Marijuana Stocks & Publicly Traded Cannabis Companies

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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Report: Investors in MJ Stocks Younger, Have Less Capital

Investors in marijuana stocks are younger and more likely to be from big states such as California and New York, but they tend to have less money to put into publicly traded companies, according to a report by stock tracker SigFig. Marijuana stock investors have, on average, less than $100,000 in liquid assets to invest […]

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Tesla Battery Could Help Cannabis Growers Cut Energy Use

Marijuana cultivators can possibly benefit from the recently released Tesla battery, which could help growers cut energy costs and save thousands of dollars in lost income in the event of a power outage. The Tesla battery – called the Powerwall – stores electricity generated from solar panels and when utility rates are low. It can […]

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