High & Dry: Banking crisis to further choke funding for cannabis sector March 24, 2023 AggregatedNews Banking, Finance & Real Estate 0 Comments March 24 (Reuters) - The global banking turmoil threatens to squeeze U.S. cannabis companies already struggling with meager funding sources by drying up support from regional lenders and tightening fundraising from alternative avenues. Most U.S. banks do not service cannabis… Read More→
Canopy Growth: How We Got Here February 15, 2023 Brian MacIver Company Stories, News & Insights 0 Comments On Feb. 9, 2022, Canadian cannabis titan Canopy Growth announced its latest round of layoffs and facility shutdowns, including its departure from its flagship facility at the former Hershey’s chocolate plant in Smiths Falls, Ontario. “The Canadian business transformation plan,”… Read More→
What data should Cannabis Operators use to drive decisions August 24, 2022 Dave McManus Accounting, Banking, Finance & Real Estate 0 Comments Data and finance are increasingly linked, and cannabis dispensaries that are growing fast – or facing headwinds – should be on the lookout for information that helps them adapt. Gathering the right analytics has become top of mind for financial… Read More→
8 Tips for a Winning Cannabis License Application March 16, 2021 Arabo Beiki News & Insights 0 Comments Whether it is a mature cannabis market like California or expanding markets like New Jersey and New York, the prudent time to take advantage of the “green wave” is always sooner than later. To be directly involved in a cannabis… Read More→
Did the Tax Cuts and Jobs Act Remove the Teeth of 280E? August 14, 2019 Ben Condon Best Practices, Policy & Legal, Retail 0 Comments It seems that a cannabis dispensary could make a very strong case to run a portion of rent, payroll, utilities, security, and other overhead items through cost of goods sold... Read More→
Senators Vote To Block Marijuana Banking Amendment June 27, 2018 AggregatedNews Banking, Finance & Real Estate 0 Comments A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks. In a 21 - 10 vote, the Senate Appropriations Committee tabled an amendment on Thursday that would have shielded financial institutions that open accounts for cannabis… Read More→
New York Medical Marijuana Industry Struggling To See Profits August 8, 2016 AggregatedNews New York 1 Comment Andy Williams projects 2016 will be another good year for his marijuana business. The Medicine Man CEO estimates the company is valued at about $30 million, with some $18 million in revenue projected for 2016. So goes business for a… Read More→
Marijuana Investors Say Money Is Pouring In “Like A Floodgate” August 2, 2016 AggregatedNews Industry People 0 Comments The cannabis industry is starting to see some serious investment activity. Over the last few years, a new wave of cannabis-finance companies have formed to capitalize on the green rush. Companies like Tuatara Capital,Seventh Point, Poseidon Asset Management, and Privateer… Read More→
The Ticking Time Bomb That is Marijuana Banking March 28, 2016 John Hollon Banking, Finance & Real Estate 0 Comments Here's a question I never hear anyone asking: How long will it be before the Cannabis Industry's banking halts the growth of the industry? I started thinking about this while reading a recent story from Government Technology (their tagline is, "Solutions… Read More→
Why Marijuana Businesses Still Can’t Get Bank Accounts March 22, 2016 AggregatedNews Banking, Finance & Real Estate 0 Comments DENVER — Tim Cullen’s marijuana business brought in millions of dollars last year, but he’s had a hard time finding a bank to take the money. He’s cycled through 14 checking accounts in six years. Recently, he said, a bank… Read More→
Wall Street Vets Are Putting Their Money Into a “Weed Exchange” March 8, 2016 AggregatedNews Banking, Finance & Real Estate 0 Comments Legal marijuana is a $5 billion business in the U.S., and Steve Janjic figured he’d get a piece of it. With a commodity exchange. For a product that can’t be transported across state lines. Not to worry. “It’s never easy… Read More→
Is a Big Shakeout Coming For Marijuana Stocks? April 22, 2015 John Hollon Banking, Finance & Real Estate 1 Comment Investing in public marijuana company stocks is hot, but the risks might leave many out in the cold. Last year the sector experienced double-digit gains, indicating that marijuana is emerging as a legitimate investment opportunity. The Viridian Cannabis Stock Index of… Read More→