4.20 Million

Earlier this week, a well-known MMJ company made a blockbuster acquisition, as least for the medical pot space. WeedMaps Media – which operates a a popular site for dispensary listings and reviews  – acquired Marijuana.com, giving it a premier domain name that is a powerhouse when it comes to search engine rankings. Although terms of […]

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Robert Kane: Integrity Needed to Make 2012 Great Year for Medical Cannabis

By Robert Kane With January on the horizon, the year of the Water Dragon is almost upon us, according to the Chinese astrological calendar. It’s supposed to be a year brimming with possibilities and the potential for good fortune – but also one defined by unpredictability and a great deal of change. And that’s exactly […]

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Marijuana Initiative in Washington State to Get $300,000 Boost

On Tuesday, we provided an update on the drive to legalize marijuana for recreational use in Colorado, reporting that pot proponents are well on their way to getting the required number of valid signatures to put the initiative to a vote. But the Centennial State isn’t the only one having success in this area. A […]

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MMJ Tax Hike Needed in San Jose to Fund Referendum, Mayor Says

Dispensary owners in San Jose, Calif., recently banded together to fight tough new medical pot regulations in the city, hoping to force a referendum on the issue. Little did they know it might cost them dearly from a financial perspective. The owners, who formed a group called Citizens Coalition for Patient Care, collected and submitted […]

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10 Colorado Towns to Vote on Dispensary Bans, Medical Marijuana Taxes

Tomorrow is a big day for medical marijuana supporters in Colorado, with nearly a dozen cities voting to either ban dispensaries or tax the industry. The cities considering bans include Fort Collins – a college town an hour north of Denver with about two dozen marijuana dispensaries – and the skiing hamlet of Steamboat Springs. […]

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Michigan City Refunding MMC Application Fees After Court Ruling Against Medical Pot

Michigan’s once-thriving medical marijuana industry is now a shell of its former self, the result of a recent court ruling that essentially makes it illegal to sell pot from storefront dispensaries. Hundreds of medical weed shops have closed in the past few weeks, and the dozens still operating risk raids and criminal prosecution. Pot supporters […]

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Payroll, Taxes Major Headache For Dispensaries

Fox Business News recently aired a story about the problems marijuana dispensaries encounter when trying to open – and keep – bank accounts. It’s perhaps the biggest issue in the industry today, aside from the fact that there’s a confusing patchwork of ever-changing laws that vary by city. The banking industry, spooked by recent warnings […]

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When Buying a Dispensary Beware of Misleading Numbers, Cooked Books

Thinking about buying a medical marijuana dispensary? Be careful, as there are many pitfalls and complications that can trip you up, according to one expert who has spoken with dozens of dispensary owners and managers over the past few years. Dr. Sean Breem – who runs Medical Cannabis of Southern California, which helps patients get […]

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