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Foreign investors are rushing to buy cannabis companies
Foreign investors are quietly buying up domestic cannabis businesses, turning mom-and-pop shops into corporately owned storefronts and cultivation centers. It’s happening in the United States, and all over the world. As global interest in cannabis legalization...
Investors sour on cannabis after Democrats fail to help industry
The marijuana industry is in a deep financial funk. Stock prices have plummeted roughly 45 percent since mid-February, according to the AdvisorShares Pure U.S. Cannabis ETF, a popular gauge of the sector. Over the same time period, the broader S&P 500 is up...
Big Banks Vs. Cannabis: JPMorgan Reportedly Blocks Trading Of Some U.S. Marijuana Stocks
Banking giant JPMorgan Chase & Co.may restrict the trading of certain U.S. cannabis-related stocks starting November 8. According to Reuters, the company sent a letter to prime brokerage clients, citing compliance reasons: “J.P. Morgan (JPMS) has introduced a...
urban-gro invests $2.5 million in XS Financial Convertible Note Offering
urban-gro, Inc., a fully integrated architectural, engineering and cultivation systems integration company focused on the indoor Controlled Environment Agriculture (“CEA”) market, today announced participation in a convertible note offering of XS Financial Inc, a...
Federal Legalization Won’t Fix Cannabis Banking
Many people see federal cannabis legalization as the light at the end of the tunnel, believing a national market will cause the industry’s most pressing problems to vanish unconditionally. One such pressing problem is severely restricted access to...
Tilray Strikes A Deal With Luxembourg
Tilray, Inc a global pioneer in medical cannabis research, cultivation, production, and distribution, today announced it has been selected by the Luxembourg Ministry of Health as a supplier of Good Manufacturing Practice (GMP) certified medical cannabis products for...
Top IRS Official Says Marijuana Banking Reform Would Help Feds ‘Get Paid’
The Internal Revenue Service (IRS) would like to get paid—and it’d help if the marijuana industry had access to banks like companies in other legal markets, an official with the federal department said. She also talked about unique issues related to federal tax...
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