It’s the largest cannabis raise yet.
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New York-based Tuatara Capital has raised $93M to invest in the industry. It’s the largest known cannabis investment fund, so far.
It’s possible that Canadian cannabis companies could list on U.S. stock exchanges before American ones, since the Canadian outfits would have the support of their federal government. Last month, Ontario’s Canopy Growth became the first cannabis producer to trade on a major exchange (Toronto).
In Tampa, Regions Bank furnished a $100,000 credit line to nutrient and equipment business Efftec International. The bank’s parent company Regions Financial is a Fortune 500 company that trades on the New York Stock Exchange.
A member of the local health board wants Marin General Hospital in Greenbrae, Calif. to be the first hospital in the country where MED is used “openly and transparently.”
A European study found no correlation between cannabis use and an elevated need for health care services.
A Minnesota MED patient tells the story of her quest to relieve disabling back pain.
Denver lawyer Robert J. Corry writes that some patients do need 75 plants. Colorado recently limited the number of plants patients can have to 75, and suspended four doctors for recommending higher plant counts to hundreds of patients. Without special permission, Colorado patients can have six plants at home. The four doctors, who didn’t violate an established rule, have asked for their suspensions to be lifted.
Legalization in Canada could be the end of the country’s formal MED program.