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Dispensary Raids, Warning Letters Stoke Fears of Renewed Crackdown on Cannabis Businesses
The headlines coming out of California and Washington state over the past few weeks conjure up memories of last spring, when the medical marijuana industry was under assault on many…
News May 8
Fallout From CA Ruling: More Dispensary Bans, Uncertainty…and Pressure for Statewide Regs
The California Supreme Court’s landmark ruling yesterday allowing cities to outlaw cannabis dispensaries leaves the local medical marijuana industry in disarray, ensuring that a confusing patchwork of bans continues to…
News May 7
Weekly Wrapup: Medical Cannabis Funding Climate Improving Amid New Deals, Developments
The medical marijuana industry may have finally turned a corner on the financing front, as evidenced by two important developments last week: #1. Five ancillary cannabis companies received a combined…
News May 6
Medical Marijuana Inc. on the Defensive After Outside Criticism Sets Shareholders on Edge
One of the more prominent publicly traded cannabis companies has come under fire recently in blogs and stock message boards for its financial accounting methods and other issues, spooking investors…
News May 3
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 2
Massachusetts 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 1
Private 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 30
Weekly 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 29
83% 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 26
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