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Raleigh N.C. Bank Tries To Carve Niche In Serving Cannabis Industry
North Carolina is one of 13 states that have no legal avenue for the use of medical marijuana, much less the sale and distribution of recreational cannabis. That hasn’t deterred a 100-year-old Raleigh bank, West Town Bank & Trust, from launching last...
N.H. House Committee rejects bills to legalize marijuana
The New Hampshire House Criminal Justice Committee rejected proposals Wednesday that would legalize and tax marijuana, and allow people to cultivate up to six plants per household. Get NHPR’s reporting about politics, the pandemic, and other top stories in your inbox...
Cannabis firm Jushi secures $100 million funding with 9.5% interest rate
Multistate cannabis operator Jushi Holdings secured a $100 million credit facility with a 9.5% annual interest rate to bankroll expansion in the company’s core and targeted U.S. markets. For the funding, Florida-based Jushi tapped a portfolio company of SunStream...
Bank Of America Cancels Account Of Marijuana And Psychedelics Research Institute Registered With DEA
The second-largest bank in the U.S. is shutting down the account of a research institute that’s federally authorized to cultivate and study Schedule I substances like marijuana and psilocybin mushrooms. Bank of America (BoA) abruptly notified the Scottsdale Research...
Cannabis Telehealth Company Catches On in Germany
In a sign that Europe’s cannabis market is gaining traction, the Frankfurt-based operator of a website that pairs patients with marijuana-prescribing doctors have closed a seed funding round while adding one of the industry’s biggest-name executives to its board. The...
Innovative Industrial Properties Expands California Presence With $60 Million Gold Flora Sale-Leaseback
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a 201,000 square foot industrial...
European Cannabis Market Leader Bloomwell Group Secures $10M Investment
Bloomwell Group has successfully closed a seed funding round of over $10 million dollars—the highest publicly known seed investment for a European cannabis company to date. The lead investor is U.S. growth capital provider Measure 8 Venture Partners, specialists in...
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