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Why cannabis banking reform alone won’t solve payment processing woes
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Worst-Case Scenario: How to Prepare for – and Weather – Financial Hardships
By John Schroyer Contrary to popular belief, not every business is thriving in the Green Rush. Some cannabis companies are teetering on the edge of insolvency – whether it’s from…
News October 15
Nearly $14K in Daily Revenues for Seattle Rec Shop
The Emerald City’s second recreational marijuana shop is rolling in the green. Uncle Ike’s, which opened on Sept. 30, averaged $13,736 in sales per day in its first week of…
News October 15Company Hopes to Launch ‘Full-Service’ Cannabis Bank
Marijuana companies in Colorado could eventually have their very own bank if a publicly traded company has its way. The consulting firm Advanced Cannabis Solutions has filed a letter of…
News October 14Massachusetts Dispensaries Play Waiting Game
Hurry up and wait. That’s the situation Massachusetts medical marijuana dispensaries find themselves in as they work through the licensing process. State inspectors are still conducting site visits for the…
News October 14
Controversy Over Proposed MMJ Business Fees in Maryland
Will the cost of doing business in Maryland turn away medical marijuana entrepreneurs and disenfranchise 45,000 potential patients? That’s the concern of many MMJ advocates after a state commission suggested…
News October 13Colorado Marijuana Sales Balloon 11% in August
Marijuana sales in Colorado are hitting new highs. Both recreational and medical cannabis revenues jumped 11% in August, according to the latest numbers released by the state. Cannabis consumers spent…
News October 13
Insights Into the Cannabusiness Banking Situation: Q&A With Attorney Ned Frisius
By John Schroyer If you run a marijuana-related company, chances are you’ve experienced some difficulties opening – and keeping – a bank account. Finding a financial institution willing to work…
News October 13Investing 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…
News October 13
Colorado Candidate Suggests Repeal of Amendment 64
Colorado Republican gubernatorial candidate Bob Beauprez (pictured) suggested during a debate Thursday evening that voters should be asked to repeal recreational marijuana. That assertion drew a swift condemnation from the…
News October 10
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