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Angel Investors to Pump $1 Million into 5 Cannabis Startups as Marijuana Investment Activity Picks Up
Five startup cannabis firms have received commitments for a combined $1 million in financing from angel investors, providing yet another indication that the investment climate is improving as marijuana gains…
News May 2Massachusetts Marijuana Advocates Decry ‘Nasty’ Bill That Would Severely Limit State’s MMJ Program
Massachusetts lawmakers are set to begin debating a bill that would cap the number of dispensaries in the state to just 10, set a nonrefundable application fee of at least…
News May 1Private Equity Firm Offering $250 Million in Cash Advances to Marijuana Businesses
By Anne Holland [Updated 5/2/13] Another crack has appeared in the wall of financial services firms refusing to do business with the cannabis industry. A financial firm based in Delaware…
News April 30Weekly Wrapup: MMJ Dispensary Progress Hits ‘Yellow Lights’ in CA, MD, IL and CT
In the week after federal authorities moved against all 63 marijuana retailers in Santa Ana CA, politicians across the US struggled to define local MMJ regulations in the hopes of…
News April 2983% of Existing Medical Marijuana Businesses Were Funded by Founders’ Own Wallets
By Anne Holland As new-to-dispensaries states such as Massachusetts and Connecticut propose requiring dispensary founders to fund huge escrow accounts ($500k for MA and $2 million for CT), in addition…
News April 26Exclusive: Cannabis Clone Business Data & Insights from a Top CA Nursery
By Anne Holland A top executive from Dark Heart Nursery, one of the largest medical cannabis clone nurseries in the San Francisco Bay Area, has revealed strain sales data and…
News April 25AZ’s MMJ Dispensary Revenues Projected to Reach $440 Million by 2016
By Anne Holland According to an economic impact study of the nascent AZ MMJ dispensary industry, retail sales of medical cannabis in the state could grow to as much as $440…
News April 24Cannabinoid Research Firm Cannabis Science, Inc. Could Go Under
By Anne Holland [Updated as of 4/25/12] According to its annual 2012 report filed today, Cannabis Science, Inc. (PINK:CBIS), may be in danger of shutting its doors. The company’s Form…
News April 23Two More Massachusetts Towns Considering Cannabis Dispensary Moratoriums as DPH Regulations Are Readied
By Anne Holland The Massachusetts towns of Natick (pop. 33k) and Marlborough (pop. 38k) are both considering joining several other cities in implementing moratoriums or outright bans on cannabis dispensaries.…
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