Tag Archives: Funds

MassRoots Accuses Founder of Serious Misconduct, Files Suit

MassRoots Accuses Founder of Serious Misconduct, Files Suit

Barely a month after being ousted as head of the cannabis social network he launched in 2013, MassRoots founder Isaac Dietrich is now being sued by his former company, which alleges he stole more than $250,000 from the business.

Billion Dollar Fund Manager Targets Cannabis

Billion Dollar Fund Manager Targets Cannabis

First Trust Portfolios filed an S-6 on May 3oth with the Securities and Exchange Commission for a Medical Cannabis Portfolio Series - FT 6766 that is seeking above average capital appreciation.

Safety in Numbers Drives Canopy Growth Corp. Higher

Safety in Numbers Drives Canopy Growth Corp. Higher

U.S. estimates by investment bank Cowen and Company suggest cannabis sales will increase at a compound annual growth rate of 23% over the next decade to US$50 billion. In Canada, it’s estimated that 5.2 million Canadians will consume legalized pot annually by 2021.

New Jersey

New Jersey Lawmaker Wants to Allow Marijuana in Atlantic City

Reed Gusciora, an assemblyman in New Jersey, wants to allow marijuana in Atlantic City, according to a June 15, 2016, article at NJ.com. Gusciora’s bill will ask lawmakers to place a question on November’s ballot, which would ask voters if people who are 21 years of age and older should be allowed to grow, sell and consume marijuana.


CannaKorp — World’s First Single-Use, Pod-Based Medical Cannabis Vaporizer System — Successfully Completes Seed Round Funding

STONEHAM, Mass., April 18, 2016 /Weed Wire/ — CannaKorp, Inc. announced today that its angel fundraising goal of $1 million was oversubscribed by 60%, with a total of$1.58 million raised.

Federal Funds

DEA Still Using Federal Funds to Prosecute State-Legal Users and Businesses?

On July 30, 2015, Reps. Sam Farr, D-Calif., and Dana Rohrabacher, R-Calif., sent a letter to the Office of the Inspector General at the Department of Justice, the agency’s internal oversight office.

Marijuana Investing for the 99 Percent

Marijuana and mutual funds are not concepts usually found in the same sentence. Marijuana investments are notoriously volatile. A mutual fund, on the other hand, is the sort of stodgy vehicle that middle-aged people use to build retirement savings.