First shares of pot-excise taxes to be distributed
The state’s cities and counties, including in North Central Washington, will receive their first chunk of marijuana excise-tax funds in 2016.
Archive for month: October, 2015
Week in Review: Line in the Sand on Banking, MMJ Acceptance in Chicago & Legalization Unity in Maine
/in MMJ Business Daily /by admarijuBy John Schroyer and Omar Sacirbey
The Federal Reserve gives marijuana businesses the cold shoulder, Chicago signals that it is embracing medical cannabis, and political unity emerges behind a legalization push in Maine.
Here’s a closer look at several notable … Read the article
G FarmaLabs Names New CEO
/in MMJ Business Daily /by admarijuOne of the most visible edibles brands in California announced on Wednesday that its founder and longtime CEO, Ata Gonzalez, is moving into a consulting role and will step down as head of the company.
The new CEO, Dr. … Read the article
LA Council Looks to Crack Down on Illegal Dispensaries
/in MMJ Business Daily /by admarijuThe Los Angeles City Council voted this week to bar officials from giving business tax certificates to new medical marijuana dispensaries, all of which are technically illegal under an ordinance voters passed two years ago.
Council members also want to … Read the article
MMJ Vaporizer Firm Lands $1.65M From Dutch Province
/in MMJ Business Daily /by admarijuA provincial council in the Netherlands will invest about $1.65 million in a company that is working on a vaporization system involving cannabis-impregnated pads.
The company, Spirocan, hopes to complete development next year and then begin clinical trials on patients, … Read the article
BioTrackTHC Sued By its Former Attorney
/in MMJ Business Daily /by admarijuOne of the leading software firms serving the cannabis industry has been hit with a lawsuit by one of its former attorneys over alleged violations of an employment contract.
The lawsuit – filed in a Broward County, Florida, circuit court … Read the article
Marijuana Startup Tradiv Closes $1M Funding Round
/in MMJ Business Daily /by admarijuTradiv, which runs an online platform that facilitates wholesale transactions in the cannabis industry, has cemented a $1 million round of funding to help fuel its growth.
The firm formally launched on Oct. 1 after finishing a business accelerator program … Read the article
Analysis: The New California Medical Marijuana Regulations
/in Marijuana Investment News /by admarijuIt is hard to underestimate the impact of the passage of Assembly Bill 243, Assembly Bill 266 and Senate Bill 643, the new troika of legislative efforts which finally creates the first regulatory framework for the state medical marijuana industry … Read the article
HerbFront Capital Waives Application Fee For Limited Time
/in Marijuana Investment News /by admarijuCHICAGO, Oct. 30, 2015 /Weed Wire/ — HerbFront Capital, the lending arm of nation’s first real estate exchange platform for the legal cannabis industry, is offering an exciting limited-time opportunity — waiving application fees for the first 10 clients.… Read the article
MyDx Details Mission for Crowdsourcing Data from CannaDx Users
/in Marijuana Investment News /by admarijuSAN DIEGO, Oct. 30, 2015 /Weed Wire/ — Daniel Yazbeck, Chairman & CEO of MyDx Inc. (OTCQB: MYDX), creator of MyDx™ (My Diagnostic), the first battery-operated, handheld, chemical analyzer for consumers, announced that the company will leverage its crowdsourced, … Read the article