Cannabis Sales On The Rise In North America

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

NEW YORK: The global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% between 2017 to 2024, while reaching a value of $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of robust growth because of increasing legalization and decriminalization Read the full article…

Washington State Legal Cannabis By The Numbers: February 1, 2018 – May 17, 2018

LCB Leaf Data

WASHINGTON: The below statistics cover activity in Leaf Data Systems for the time period between February 1, 2018 and May 17, 2018.    

CanPay Expands Services To Include Cannabis Ecommerce

debit payment solution now available in 120 retail locations across 14 states

Debit Payment Solution Now Available in 120 Retail Locations Across 14 States COLORADO: CanPay, a leading debit payment solution for the cannabis industry, has begun offering ecommerce payment solutions.  In addition to expanding payments online, CanPay has doubled the number of states it operates to 14, including: New York, Pennsylvania, Massachusetts, New Hampshire, Michigan and New Mexico. Read the full article…

Montel Williams’ Lenitiv Scientific And Cura Cannabis Solutions Announce Deal

Montel Williams’ Lenitiv Scientific And Cura Cannabis Solutions Announce Deal To Produce Williams’ Lenitiv line

Lenitiv’s Hemp-Derived CBD Line Launches Nationwide OREGON: Cura, a leading provider of cannabis oil, has reached an agreement to produce a hemp-derived and a cannabis-derived line for Lenitiv. Lenitiv’s hemp-derived CBD Capsules are available online and can be shipped widely. The product was developed and formulated by media personality and Multiple Sclerosis (MS) survivor Montel Williams—one Read the full article…

Cannabis PE Firm Merida Capital Partners Exceeds $50 Million In Assets Under Management

“Merida continues to see an acceleration of institutional interest in our core strategy,”

NEW YORK:  Merida Capital Partners, a private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry, announced it has crossed $50MM in assets under management and closed transactions in nine companies in its second Fund. With the full deployment of Merida’s first tranche of Fund II and the opening of the firm’s Read the full article…

AltMed Raises $35.4 Million To Fuel Growth In Florida, Arizona & Internationally

Marijuana is big business

FLORIDA: Alternative Medical Enterprises, a fully integrated company that brings pharmaceutical industry precision to the development, production and dispensing of medical cannabis, announced it has closed a private placement financing of $35.4 million with an affiliate of MainLine Investment Partners and other investors. “This Financing will help us to conduct a robust launch in the massive medical marijuana marketplace Read the full article…

Wiz Khalifa And Rae Sremmurd Co-Headline Dazed & Blazed Summer Amphitheater Tour

Wiz Khalifa And Rae Sremmurd Announce Co-Headline Dazed & Blazed Summer 2018 Amphitheater Tour

CALIFORNIA:  Multi-platinum selling artists Wiz Khalifa and Rae Sremmurd (Slim Jxmmi and Swae Lee) today announced their co-headlining Dazed & Blazed Summer 2018 Amphitheater Tour, produced by Live Nation. The two rap and hip hop superstars will be joined by Lil Skies and OT Genasis as support on various dates of the outing. The 27-city summer amphitheater tour will kick Read the full article…

Canopy Growth Submits Application To List On The NYSE

Canopy Growth Announces Application to List on the NYSE

CANADA: Canopy Growth Corporation announced it has applied to list its common shares on the New York Stock Exchange. The Company currently anticipates that, subject to the receipt of all required approvals, its common shares will begin trading on the NYSE before the end of May 2018. In advance of listing on the NYSE, Canopy Growth will Read the full article…

OLCC Commissioners Ratify Stipulated Settlement On Recreational Marijuana License

OLCC news

OREGON:  At its monthly meeting April 19, 2018, the Commissioners of the Oregon Liquor Control Commission ratified the following fines and/or marijuana license suspensions and destruction orders based on stipulated settlement: Jenny’s Dispensary, Deschutes County; will pay a fine of $6,105 or serve a 37-day recreational marijuana retailer license suspension for two violations.  The first violation is for the licensee or its employees, agents, or representatives Read the full article…

Mentor Capital Adds $2.3 Million To Cash and Cannabis Investment In 1st Quarter 2018

Marijuana is big business

First Quarter 10-Q Filing for Marijuana and Cannabis M&A Company CALIFORNIA: Mentor Capital announced that it has filed its quarterly 10-Q filing for the first quarter ended March 31, 2018, with the Securities and Exchange Commission. For the quarter ended March 31, 2018, Mentor had revenues of $1,016,199 and gross profit of $345,707 with a resulting Read the full article…