It has raised more money than almost anyone else.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
Privateer Holdings, parent company of Leafly and other cannabis brands, raised $40M bringing its total to more than $100M.
One of the biggest cannatech raises to date.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
Delivery service Eaze raised $13M from venture capitalists including the Winklevoss Brothers.
Cannabis has a $2.4 billion economic impact in Colorado, according to a report from the Marijuana Policy Group. It predicts that sales in the state will plateau at $1.5 billion in 2020. The industry has created18,000 jobs in the state (not all of them directly) and is bigger than Colorado’s craft beer industry.
Potentially a model for the country as well.
Here’s your daily round up of pot news, excerpted from the newsletter WeedWeek.
Politico explains how California’s REC initiative, if passed, will disrupt the existing supply chain and provide a windfall to distributors. No other state has a similar model.
A majority of California Latinos oppose legalization, though it’s somewhat more popular among younger voters.
Irvine, Calif.-based Weedmaps is full of bogus dispensary reviews, according to an investigation by the L.A. Times.
Reporter Paresh Dave looked at nearly 600 businesses reviewed on the site and found that 70% included reviews submitted from a single IP address (i.e. a single computer). A textual analysis found that 62% of reviews on the site are “fake.”
Weedmaps, a Yelp-like service with operations in several states, had stored the IP addresses of anonymous reviewers, in its publicly available code. A Weedmaps executive said the 62% figure is far too high, and emphasized that reviews are only part of the product.
| Washington D.C. |
The Washington D.C. Board of Elections Tuesday approved a ballot measure that would legalize the possession and cultivation of limited amounts of cannabis for adults 21 and up. Supporters now have to have to finalize the language on the measure in the next 20 days and will begin collecting signatures after that to get the proposal on the November ballot.
The moves comes despite warnings from the Washington D.C. city attorney general that passing such a bill would force a confrontation with the U.S. Congress which must give final approval to any changes to D.C. law. Congress could block the law with approval from the president.