Marijuana Stocks & Publicly Traded Cannabis Companies

Week in Review: Ruling on Delivery App, Boost for MMJ Stocks + MA Businesses Gearing Up

By John Schroyer and Tony C. Dreibus A smartphone app that facilitates medical marijuana deliveries is ordered to cease operations in Los Angeles, two publicly traded companies help build credibility for cannabis stocks, and Massachusetts MMJ businesses move forward in the face of regulatory uncertainty. Here’s a closer look at some notable developments in the […]

Read More

GW Pharmaceuticals Added to Nasdaq Biotech Index

GW Pharmaceuticals, a United Kingdom-based company that develops CBD-rich treatments, has been added to the Nasdaq Biotechnology Index (NBI). The NBI tracks the performance of a set of securities traded on the exchange that are classified as biotech or pharmaceutical companies. GW Pharmaceuticals is the developer of Sativex, a cannabis-based drug that is approved in […]

Read More

Terra Tech’s SEC Approval Good News for MJ Industry

A recent move by the Securities and Exchange Commission could fuel investor interest in marijuana stocks and encourage dispensaries, cultivation businesses and edibles producers to go public. The SEC last week granted Terra Tech Corp., which trades on the over-the-counter markets, approval to use the $6.8 million it raised in 2014 to launch dispensaries under […]

Read More

PharmaCan IPO Indication of Interest in Canadian MMJ

Canadian medical marijuana holding and investing company PharmaCan Capital is scheduled to go public next week, highlighting investor interest in a market expected to hit C$1.3 billion (US$1.12 billion) in sales in the coming years. The company – which has a stake in eight medical marijuana producers, including five licensed by Health Canada – will […]

Read More

1st MMJ Company in Australia to Go Public

Australia is about the get its first publicly traded cannabis company. Phytotech, a medical marijuana business based in the city of Perth in Western Australia, is moving forward with an initial public offering. The company wants to sell medical cannabis in several other countries and develop a disposable device to inhale marijuana. It is seeking […]

Read More

$20M to Start an MMJ Business in New York?

Medical marijuana in New York might prove to be a pretty wealthy club. Startup costs to open a dispensary and grow could run over $20 million, according to a recent report by The New York Times. And it might take upwards of $1 million just to navigate through the application process, estimated one cannabis lobbyist […]

Read More

CO Company Sues Shareholder Over Trading Halt

A publicly traded cannabis company has filed suit against a major shareholder, alleging he caused the Securities and Exchange Commission to temporarily halt trading of the firm’s stock earlier this year. Colorado Springs-based Advanced Cannabis Solutions contends that Stephen Calandrella, president of The Rockies Fund Inc., failed to follow the necessary steps under federal securities […]

Read More

Russian Cannabis Firm Buys Ebola.com for $200K

This may be the strangest marijuana-related story you read all week. A Russian cannabis company has paid more than $200,000 for the rights to Ebola.com, according to Time Magazine. The company, Weed Growth Fund, threw down $50,000 in cash and nearly 20,000 shares of stock in a different marijuana company – Nevada-based Cannabis Sativa – […]

Read More

Investing in Canadian MMJ Companies Could Carry Legal Risks

American investors who funnel money into Canadian medical marijuana companies could run into legal issues with the United States government. In a recent report by Reuters, several experts warned that investing in Canadian businesses that grow and sell marijuana could be seen as a violation of money laundering and drug trafficking laws. A spokesman for […]

Read More

5 Tips From the Trenches for Pitching Your Cannabis Business to Investors

By John Schroyer Investment money is finally flowing into the cannabis industry as the business risks subside and marijuana goes mainstream. Scores of deep-pocketed investors are actively seeking opportunities to fund everything from dispensaries and grow operations to ancillary businesses that don’t directly handle marijuana. “It’s like the perfect time to be raising capital,

Read More

Edibles Company Seeks $5M in Private Stock Offering for Expansion

Infused products manufacturer G FarmaLabs is looking to raise $5 million though a private stock offering to expand its presence in California and pave the way for national growth. The company plans to sell up to 2 million shares of common stock – at $2.50 each – to qualified investors in California, according to a […]

Read More

Consultant Company Pursues IPO-Friendly Restructure

Mjardin Management isn’t exactly an original idea, given that it’s a consulting and management company with a focus on the “cultivation and sale of premium cannabis.” But its restructuring plan demonstrates the company’s ambition. According to The New York Times, Mjardin plans to announce on Wednesday that it has reorganized the firm, with the main […]

Read More