Ancillary Marijuana Companies News

Cannabis capital ‘rotating’ away from Canada to United States, analyst says

Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry. “Many investors we have spoken to have begun to rotate capital from Canada to the U.S. on the fear that Canadian players will be unable to capture growth […]

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Former US Rep. Rohrabacher joins cannabis firm BudTrader’s advisory board

Former U.S. Rep. Dana Rohrabacher, a Republican from California who lost his House seat to Democrat Harley Rouda in 2018, announced on Twitter that he has become a shareholder and advisory board member for BudTrader, an online advertising platform for marijuana products, services, jobs, equipment and more. I'm proud to announce I've joined https://t.co/ya09tKK9hc as a […]

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Marijuana group 4Front secures $50 million loan to help build facilities

Phoenix-based 4Front Holdings, a vertically integrated cannabis group, has secured a $50 million loan to help it build cultivation and production facilities connected with the company’s expected merger with Cannex Capital. The deal with Vancouver, British Columbia-based Cannex is awaiting final approval from U.S. antitrust authorities. The resulting combined entity is to be named 4Front […]

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US DOJ: Cannabis staffing firm employee cannot file for bankruptcy

The U.S. Justice Department said an Oregon woman who works for a marijuana staffing agency can’t use bankruptcy protection because of her firm’s cannabis ties. The Wall Street Journal reported the department’s decision is part of the DOJ’s larger policy to impose the federal marijuana ban on individuals whose income is connected to the cannabis […]

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Health Canada: No ‘advance notice’ for new infused marijuana products allowed

Companies hoping to bypass or shorten the “60-day rule” requirement to notify Canadian regulators of new cannabis products will be out of luck, according to the country’s regulatory body. That’s going to give businesses more time to build up inventory and establish sales infrastructure – heading off some of the bottlenecks and distribution problems Canada saw […]

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Multistate cannabis operator Vertical closes $58 million Series A funding round

Los Angeles-based Vertical Companies – a vertically integrated multistate cannabis firm – closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. The company originally targeted a $20 million funding but boosted that to $35 million in late 2018 because of investor demand. The $35 million […]

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