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Forget the DEA and DOJ: When cannabis legalization happens, these are the feds to worry about
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US cannabis listings in Canada rise as investor interest spikes
A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United…
News September 7
MedMen inks CA$75M equity financing deal to expand US cannabis operations
Los Angeles-based MedMen Enterprises says it expects to raise up to 75 million Canadian dollars ($57 million) in a bought-deal equity financing plan, with the proceeds to be used to…
News September 7
Week in Review: Long wait for Oregon rec cannabis permits, OK docs told no MMJ & New Jersey deluged by applicants
New recreational cannabis applicants in Oregon have to wait at least a year for a license, many Oklahoma doctors are told not to recommend medical marijuana, and New Jersey receives…
News September 7
California marijuana company Canndescent closes $13 million funding round
California marijuana cultivator Canndescent announced Thursday that it has closed a $13 million Series C Convertible funding round to help finance the company’s expansion into new state markets. The company…
News September 6
SEC sues cannabis investment fund, warns investors about MJ industry ‘scam artists’
The U.S. Securities and Exchange Commission charged a marijuana-focused investment fund with bilking investors out of more than $3 million and simultaneously warned the public about “scam artists” exploiting “hot” industries such…
News September 6
Ontario signs up first marijuana accessories suppliers
The Ontario Cannabis Store - the province's government-operated wholesaler and online retailer - inked deals with 10 accessories suppliers to provide products to offer alongside recreational marijuana when sales begin…
News September 6
New Jersey flooded with applications for six medical marijuana licenses
New Jersey received 146 applications for six new medical marijuana licenses, an expansion that will double the number of MMJ businesses in a rapidly growing market. Applicants had to identify the…
News September 6
Judge: Oregon county’s lawsuit against state cannabis law should be dismissed
A federal lawsuit filed by a southern Oregon county with a large number of cannabis growers looks likely to fail after a magistrate judge recommended the case be tossed out.…
News September 6
Number of cannabis racketeering suits increases, posing financial threat to targeted firms
Federal civil racketeering lawsuits are proliferating against marijuana businesses, forcing companies to sometimes spend tens of thousands of dollars to cover legal costs. Experts are divided about the risk the…
News September 6
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