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The cannabis CEO behind a $2.1 billion sale bets again, but smaller
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Hemp State Highlight: Oregon positioned for national dominance with tested products
By Kristen Nichols When it comes to hemp, Oregon is no little brother to its more populous neighbors to the north and south. Washington state bans hemp production for high-value…
News November 1
Poseidon aims to raise up to $150M for new cannabis fund
Poseidon Asset Management - a San Francisco-based investment company focused on the cannabis industry - has launched a second fund with the goal of raising $100 million to $150 million…
News October 31Weedmaps’ marijuana billboards under fire in Arizona
An anti-marijuana organization in Arizona has asked the state’s attorney general to investigate cannabis tech company Weedmaps for false advertising. According to Phoenix New Times, Arizonans for Responsible Drug Policy (ARDP)…
News October 31Tribe sues DEA, California county for removal of 26-acre hemp crop
A Native American tribe based in Nevada is suing the U.S. Drug Enforcement Administration over the seizure of a 26-acre hemp crop growing in California. The Winnemucca Indian Colony of…
News October 31Lawsuits challenge Arkansas’ medical cannabis licensing process
Some medical marijuana business license applicants in Arkansas have filed anonymous lawsuits charging that regulators wrongly rejected their applications and are seeking a temporary restraining order to force the state…
News October 31Quebec’s Hydropothecary inks agreement to raise CA$60M
Hydropothecary Corp. reached a deal to raise at least 60 million Canadian dollars ($50 million) that it plans to put toward working capital and general corporate purposes. Under the so-called bought…
News October 31Oregon agency to get first cannabis business representative
The state agency that regulates Oregon’s cannabis sector could have its first representative with experience in the marijuana industry. According to Willamette Week, Gov. Kate Brown appointed Matt Maletis to the…
News October 31
Public banks offer hope for marijuana businesses, but will they arrive in time?
By Omar Sacirbey With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among…
News October 31
Constellation’s purchase of Canopy stake is ‘transformative,’ portends further investments
By Matt Lamers In buying a chunk of the world’s largest medical cannabis company, global alcohol giant Constellation Brands substantiated the marijuana industry as both a threat and opportunity for…
News October 30
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