Marijuana sales has the potential to greatly add to government’s treasury as well, and it will be immensely helpful in medical fields. Nowadays, it is also easier for banks for provide services for legal marijuana businesses.
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On Jan. 6, 2017, CB Insights released a report on annual funding activity for private marijuana companies in 2016, as well as activity for the fourth quarter of the year. According to the report, deals made and dollars invested leveled off in 2016.
On Nov. 28, 2016, Teva Pharmaceuticals (NYSE:TEVA) announced that it had entered into an agreement with Syqe Medical to market and distribute Syqe’s medical cannabis inhaler in Israel for pain management, signifying the first time a medical cannabis product will be marketed by an international pharmaceutical company.