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.
Tag Archives: Funds
Enforcing Canada’s new legal weed comes with a high price tag. The federal government will spend C$546 million ($426 million) over the next five years to implement its new cannabis laws, according to the latest budget forecast.
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.
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.
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.
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.
This year, 2016, will be the first full fiscal year in which California will spend money on regulating the industry.
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.
While there are exchange-traded funds for rare earth metals and for stocks headquartered in Nashville there are no ETFs that track pot stocks.
Considering an investment in the cannabis industry? Consider this a brief starting guide to making responsible choices. It may help you determine if considering an investment in the cannabis industry is right for you.
How would you like to be paid to smoke marijuana? Sounds like a dream job right? Well, if you live in Colorado you can potentially live out that dream.
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.
CFO Worldwide is a boutique accounting and financial services firm, including a specific cannabis practice. We act as an outsource CFO and provide accounting and bookkeeping services to private companies with revenues between $1 million and $30 million.