European Cannabis Industry ‘Potentially An Even Bigger Opportunity’ Than The US, And Investors Should ‘Wake Up To The Opportunities In Their Own Backyard’ May 25, 2022 Ben Stevens Banking, Finance & Real Estate 0 Comments by Ben Stevens NORTH American investment in the European cannabis industry has grown at pace over the last few years, with hundreds of millions in capital flooding into the region from across the Atlantic. As patient numbers rise and it… Read More→
Cannabis crime wave boosts banking prospects on Capitol Hill May 10, 2022 AggregatedNews Banking, Finance & Real Estate, Federal, Policy & Legal 0 Comments Weed businesses struggle to bank in the U.S., leaving cash on the premises. Jordan Brown, a 29-year-old budtender, was shot and killed on March 19 during his shift at World of Weed in Tacoma, Wash. Joshua Chase, owner of Oakanna… Read More→
Four Considerations for Foreign Investors in U.S. Cannabis May 4, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments by Gordon Thorne, Attorney at Harris Bricken Foreign investors (often in countries that prohibit cannabis) are eager to invest in burgeoning state cannabis markets in the U.S. This can often go very wrong, especially if the investor gets bad legal… Read More→
Pot shop robberies are fueling calls for a U.S. banking bill April 26, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments A surge in robberies at licensed cannabis shops — including a pistol-whipping, gunshots and killings in Washington state last month — is helping fuel a renewed push for federal banking reforms that would make the cash-dependent stores a less appealing… Read More→
Cannabis industry goes all-in on banking push before midterms March 21, 2022 AggregatedNews Banking, Finance & Real Estate, Federal 0 Comments The cannabis industry is pushing lawmakers to get a marijuana reform bill to President Biden’s desk before the November midterms, fearing that a Republican takeover of Congress could doom its chances. In an in-person lobbying blitz last week, more than 20… Read More→
UK Cannabis Firm Akanda’s US Listing Sees Value Skyrocket As It Unveils Plans To ‘Put Capital To Work’ March 17, 2022 Ben Stevens Banking, Finance & Real Estate 0 Comments AKANDA Corp has become the latest British cannabis company to go public after it launched on the NASDAQ Stock Exchange this week, seeing its stock soar some 350% above its listing price. The young ‘seed to patient’ medical cannabis operator,… Read More→
One Year After The First Cannabis Stocks Joined The LSE, Could We See A Fresh Run Of Cannabis IPOs This Year? March 9, 2022 Ben Stevens Banking, Finance & Real Estate 0 Comments FEBRUARY 2022 marked the one-year anniversary of MGC Pharmaceuticals IPO on the London Stock Exchange (LSE), which saw cannabis stocks traded on the platform for the first time in its 320-year history. The event marked a significant step forward for… Read More→
Cannabis Banking: All Businesses are Marijuana Related Businesses March 2, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments by Vince Sliwoski, Attorney at Harris Bricken All U.S. businesses are marijuana related businesses (MRBs). By “all” I mean everyone from Amazon to your local hardware store, with very few exceptions. Allow me to explain. Guidance on banking and MRBs… Read More→
Safe Harbor Financial Enters SPAC Territory with a Proven Fintech Model Primed for Expansion February 23, 2022 Tom Hymes Banking, Finance & Real Estate, Spotlight 0 Comments If there is a better name for Safe Harbor Financial than, well, Safe Harbor Financial, I cannot think of it. What this rare Denver, Colorado-based Credit Union Service Organization (CUSO) does and has been doing since 2015 is precisely and… Read More→
5 Consequences of Extending Credit in the Cannabis Industry February 23, 2022 Kresimir Peharda Banking, Finance & Real Estate 0 Comments Industry insiders have known for some time that most cannabis businesses struggle with cash flow problems. This is caused by many factors such as federal illegality, high taxes and fees, including Section 280E of the tax code, a dearth of… Read More→
Marijuana Fund Manager Talks Post-Covid Earnings, Gen Z Trends February 22, 2022 AggregatedNews Banking, Finance & Real Estate 0 Comments Gen Z’s pot appetite fuels optimism Emily Paxhia’s coming-around-to-cannabis story has a surprise ending. Like many cannabis enthusiasts, Paxhia said she shifted in favor of the drug when someone close to her was suffering, and conventional medicine couldn’t help. But the plight… Read More→
Cannabis Purchase Order Financing February 14, 2022 Hilary Bricken Banking, Finance & Real Estate 0 Comments by Hillary Bricken, Principal at Harris Bricken Cannabis purchase order financing is gaining speed in the industry. Because of robust state regulation, high operational costs, high taxes, and the federal illegality of marijuana, a lot of cannabis businesses struggle financially… Read More→
When Cannabis Businesses face financial distress February 14, 2022 Jacques Santucci Banking, Finance & Real Estate 0 Comments After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved… Read More→
Harnessing Momentum for Federal Cannabis Reform in 2022 February 10, 2022 Steve Hawkins Banking, Finance & Real Estate, Op-Ed 0 Comments By Steven Hawkins The energy behind federal cannabis reform – and criminal justice related to that reform – has reached a whole new level. Change requires coordination and cooperation across a wide range of stakeholders, and we need to speak… Read More→
Is There Light at the End of the Tunnel for CA Operators? February 7, 2022 Erik Ott Banking, Finance & Real Estate 0 Comments Many California cannabis entrepreneurs would like to forget 2021. The second half price implosion of flower combined with an unexpected dip in the market’s growth trajectory left even the most resolute of CA’s participants questioning their future. The driver behind… Read More→