Marijuana Stocks & Publicly Traded Cannabis Companies

SEC Gives Green Light to Marijuana Company’s Stock Registration

The U.S. Securities and Exchange Commission has approved a share registration by a company that will engage in the cultivation and sale of marijuana, which could encourage other businesses that deal directly with cannabis to go public. It marks the first time the SEC has signed off on a share registration by a company that […]

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Surna Acquires Majority Stake in Agrisoft for $4 Million

Two notable names in the cannabis industry are teaming up. Surna Inc., a publicly traded firm listed on the over-the-counter markets, has signed an agreement to acquire a 66% stake of Agrisoft Development Group to add a technology firm to its portfolio. Agrisoft, a closely held company, develops seed-to-sale tracking systems for state-regulated cannabis cultivators […]

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Cannabis Sativa Adds Another Former Political Bigwig

Some say that business and politics don’t mix, but one cannabis company is betting they go together just fine. Cannabis Sativa – headed by former New Mexico Gov. Gary Johnson – announced that ex-Alaska Sen. Mike Gravel will head its subsidiary Kush, which develops infused products. Cannabis Sativa acquired Kush last summer. Gravel – a […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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$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 […]

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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 […]

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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 – […]

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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 […]

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