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.
Tag Archives: funding
Vermont Colleges and Universities Ban Marijuana
Vermont Colleges and universities will not be changing their marijuana policies, despite the recent bill passage to legalize the drug.
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.
House Votes to Extend Critical Medical Marijuana Protections Through December 22
WASHINGTON, Dec. 8, 2017 /Weed Wire/ — The U.S. House of Representatives today voted to extend protections for state medical marijuana programs through December 22.
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.
MA Commission Requesting $7.5M to Fund Marijuana Control Operations
Here is why some Massachusetts marijuana reform advocates are insisting that additional funding is necessary for marijuana control operations.
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
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, which provides cannabis inventory management software, has raised $2.5 million led by Casa Verde Capital.
Medical Cannabis Provider Denied Advertising on City Transit
ALBUQUERQUE, N.M., Sept. 27, 2017 /Weed Wire/ — Ultra Health, New Mexico’s #1 Cannabis Company, has been denied the opportunity to advertise on the ABQ Ride Buses due to concerns about losing federal funding.
Eaze is Moving Into Recreational Marijuana Delivery With New Funding
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales.
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.
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.
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
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.
World of Cannabis Summit Interview: Munchies B Gone’s Richard Zimmer
In this World of Cannabis Interview, watch Caroline Cahill, Managing Editor of MJINews.com and Marijuana Industry News magazine, interview Richard Zimmer III, Co-Founder of Munchies B Gone.
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.
Denver FBI Honors Youth Program Partly Funded by Pot Taxes
The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.
Cannabis Industry Market Map: 60+ Companies
Startups are finding new ways to tailor technologies specifically to cannabis businesses.
11 Venture Capital Firms Investing in Cannabis Startups
We recently took a trip around the Pacific Northwest to do some “research” into the legalization of marijuana in the United States and cannabis startups. What we saw was shocking to say the least. In a good way.
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.
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
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
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.
Cannabis Investments: Deals Remain Steady While Dollars Drop
On Oct. 18, 2016, CB Insights released a report on deals made and dollars invested into private American cannabis companies in the third quarter of 2016. Deals remained steady for the quarter, but dollars invested dropped to the lowest recorded level since Q3 of 2015.
DC Marijuana Industry Analytics Startup Closes in on $5M Investment
Washington, D.C.-based startup New Frontier Data has almost completed a $5 million funding round to expand its work doing data and analytics for the legal marijuana industry.
Irish Company Secures Funding to Study Medical Cannabis
GreenLight Medicines, a pharmaceutical startup based in Ireland, has secured funding from a group of private Irish investors to create “breakthrough” medicines with cannabis extracts.
PE Firm Believes There’s Lots of Money to be Made in Cannabis
Private equity firm Seventh Point sees big opportunities in medical marijuana and wants to get in on the ground floor.
Israeli Leaf Raises $2 million for Cannabis Growing System
Cannabis cultivation need not be disorganized or dirty. And yes, this gives a whole new meaning to a “seed round.”
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
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
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.
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’
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.
6 Mistakes Marijuana Business Owners Make When Seeking Funding: Part II
Here are three additional mistakes I see occurring frequently as business owners look for financing. Steer clear of these pitfalls and you will dramatically increase your chances for success.
Marijuana Startup LeafLine Hunts for Another Big Round of Funding
Medical-marijuana startup LeafLine Labs has begun an effort to raise $21 million, according to a regulatory filing.
Raising Capital: Meadow Evolves with Cannabis Landscape
On April 5, 2016, Meadow, a medical cannabis delivery and software company based in San Francisco, announced that it had closed a $2.1 million round of seed funding.
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.
Cannabis Brand Management Company Raises $8 Million
On April 4, 2016, Strainz Inc., a national cannabis brand management company, announced that it had raised $8 million, $6 million of which was raised through Series A funding from venture capital and angel investors.
6 Mistakes Marijuana Business Owners Make When Seeking Funding: Part I
As a veteran in commercial financing for marijuana businesses, I have seen many business owners struggle to obtain funding.
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.
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.”
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.
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.
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.
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 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.
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.
How to Find VC-free Funding for Startups and Early Stage Companies
Entrepreneurs don’t always know what qualifies as a fungible asset. And they’re not aware that many emerging businesses can gain access to finance fairly easily if their business has the right components.
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.