The wildfires scorching Northern California have burned down at least 34 marijuana farms, just as the state prepares to launch a legal recreational marijuana industry. Now an attempt to crowdfund money online for farmers in Sonoma and Mendocino counties has been shut down by payment provider WePay.
Tag Archives: Crowdfunding
Med-X is a company I have been researching today that provides nontoxic and 100 percent all-natural pest management products to people who grow marijuana legally.
From industry members in the trenches to suits in corner offices, here are five events that show cannabis cleans up well, signaling the professionalization of the industry.
Crowdfunding seemed like the perfect solution for cannabis entrepreneur Ralf-Rainer von Albedyhll, CEO of NextRX Inc., based in Las Vegas, Nevada. He had tried the more traditional funding avenues with little success.
LOS ANGELES, April 5, 2016 /Weed Wire/ — Med-X, Inc.’s crowdfunding initiative is full steam ahead as the final rules for Regulation A+ takes effect in a matter of weeks, the company proudly announced on Monday.
Investing in startup cannabis companies is about to get easier for the little guy. And for the little company.
LOUISVILLE, Ky., March 11, 2016 /Weed Wire/ — Kentucky-based Start-up Hemp Foods America announced today that it has launched a crowdfunding campaign on Indiegogo to purchase viable seed, soil amendments, and other necessary implements needed to bring hemp into organic rotation in Kentucky.
CHICAGO, Feb. 17, 2016 /Weed Wire/ — CannaPitch IPO, the legal cannabis industry’s premiere pitch event, will be open to the investing public, bringing true crowdfunding to cannabis companies at the California Cannabis Business Expo, March 4 at the Hilton Union Square, San Francisco.
Howard Leonhardt, a state spokesperson in California for the JOBS ACT and Crowdfunding for Startup California, will be speaking in March at the California Cannabis Business Expo.
LOS ANGELES, Jan. 8, 2016 /Weed Wire/ — Med-X has already taken steps to handle post-legalization America, and they’re doing it by creating a company that can handle every aspect of the medical cannabis industry.
LOS ANGELES, December 22, 2015 /Weed Wire/ — The Apothecarry Brands LLC, purveyor of high quality cannabis accoutrement, is rallying national support for its inaugural crowdfunding campaign on Indiegogo.
Interested in taking part of Oregon’s upcoming recreational marijuana market? While the entry barriers for dispensaries in Oregon aren’t as high they are in other states, it still takes a sizable investment to enter the business. And to get funding, companies must be prepared.
On Nov. 12, 2015, the Colorado Division of Securities issued an investor alert titled, “Are you an Informed Investor? The Next Big Thing.” The alert addressed the popularity of investments in marijuana, binary options and digital currencies.
Randy Shipley, the founder and CEO of CannaFundr.com, is among those who believe that the new SEC rules will “potentially” have a positive influence on the marijuana industry.
CHICAGO, Nov. 9, 2015 /Weed Wire/ — The Cannabis Growth Capital Conference will bring the best public and private investment companies in the industry together at the Westgate Convention Center, Las Vegas, Nov. 10-11.
SANTA CRUZ, Calif., Oct. 6, 2015 /PRNewswire/ — Santa Cruz Bakeware™ announces launch of the Greenskeeper project on Indiegogo, ending the home storage nightmare for medical and recreational cannabis consumers.
Cannabis entrepreneurs may underestimate the potential for debt financing, a topic that will be explored in detail by Scott Jordan, Director of Business Development for Dynamic Funding at the Marijuana Investor Summit on Sept. 16 in Los Angeles.
Could equity crowdfunding for cannabis take off in Colorado? On July 16, 2015, Colorado’s Division of Securities sent a cease and desist letter to a man who posted ads on Craigslist looking for “high net worth investors to strategically partner with one of the largest MMJ chains in Colorado.” So, no, not for that guy.
DENVER, JULY 22, 2015 /Weed Wire/ — Millions of Americans now have access to medical marijuana, but most don’t use it because of stigma and lack of education. Cannabis isn’t just for sick people; it can help you sleep, improve your sex life, get rid of headaches and back pain, and boost your creativity according to reality television star Dr. Michele.
Science crowdfunding startup Walacea is helping Madrid’s MedicalCannabis Bike Tour to raise the final €85,000 it needs to conduct an independent clinical trial into the effect of cannabinoids on brain tumours.
Let’s face it: it is hard to be a cannabis consumer on the go. Federal prohibition makes it difficult to travel with your cannabis pipes; and even if it was legal on the federal level, would you trust your pipe with the TSA? Most people wouldn’t, and neither would Lauren Ely, CEO of disposaBowls.
BOULDER, Colo., May 5, 2015 /Weed Wire/ — Our mission is to set the standard for responsible cannabis use. At the core of our design is an integrated combination lock. We’ve designed this to make the safe storage of cannabis simple. Revolutionize self-regulation.
The Marijuana Investor Summit was not short on speakers and panelists offering advice on financing a cannabis business. But many cannabis entrepreneurs learned a grittier lesson in the conference center’s labyrinth-like hallways and the hotel’s lobby bar.
The idea of funding a startup can seem daunting regardless of the field a company chooses to enter. Emerging entrepreneurs in the legal marijuana industry can improve their prospects by becoming well versed in their funding options before pursuing a particular path to capital.
CHICAGO, Feb. 2, 2015/Weed Wire/ — New Frontier Financials, which provides authoritative actionable intelligence and analytics for the cannabis industry, closed out its $250,000 seed round on CannaFundr.com.
CrowdFund Connect has launched several sites, on a one-industry-per-platform system, aimed at connecting investors and their “champions” with entrepreneurs.
MJINews and Cannafundr.com today announced the Marijuana Investor Summit, which will take place in Denver, following the Cannabis Cup, April 20-22, 2015.
Marijuana crowdfunding? Seriously? Who would have thought that cannabis is in the running for one of the hottest 2015 crowdfunding trends?
The spirit of the JOBS Act is strong, though its flesh (that is, its actual implementation) is weak. The spirit of that 2012 enactment may have just created an important new conduit for the movement of cash into the growing legal cannabis industry in the United States.
Mobile apps enable nearly anything to be delivered directly to your door. Now you can add marijuana to the list.
Beverly Hills mom Cheryl Shuman may not look like the stereotypical stoner, but she’s hoping her new crowdfunding website will be a driving force to help bring medical marijuana to the masses.
Emmy winning independent journalist Ben Swann released a video detailing the hypocrisy of the federal government holding patents on medical marijuana, and the health benefits of CBD oil.
In a non-cannabis industry an entrepreneur might simply go to the bank for financing, but not so in the marijuana world. Few lenders are ready to do business with a startup whose status is still questionable under federal law. Is crowdfunding an option?