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Oregon Marijuana Banking Bill Heading to Governor’s Desk

A marijuana banking bill is heading to the desk of Oregon Gov. Kate Brown after sailing through the state legislature last month. The bill, HB 4094, exempts financial institutions from…

News March 3

Report: VC Investments in Cannabis Companies Hit $215M

Marijuana businesses landed $215 million in venture capital investments last year, more than double the $97 million they secured in 2014, according to a new report from CB Insights. The 2015…

News March 3

Detroit Medical Marijuana Dispensaries Might Get Crucial Lifeline

By John Schroyer Update: A Detroit city councilman has reportedly declared the petition to force a vote on the zoning ordinance to be invalid, based on an analysis by the…

News March 3

Hemp Cultivation Programs Get Green Light in MN, WA

Two states have gotten the green light to move forward with limited industrial hemp programs, which could pave the way for future businesses opportunities. The U.S. Drug Enforcement Administration has issued…

News March 2

Maine rec initiative fails to qualify for ballot

Maine voters might not get the chance to legalize recreational cannabis this November. The Campaign to Regulate Marijuana Like Alcohol collected more than 103,000 signatures, much more than the 61,123 needed…

News March 2

Polls: Majority support for cannabis in FL, NH, Canada

A recent trio of polls suggest that attitudes toward cannabis reform continue to spread, with support for marijuana legalization evident in Florida, New Hampshire and Canada. In Florida, 65% of…

News March 2
recreational marijuana

Massachusetts MMJ bottleneck moves from state to local level

By Omar Sacirbey The opening of two new dispensaries in Massachusetts since the start of the year has buoyed hopes that the state’s medical cannabis industry has moved past a serious bottleneck…

News March 2

Illinois MMJ Sales Still on the Rise

Illinois’ fledgling medical marijuana industry saw another uptick in monthly sales in February, indicating continued growth in the highly restrictive market. According to state-reported numbers, dispensaries sold $1.47 million worth…

News March 1

Australian Medical Cannabis Firm Raises $3.59 Million

An Australian medical cannabis company has raised $3.59 million ($5 million Australian) in an institutional placement, according to Business News of Australia. The company – MMJ Phytotech, which develops medical…

News March 1
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