Tag Archives: funding

Lawmakers Threaten Department of Health Funding After Medical Marijuana Delays in Florida

Lawmakers Threaten DOH Funding After Medical Marijuana Delays in Florida

Lawmakers Threaten DOH Funding After Medical Marijuana Delays in Florida

Dr. Ahmed El-Haddad with Mari J MD Medical Marijuana says the rollout here in Florida has worked in some respects. It’s a system he says that still has a lot of room for improvement.

Privateer Holdings

Privateer Holdings Closes $100+ Million Funding Round, Announces $5 Million Equity Pledge

SEATTLE, Jan. 25, 2018 /Weed Wire/ – Privateer Holdings, the world’s leading private equity firm investing exclusively in legal cannabis, today announced the completion of its Series C funding round and a pledge from the firm’s founders to donate equity equivalent to $5 million at the firm’s current valuation to help communities harmed by cannabis prohibition.

marijuana-leaf-694336_640

Government Shutdown Could Allow Marijuana Crackdown

Funding for the federal government is set to run out on Friday, unless Congress enacts a bill extending current spending levels. Also set to expire is a current rider that prevents the Department of Justice from interfering with state medical cannabis laws.

Massachusetts Cannabis Regulators Could Get $2.7 Million in Additional Funding

Massachusetts Cannabis Regulators Could Get $2.7 Million in Additional Funding

Massachusetts cannabis regulators could be getting an early Christmas present this year in the form of additional funding. Budget writers with the state House of Representatives released a bill on Nov. 29, 2017, that would give the state Cannabis Control Commission $2.7 million in additional funding.

Members of Congress Urge Extended Protection of State Medical Cannabis Laws

Members of Congress Urge Extended Protection of State Medical Cannabis Laws

On Nov. 28, 2017, a bipartisan group of federal lawmakers sent a letter to congressional leaders, urging them to extend protection of state medical cannabis laws in the 2018 appropriations bill.

Toronto-Based Trellis Raises $2.5 Million From Snoop Dogg's Venture Firm

Toronto-Based Trellis Raises $2.5 Million From Snoop Dogg’s Venture Firm

Toronto-based Trellis, which provides cannabis inventory management software, has raised $2.5 million led by Casa Verde Capital.

Legal Weed Entrepreneurs Finding New Funding Options

Legal Weed Entrepreneurs Finding New Funding Options

How do legal-marijuana business entrepreneurs raise money to start or expand their business? The big banks won’t open a checking account for them, let alone lend them money, because cannabis production, processing and selling is still illegal at the federal level. Banking and financing options are limited, but there is a need and funding can be found.

Funding First Orders

Agritek Holdings, Inc. Announces $300,000 Cash Infusion On Heels Of CEO B. Michael Friedman’s Appearance On Fox Business Network New To The Street

LOS ANGELES, Aug. 21, 2017 /Weed Wire/ — Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active cannabis real estate investor and branding consultant in the legal cannabis sector, today announced that the Company has received an additional $300,000 in funding for the month of August.

industrial hemp

Governor Cuomo Signs Legislation and Announces New Initiatives to Support Growth of Industrial Hemp Industry in New York State

ALBANY, July 12, 2017 /Weed Wire/ — Governor Andrew M. Cuomo today signed legislation and announced new actions to support the emerging industrial hemp industry and boost the agricultural economy in New York State.

Cannabis Compliance Platform Closes $3.25M Series A Offering

Cannabis Compliance Platform Closes $3.25M Series A Offering

On April 12, 2017, Flowhub, a seed-to-sale cannabis compliance platform, announced that it had closed an oversubscribed Series A offering of $3.25 million, with Green Lion Partners and Phyto Partners leading this round of financing.

Agritek

Agritek Holdings, Inc. Announces Filing of Annual Report And Initial Funding and Operational Agreement For New 25,000 Square Foot Cultivation Facility In Puerto Rico

LOS ANGELES, April 5, 2017 /Weed Wire/ – Agritek Holdings, Inc. (OTCQB: AGTK), today announced that the company has successfully filed its 10K Annual Report and has signed and executed an initial Letter of Intent and is completing the final Funding and Operational Agreement with the principals of a new 25,000 sq. ft. facility with initial approval for a cultivation license by the Department of Health In Puerto Rico.

Report: Marijuana Funding in 2016 Down Slightly from 2015

Report: Marijuana Funding in 2016 Down Slightly from 2015

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.

MJICM_UCANN

United Cannabis Corporation Receives $5 Million Commitment from Tangiers Global

DENVER, Dec. 22, 2016 /Weed Wire/ — United Cannabis Corporation (OTCQB: CNAB) (the “Company” or “United Cannabis”) today announced that Tangiers Global, LLC (“Tangiers”) has provided the Company with a Fixed Funding Commitment (the “Agreement”) for up to $5 Million.

Learn How to Fund Your Cannabis Business

Learn How to Fund Your Cannabis Business

Are you an entrepreneur eager to fund your cannabis business? Needless to say, banks are not going to be your first choice. How can you raise capital legally and then bank the money you make?

No Need to Speed: Eaze Evolves With Capital Raise

No Need to Speed: Eaze Evolves With Capital Raise

On Oct. 25, 2016, Eaze, a medical marijuana delivery service in California, announced that it had completed a $13 million Series B round of financing, bringing the company’s fundraising total to $25 million.

Is Big Marijuana Calling the Shots in Nevada? Hardly, Records suggest

Is Big Marijuana Calling the Shots in Nevada? Hardly, Records Suggest

As Nevada voters prepare to vote this fall on whether to decriminalize recreational marijuana use, they’re going to hear a sinister-sounding warning that the push for legalization is being fueled by out-of-state money.

Cannabis Cleans Up Well: 5 Events Signaling Professionalization of Industry

Cannabis Cleans Up Well: 5 Events Signaling Professionalization of Industry

From industry members in the trenches to suits in corner offices, here are five events that show cannabis cleans up well, signaling the professionalization of the industry.

How to Write an Effective Executive Summary to Secure Financing for a Cannabis Business

How to Write an Effective Executive Summary to Secure Financing for a Cannabis Business

An effective executive summary gives a brief, high-level overview of your business, the financing that you are seeking, and it should pique the interest of decision makers.

SoHum Living

American Cannabis Company Announces a $5 Million Fixed Funding Commitment

DENVER, June 24, 2016 /Weed Wire/ — American Cannabis Company, Inc. (OTCQB: AMMJ) (the “Company”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced that it has signed an investment agreement with Tangiers Global LLC (“Tangiers”) for a fixed funding equity commitment of up to $5 million.

Cannabis Company Confounded by ‘The Crowd’

Cannabis Company Confounded by ‘The Crowd’

Crowdfunding seemed like the perfect solution for cannabis entrepreneur Ralf-Rainer von Albedyhll, CEO of NextRX Inc., based in Las Vegas, Nevada. He had tried the more traditional funding avenues with little success.

Meadow

Meadow Raises $2.1 Million to Build Platform for Legal Cannabis

SAN FRANCISCO, April 5, 2016 /Weed Wire/ — Today Meadow, the startup building software for the medical cannabis industry, is announcing $2.1M in seed funding with participation from David Lee, Justin Kan, Steve Huffman, Hiten Shah, Slow Ventures, Liquid 2 Ventures, SOMA Capital, and Poseidon Asset Management.

VCs Invested in Cannabis

Venture Capitalists Invested Over $215 Million in Cannabis Companies in 2015

On Feb. 29, 2016, CB Insights released a report on venture capital investments in the legal cannabis industry for 2015. According to the report, VCs invested in 98 cannabis-related deals in 2015, totaling $215.2 million.

Med-X Offering

Regulation A+ Gaining Momentum: SEC Provides Update and Med-X Offering Goes Live

On Feb. 25, 2016, the SEC’s Advisory Committee on Small and Emerging Companies met to discuss the ongoing evolution of this new capital landscape. According to the opening remarks of Mary Jo White, SEC Chair, “Since Regulation A+ became effective in June 2015, issuers have publicly filed over sixty offering statements with the Commission.”

MJ Freeway

Equity Investment Positions MJ Freeway for Growth

With a $25,000 investment minimum, a total of 13 purchasers helped MJ Freeway close its $8 million round of Series B financing. On Dec. 21, the company officially announced the raise, identifying Roger McNamee and Tao Capital Partners as investors.

MJ Freeway Series B Financing

Cannabis Software & Services Leader MJ Freeway Closes $8 Million in Series B Funding

DENVER, Dec. 21, 2015 /Weed Wire/ — MJ Freeway, the leader in software solutions and services for legal cannabis businesses, today announced $8 million in Series B financing. Investors in the round include Roger McNamee and Tao Capital Partners.

Financing

Oregon Licensing Process: Are You Prepared for Financing?

Interested in taking part of Oregon’s upcoming recreational marijuana market? While the entry barriers for dispensaries in Oregon aren’t as high they are in other states, it still takes a sizable investment to enter the business. And to get funding, companies must be prepared.

Green Exchange

The Green Exchange Receives Second-Round Funding to Begin Technology Build Out for All Legal Cannabis States

SAN FRANCISCO, Calif., Oct. 7, 2015 /Weed Wire/ — The Green Exchange, Inc., the developers of “Big Green Exchange” (www.biggreenexchange.com) – the nation’s only certified online medical marijuana auction site; and “Loud Cannabis” (www.tryloud.com) – the world’s first HIPAA compliant Farm-to-Table marijuana delivery service, announced today that the company received its second round of funding.

Santa Cruz Bakeware

Santa Cruz Bakeware Takes A Fresh Approach To Household Cannabis Storage With Crowdfunding Launch

SANTA CRUZ, Calif., Oct. 6, 2015 /PRNewswire/ — Santa Cruz Bakeware™ announces launch of the Greenskeeper project on Indiegogo, ending the home storage nightmare for medical and recreational cannabis consumers.

CannaPitch in Los Angeles

Marijuana Investor Summit Took Los Angeles By Storm

The Marijuana Investor Summit delivered quality educational sessions to more than 200 entrepreneurs and investors at the recent Cannabis World Congress & Business Expo held at the Los Angeles Convention Center on Sept. 16, 2015.

Simplified Capital

Simplified Capital Connects Cannapreneurs With Capital

If you’re an entrepreneur, and your company isn’t quite ready for potential investors, how do you acquire financing? For regular businesses, getting a loan from a bank or financial institution is the most straightforward answer, but that’s not always an option for those in the marijuana industry.


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