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Multi-Million Dollar Cannabis Venture Capital Fund in Works, Plans to Target Ancillary Marijuana Startups
A California venture capital firm led by noted MMJ pioneer Justin Hartfield – who co-founded WeedMaps.com – has launched a new investment fund that aims to pump millions of dollars…
News June 6
Medical Cannabis Dispensaries Losing Bank Accounts Over Large, Frequent Cash Deposits
An increasing number of medical cannabis dispensaries are losing their coveted bank accounts simply because they’re depositing too much cash, too frequently. The development presents yet another major challenge to…
News June 5
MMJ Momentum Continues as Nevada, New York Medical Cannabis Bills Advance
Lawmakers in Nevada and New York advanced key medical marijuana legislation on Monday, raising hopes that dispensaries will be able to open in both states and setting the stage for…
News June 4
Week in Review: Bill to Stop IRS Assault on MMJ Faces Long Odds + Skepticism Over Cannabis Plans
Last week, Medical Marijuana Business Daily wrote about how a federal lawmaker is planning to introduce legislation that would prevent the Internal Revenue Service from making life exceedingly difficult for…
News June 3
Micah Johnson: Colorado, Washington Medical Marijuana Businesses Face Marketing Conundrum
By Micah Johnson When the smoke finally cleared in Colorado following the raucous events of April 20, the giant elephant in the corner could no longer go unaddressed: Cannabis is…
News May 31
Former Microsoft Exec’s Plan to Create Major National Cannabis Brand Faces Many Hurdles
Jamen Shively has generated a lot of buzz lately. After revealing plans late last year to launch a high-end marijuana business in Washington State for discerning smokers, the former Microsoft…
News May 31
Federal Lawmaker to Introduce Bill Tackling Top Problem for Medical Marijuana Industry: Taxes
US Congressman Earl Blumenauer is emerging as one of the biggest marijuana supporters in the halls of power, championing various initiatives recently that would help the cannabis cause. Now he’s…
News May 30
Moratoriums, Bans Could Dampen Recreational Marijuana Business Opportunities in Colorado
This week was a historic one in Colorado on the marijuana front, with Gov. John Hickenlooper officially signing laws regulating the production and sale of marijuana for adult use. But…
News May 29
Quarterly Financial Reports Highlight Challenges Facing Publicly Traded Medical Cannabis Companies
Medical marijuana sales are expected to grow by 15% this year to hit $1.5 billion, dispensaries are launching in several new markets across the country and retail cannabis stores are…
News May 28
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