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.
Tag Archives: Fund
Here’s Why the Vermont Government Redirected Marijuana Program Revenue
It appears the Vermont government is operating smoothly thanks to some extra green, causing state lawmakers to defend the risky move.
NZ Super Fund Excludes Recreational Cannabis Companies
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.
The New York Stock Exchange Is Getting Its First Weed Fund
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.
MedMen Opportunity Fund Closes Below $100 Million Target
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.
The Very First Marijuana Stock ETF Just Debuted: Should You Be Buying?
This past week brought a first for the investment world — a medical marijuana electronic-traded fund (ETF) made its debut.
Montana Lawmakers Consider Sales Tax on Medicinal Marijuana
Montana lawmakers are considering a 6 percent sales tax on medical marijuana.
Rapper Launches Investment Fund for Cannabis
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.
University of New Mexico Launches Medical Cannabis Research Fund
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.
N.B. Government Invests $4M in Medical Marijuana Production Facility
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.
Ohio Approves $1.8 Million for MMJ Program
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.
Marijuana’s Investors Prefer To Keep It A Secret
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Leading Cannabis Management Firm MedMen Launches $100 Million Investment Fund
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.
CanopyBoulder Raises More than $2 Million for Cannabis Startups
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.
Planning Ahead for the Changing Times in Cannabis Public Markets
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.
Don’t Look for a Cannabis ETF Anytime Soon
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?
The Word on Weed: Where Pot Investors See the Biggest Opportunities Now
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?
CANNAPITCH: 5 Companies & 1 Investment at the Marijuana Investment Summit, 4/21
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.
Colorado Awards $8.4M in MMJ Research Grants Amidst Controversy
GLENDALE, Colo. — The crowd of approximately 100 veterans, marijuana patients, doctors and activists erupted in cheers at about noon on December 17, 2014.
High Times in Private Equity
With an influx of capital from alternative and traditional (OK, fringe traditional) investors, the legalization business is about to get legit.
Houston VC Explores Potential of Marijuana Fund
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.
Marijuana Investor Plans Hedge Fund to Invest in Reverse Mergers
Leslie Bocskor has big plans and they focus on people using pot.
These People Left Respectable Corporate Jobs To Work in the Booming Marijuana Industry
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.
Marijuana Investment Tips – Moving with the Times
This a signal that the marijuana industry will continue to develop into a dual one.
Pay Close Attention To This Marijuana Millionaire’s Weed Venture Capital Fund
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.