By Hilary Bricken What are the specific red flags to look for if you’re being pitched on a ‘solution to the marijuana banking problem’? Of the many issues that prevent cannabis businesses from acting like regular businesses, their lack of access to banking is probably the most hindering. Since commercial cannabis activity remains a federal […]
Banking, Finance & Real Estate
Aurora Cannabis to Acquire MedReleaf
PRESS RELEASE Transaction to Create Preeminent Global Cannabis Company EDMONTON and MARKHAM, ON, May 14, 2018 /CNW/ – Aurora Cannabis Inc. (“Aurora”) (TSX: ACB) and MedReleaf Corp. (“MedReleaf”) (TSX: LEAF) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) whereby Aurora intends to acquire all of the issued and outstanding common shares of […]
Here’s How Much Marijuana Costs in the United States vs Canada
A tidal wave of change is hitting the cannabis industry in both the United States and Canada. In the United States, medical marijuana is now legal in 29 states. Not only that, but the recreational use of marijuana is now legal in 10 states. You can walk into a licensed store in places like California, Oregon and […]
Time is of the Essence
Time is a powerful thing. In some circumstances in cannabis, time can be your friend. Taking an extra day to review a contract, great idea. Giving your plants an extra week to flower, so they can reach optimum potency and flavor profiles, is a good idea. Leaving your freshly blasted concentrate slab in vacuum ovens […]
Harborside’s FLRish, Inc., Closes $5M Financing for Series A
PRESS RELEASE California’s leading cannabis company and family of brands complete a $5M qualified equity financing as part of a larger $6.5M Series A funding round Oakland, Calif.-FLRish, Inc., a leading California cannabis company that manages the Harborside retail dispensaries and brands, as well as one of the state’s largest cannabis cultivation facilities, today announced […]
Colorado House Bill 1011 could have ramifications world-wide in the Cannabis Industry
Over the last year plus, industry players in Colorado have been lobbying the legislature hard to allow for out-of-state ownership stakes that could change the capital raise game and allow many of the companies that have built significant cannabis license portfolios to be on a level playing field with other states like California and Nevada […]
How High Are Recreational Marijuana Taxes in Your State?
As public opinion increasingly favors the legalization of recreational marijuana, a growing number of states must determine how to tax legal sales of cannabis. To date, nine states (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, and Washington) and the District of Columbia have legalized recreational marijuana, but only eight of these jurisdictions have legal markets. […]
Hertzberg Legislation to Establish Banking for the Cannabis Industry Passes First Committee
PRESS RELEASE The bill moves on to face a vote in the Senate Governance and Finance Committee next week. April 18, 2018 SACRAMENTO – Sen. Bob Hertzberg, D-Van Nuys, today announced that his legislation to help financial institutions safely conduct transactions with licensed cannabis businesses has cleared its first hearing in the Senate Banking and […]
Cannabis Point-of-Sale and Compliance Platform Green Bits Raises $17 Million in Series A RoundP
PRESS RELEASE In 2017, Green Bits Grew Subscription Revenue 214% and Now Processes More than $2.2 Billion in Sales Annually SAN JOSE, Calif. (April 18, 2018) – Green Bits, the nation’s leading retail management and automated compliance platform that helps cannabis dispensaries and retailers efficiently and legally run their businesses, today announced it completed a […]
Collection Agency vs Small Claims
As with any comparison of two things, there are always the pros and cons. Below is an outlay of the comparison of using a collection agency versus taking your debtor to small claims court. We have tried to remain as objective as possible. First, lets define what collection agencies and small claims are. Collection agencies […]
