A bill that would reduce the penalty for marijuana possession in Alabama is scheduled for consideration on Wednesday by both the House and Senate judiciary committees.
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It appears the Vermont government is operating smoothly thanks to some extra green, causing state lawmakers to defend the risky move.
AUCKLAND, N.Z., Dec. 18, 2017 /Weed Wire/ — Companies involved in the recreational cannabis industry have been excluded from the $37 billion NZ Super Fund. The exclusion does not include companies involved with licensed and authorised medicinal cannabis.
A subsidiary of the New York Stock Exchange launches trading on Dec. 26 for its first-ever marijuana fund, a major step for an industry that’s struggled to access mainstream U.S. financial instruments, even as Canadian markets have kicked off marijuana investment.
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
This past week brought a first for the investment world — a medical marijuana electronic-traded fund (ETF) made its debut.
Montana lawmakers are considering a 6 percent sales tax on medical marijuana.
On Nov. 21, 2016, rapper and actor Jayceon Terrell Taylor, known on stage as The Game, announced in an Instagram post that he is launching an investment fund to invest in the legal cannabis industry.
On Sept. 28, 2016, the University of Mexico announced the Medical Cannabis Research Fund. Associate Professor Jacob Vigil in the Department of Psychology created the MCRF to aid medical cannabis research in social and biomedical sciences.
The government of New Brunswick is giving a proposed medical marijuana facility in the province a major financial boost — investing a total of $4 million into the operation.
On Aug. 22, 2016, the Ohio Controlling Board, a bipartisan panel that handles adjustments to the state budget, voted to transfer $1.8 million from the Emergency Purposes Fund to the Medical Marijuana Control Program Fund, as requested by the Ohio Office of Budget and Management.
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
LOS ANGELES, June 27, 2016 /Weed Wire/ — MedMen, the only full-service management company serving North America’s legal cannabis industry, has launched the MedMen Opportunity Fund, L.P. (the “Fund”), the first private equity vehicle of its kind.
On March 18, 2016, CanopyBoulder announced that it had raised a $2 million fund to invest in two classes of startups for its business accelerator program in 2016.
With the exception of the late-2013 to early-2014 bubble, from which fortunes were made, there has been little sustained progress in producing a truly public company sector Version 2.0. No doubt companies like Massroots (OTCQB: MSRT) have set the bar higher.
The attractiveness of an ETF that could lower the volatility and risk of making an investment into a single cannabis stock is quite evident. But is it feasible?
As marijuana laws undergo serious change in the U.S., new pot-related startups have sparked up all over the place. But what will separate the pretenders from the contenders in what’s becoming an extremely crowded space?
CHICAGO, Feb. 24, 2015 /Weed Wire/ — CannaPitch, the legal marijuana industry’s exclusive live pitch session, will debut at the Marijuana Investor Summit, April 21, at the Crowne Plaza, Denver.
GLENDALE, Colo. — The crowd of approximately 100 veterans, marijuana patients, doctors and activists erupted in cheers at about noon on December 17, 2014.
With an influx of capital from alternative and traditional (OK, fringe traditional) investors, the legalization business is about to get legit.
James Tao, one of the co-founders of Houston Health Ventures, will explore the potential of establishing a marijuana-specific fund at the inaugural Marijuana Investment Conferences event Oct. 5-6.
Leslie Bocskor has big plans and they focus on people using pot.
In late 2010, Derek Peterson was fired from his job as a vice president at Morgan Stanley, where he had been managing a $100 million fund.
This a signal that the marijuana industry will continue to develop into a dual one.
Justin Hartfield, the CEO of marijuana review and discussion site WeedMaps is continuing to expand his empire, co-founding marijuana technology venture capital firm Ghost Group.