MainStem Closes Series B Investment Round At $2.175 Million Led By Merida Capital Partners

@goMainStem raises capital for expansion of #cannabis technology platform.

WASHINGTON: MainStem, a leading cannabis e-commerce technology company, announced that it has closed its Series B Investment round led by a Merida Capital Partners, a private equity fund. According to a company press release, MainStem intends to use the funds to expand the MainStem Affiliate (MAP) and the MainStem Vendor (MVP) programs including software development, sales and Read the full article…

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…

Aphria Selects Great North Distributors For Canadian Distribution Of Adult-Use Cannabis

Cannabis in Canada

CANADA: Aphria and Great North Distributors, a wholly-owned Canadian subsidiary of Southern Glazer’s Wine & Spirits, have signed an agreement for Great North Distributors to serve as exclusive manufacturer’s representative for Aphria’s adult-use cannabis products throughout Canada, following the legalization of recreational cannabis for adult-use anticipated later this year. Under the terms of the agreement, Great North Distributors Read the full article…

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…

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…

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…

Court Rejects Challenge To DEA’s Classification Of Marijuana Extracts

Court Rejects Challenge To DEA's Classification Of Marijuana Extracts

CALIFORNIA: A three judge panel for the Ninth Circuit Court of Appeals has denied a petition filed by the Hemp Industries Association challenging the DEA’s authority to establish a new administrative drug code specifically for marijuana extracts. The DEA first announced the proposed rule change in 2011, but did not enact the new policy until January 13, 2017. In a Read the full article…

PRØHBTD And Entrepreneur To Highlight ‘Top 100 Cannabis Leaders’

PROHBTD and Entrepreneur To Name Top 100 Cannabis Leaders

CALIFORNIA: Entrepreneur Media and PRØHBTD have forged an exclusive partnership to identify and salute the entrepreneurs leading the way in the burgeoning cannabis industry. Selected by a private committee of business leaders, these daring individuals and the companies they run will be highlighted in the inaugural “Top 100 Cannabis Leaders” list, which will be featured Read the full article…