The Trump administration hints at possible enforcement on recreational cannabis businesses, thousands of Northern California cultivation jobs are in jeopardy, and a new marijuana investment fund is in the works.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
Investors can now buy and sell WEED on the Toronto Stock Exchange after Canopy Growth Corp., a major federally licensed cannabis cultivator in Smith Falls, Ontario, changed its ticker symbol to the new, slangy version.
The move comes after the company made history last summer when it became the first marijuana cultivator
MassRoots, the popular social network for cannabis enthusiasts, said it has received more than $2 million in cash from the exercise of warrants so far in 2017, providing additional financial stability to the once-wobbly Denver company.
“This capital infusion will help us continue building momentum with the success we are having within the rapidly …
Innovative Industrial Properties, a cannabis-focused real estate investment trust, said it won preliminary approval to list its shares on the New York Stock Exchange, which would make it the first marijuana-related company to secure a Big Board listing.
Colorado-based Helix TCS, which has been expanding its holdings in the marijuana trade, announced Monday it has become the largest shareholder in Florida-based BioTrackTHC, a longtime manufacturer and supplier of seed-to-sale cannabis tracking software.
Specific terms of the deal were not disclosed.
Helix and its capital partner, Rose Capital Advisors of Miami Beach, agreed to …