Marijuana Sales, Funding & Banking News

Chart: Cannabis investors shift from loan financing to equity investment

Cannabis investors are changing their investment strategy in a bid to capture higher returns, shifting away from extending loans to companies in favor of investing in their shares. As the perceived risk of investing in the cannabis industry recedes, investors see more upside from investing in cannabis companies’ stock and are less interested in loan […]

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Equity analysts join MJBizDaily to cover marijuana industry

Marijuana Business Daily hired two equity research analysts to expand its coverage for investors in the cannabis space. Craig Behnke and Mike Regan will develop and oversee content for MJBizDaily‘s Investor Intelligence product. Both analysts have extensive backgrounds in financial and investment analysis as well as modeling that will enhance the breadth and depth of coverage […]

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Canadian bank’s ‘unfair’ cannabis fees add to financial hurdles for lottery hopefuls

One of Canada’s top lenders is charging prospective cannabis business owners thousands of dollars for a routine review of financial documents, imposing an added cost on entrepreneurs who want to enter Ontario’s upcoming lottery for the right to open a marijuana retail store. The Bank of Montreal (BMO) is charging potential clients 3,000 Canadian dollars […]

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Week in Review: US Congress mulls milestone cannabis bills, on-premise MJ edibles moves in Alaska & more

A milestone U.S. marijuana reform bill is introduced in Congress, experts suggest cannabis banking changes at the federal level remain a long shot, Alaska’s capital city approves an ordinance permitting customers to consume cannabis edibles inside licensed retail establishments – and more of the week’s top marijuana business news. Key member of U.S. House introduces sweeping cannabis […]

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American public pension funds invest in cannabis through California-based REIT

More than a dozen public pension funds are investing in marijuana through a California real estate investment trust (REIT), a sign that institutional investors wielding billions of dollars in state funds are comfortable pumping money into the cannabis industry. The public pension funds for government employees represent a broad range of states – from California, […]

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Ionic Brands buys Zoots cannabis edibles firm for $11 million

Ionic Brands paid $11 million for longtime marijuana edibles maker Natural Extractions, which does business as Zoots Premium Cannabis Infused Edibles. As part of the stock and cash deal involving two Washington state companies, Zoots’ owners receive $855,000 in cash and more than 9.6 million shares in Ionic Brands, according to a news release. Ionic, with […]

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Ello Capital launches as marijuana-focused US investment bank

Los Angeles-based Ello Capital plans “one-stop” shopping as a marijuana-focused investment bank serving cannabis companies in the United States. The company said it is filling a need for an underserved clientele with few, if any, other cannabis-focused investment banks currently operating in the U.S. It’s more common for investment banking firms, such as U.S.-based Cowen […]

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Historic US Senate hearing eyes cannabis banking hurdles, but major reform seen as long shot

The GOP-controlled U.S. Senate will hold its first marijuana hearing Tuesday on the challenges that state-lawful marijuana companies confront when seeking banking services, but it’s unlikely the chamber would approve major reform anytime soon. “I remain pessimistic unless and until somebody signals to me that either Sen. (Mitch) McConnell, as the leader of the Senate, or his […]

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Deal Watch: Big players are behind marijuana M&A deals

Last week wasn’t the busiest for completed M&A deals in the cannabis industry, but some notable transactions were concluded – including one involving a well-established multistate operator (MSO) and another a relatively new but fast-emerging player on the scene.

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