Hertzberg Legislation to Establish Banking for the Cannabis Industry Passes First Committee

PRESS RELEASE The bill moves on to face a vote in the Senate Governance and Finance Committee next week. April 18, 2018 SACRAMENTO – Sen. Bob Hertzberg, D-Van Nuys, today announced that his legislation to help financial institutions safely conduct transactions with licensed cannabis businesses has cleared its first hearing […]

Investing in the Cannabis Industry…Buyer Beware

Investor interest in the cannabis industry continues to climb as the marijuana movement goes mainstream, but cannabis-related securities remain incredibly risky in light of federal prohibition. Under the Federal Securities Act, an individual or business entity must register with the Securities Exchange Commission prior to offering securities for sale in […]

MPX Signs Definitive Agreement to Expand Its Footprint in Arizona

PRESS RELEASE TORONTO, March 05, 2018 (GLOBE NEWSWIRE) — MPX Bioceutical Corporation (“MPX” or the “Company”) (CSE:MPX) (OTC:MPXEF) is pleased to announce that the Company, through its wholly-owned U.S. subsidiary CGX Life Sciences Inc. (“CGX”), has entered into a definitive limited liability membership interest and asset purchase agreement, dated and […]

Senate Could Vote To Let Marijuana Businesses Use Banks This Week

A bipartisan group of senators is stepping up the push to let marijuana businesses store their profits in banks, with a possible vote coming as soon as this week. Under the current federal prohibition of cannabis, many banks refuse to do businesses with marijuana growers, processors and sellers that operate […]

A Cannabis Company Is Set To List On NASDAQ For The First Time

A major Canadian licensed weed producer has obtained approval from the Securities and Exchange Commission to begin trading on the NASDAQ — it will be the first marijuana company to be listed on a U.S. stock exchange. Cronos Group, which is already listed on the Toronto Stock Exchange is expected […]

California Dreamin’: A Public Cannabis Bank Isn’t A Real Solution

Ultimately, a public bank of any kind is a red herring for the cannabis industry. It seems like every state in its own way has tried to grapple with a state-legislated solution to the notorious banking issue across the cannabis industry. And now California is going to study its own […]

Tilray® Announces Completion of Series A Funding Round Led by Global Institutional Investors

PRESS RELEASE  C$60 million Series A financing will enable Tilray to increase production capacity and expand distribution in North America and Europe  TORONTO – Tilray, a global pioneer in medical cannabis research, cultivation, processing and distribution, today announced the completion of its Series A funding round totaling C$60 million. The […]

Willie Nelson’s Pot Brand Raises $12 Million to Fund Expansion

Celebrities who flaunted their pot smoking for decades when it was taboo are now cashing in on the legal cannabis boom. GCH Inc., a Colorado firm that markets country music legend Willie Nelson’s brand of weed, said on Wednesday that it has raised $12 million to expand beyond its current […]

Wholesale Marijuana Software Platform Raises $10 Million Without Touching Cannabis

LeafLink, a software platform that hosts marijuana sales but does not handle product or make deliveries, is expanding to nine new states and gearing up for adult-use marijuana in California on January 1, 2018. LeafLink, an online wholesale marketplace that connects cannabis dispensaries with marijuana product manufacturers and distributors, closed […]