Marijuana Stocks & Public Companies

Oakland Dispensary Shares To Be Publicly Traded

By Omar Sacirbey

Following a brutal 2015 for marijuana stocks, the cannabis investment sector has something to smile about to start the new year. The stock markets will soon welcome a U.S. dispensary to the ranks of the publicly traded: Black Oak Gallery, better known as Blüm Oakland.

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Chart of the Week: Cannabis Stocks End 2015 With Bumps, Bruises

By Becky Olson Last year was a tumultuous one for cannabis stocks, further deterring institutional investors from getting involved in a notoriously high-risk sector. A sampling of 12 stocks analyzed by Marijuana Business Daily started the year off strong, collectively rising about 27% during the first few weeks of 2015.

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Medicine Man Technologies Nears Stock Listing

Medicine Man Technologies, a Colorado-based cannabis consulting firm tied to the family behind two high-profile marijuana stores, received clearance from the Financial Industry Regulatory Authority on Tuesday to become a publicly traded company. Its shares will trade on the over-the-counter markets, possibly as soon as mid-January, according to company founder and chief operating officer Brett Roper. […]

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Founder of Prominent Cannabis Lab Forced Out

Genifer Murray, a longtime staple of Colorado’s marijuana industry, was recently forced out of her position as CEO and director of CannLabs, a company she founded in 2010. According to filings with the U.S. Securities and Exchange Commission, there was an acrimonious split between Murray and the board of directors. CannLabs, a publicly traded company, said […]

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Marijuana Social Networking Site Applies for Nasdaq Listing

In another sign that the cannabis industry is moving towards the mainstream, the popular marijuana-focused social networking site MassRoots announced on Monday that it has applied for its stock to be listed on the Nasdaq. If approved, it would become the first marijuana-related technology company to trade on the Nasdaq Capital Market and could pave […]

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Chart of the Week: Marijuana Stock Volatility Underscores Uncertainty, Industry’s Challenges

By Becky Olson Marijuana stocks are a wild bunch. One moment they’re soaring to the stratosphere, the next they’re plummeting back to earth and on life support…then they’re hitting new highs again. The volatility highlights uncertainty about the industry’s future and publicly traded cannabis companies in general, as well as the fact that most cannabis-related […]

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Hemp, CBD Firm Lands $6.5M in Financing From Institutional Investor

CannaVest Corp. said it has closed a $6.5 million round of financing with an unnamed institutional investor, representing one of the larger investment deals in the marijuana industry in recent months. The Las Vegas-based producer and distributor of hemp, cannabis derivative and cannabidiol products will receive the money in six installments: four of $500,000 each, […]

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Week in Review: Final Conference News, Symbolic MMJ Victory in TX + MA Licensing Overhaul

By John Schroyer, Becky Olson and Tony C. Dreibus Final highlights from the Spring Marijuana Business Conference and Expo, the Texas Legislature passes a (possibly entirely) symbolic victory for medical cannabis advocates, and Massachusetts, embattled by licensing lawsuits, announces big changes in its MMJ licensing application process. Here’s a closer look at notable developments in […]

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Large Banks Say Cannabis Business Risks Still Outweigh Benefits

The nation’s largest banks aren’t willing to work with cannabis businesses because the risks of working with a product that’s federally prohibited outweigh any benefits, executives with the financial institutions told Bloomberg. Citigroup, JPMorgan Chase, KeyCorp and Wells Fargo all said they won’t consider working with marijuana companies because it’s still federally illegal despite the […]

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