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 will not be changing their marijuana policies, despite the recent bill passage to legalize the drug.
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.
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.
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.
Here is why some Massachusetts marijuana reform advocates are insisting that additional funding is necessary for marijuana control operations.
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.
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, which provides cannabis inventory management software, has raised $2.5 million led by Casa Verde Capital.
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.
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.
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.
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.
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.
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.
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.
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.
The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.
Startups are finding new ways to tailor technologies specifically to cannabis businesses.
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.
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.
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.
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?
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.
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.
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.
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.
Private equity firm Seventh Point sees big opportunities in medical marijuana and wants to get in on the ground floor.
Cannabis cultivation need not be disorganized or dirty. And yes, this gives a whole new meaning to a “seed round.”
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.
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.
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.
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.
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.
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.
Medical-marijuana startup LeafLine Labs has begun an effort to raise $21 million, according to a regulatory filing.
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.
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.
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.
As a veteran in commercial financing for marijuana businesses, I have seen many business owners struggle to obtain funding.
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.
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.”
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.
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.
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.
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, 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.
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.
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.
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.