Photo: CNBC |
Trish Regan, CNBC: “The government stands to make a lot of money in the marijuana business thanks to the tax revenue and licensing fees it generates” |
Photo: CNBC |
Trish Regan, CNBC: “The government stands to make a lot of money in the marijuana business thanks to the tax revenue and licensing fees it generates” |
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.
It could be a rare chance for ordinary investors to buy into the Green Rush.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
Innovative Industrial Properties, a cannabis Real Estate Investment Trust (REIT), filed to go public on the New York Stock Exchange. Led by experienced real estate executives, it plans to sell $175M worth of shares. The deal is the first of its kind.
The company applied to trade on NASDAQ earlier this year but was rejected.
Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.
Social network MassRoots, defaulted on almost $1 million in debt payments and laid off about 40% of its staff, according to SEC filings. This week Chairman and CEO Isaac Dietrich, wrote an upbeat letter to shareholders that did not reference either setback. The company has raised more than $5 million.
it’s another security concern dispensaries face.
The following is excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.
Ryan Kunkel, owner of Seattle dispensary Have A Heart alleges that a recent robbery was an inside job.
Mexican police executed more than 42 suspected gang members on a ranch last year.
The Justice Department said it would stop using private prisons on grounds that they’re more dangerous and less well run than public prisons. The move does not apply to most prisoners in the country, who are incarcerated under state laws.
www.leafly.com/ny |
As advertising executives across the country pull what’s left of their hair out trying to sell enough adspace to keep main stream print media from completely going under, the one major money market that they have completely left untapped is medical marijuana. Until now, that is.
You may recall, it was just three short months ago when CBS pulled paid-for Weedmaps advertisements off of Times Square billboards just minutes before they were scheduled to be unveiled. But times, and opinions, are changing when it comes to weed, and now the New York Times has announced that it will run the publication’s first full page advertisement for what they refer to as the “consumer cannabis” market.
Santa Rosa Press Democrat |
Mendocino County Sheriff Tom Allman: “We are, of course, supportive of legitimate medical marijuana here.” |
Grow Light Gallery |
The Sentence Salvo |
There are so many books relating, directly and indirectly, to the world of cannabis that it can be tough to know which ones to buy.
Very Sherry |
Marijuana legalization is by far the top issue on the White House’s “We the People” site, leaving other online petition requests in the dust, a new review shows.