Marijuana Industry Hosts Big, Three-Day Investor Summit In Denver

All were convinced that the ongoing legalization of marijuana has created an opportunity for people with a high tolerance for risk to make a killing.

COLORADO: The convention floor at Denver Airport’s Crowne Plaza this sunny Tuesday afternoon in April could be the trade show for any well-established industry — gray-haired execs in conservative suits mingling with office park dads in polos and fresh-out-of-college types in brand-emblazoned T-shirts. Only this is a new kind of business conference with a special Colorado Read the full article…

Marijuana Financier Sees Profit In Restrictions

Homeowners in a Vancouver Island community are raising a stink about a medical marijuana grow operation they say is driving down their property values.

WASHINGTON:  MJ Holdings (MJNE) is aggressively seeking to acquire real estate in Washington state for the purpose of leasing to regulated marijuana-related businesses. The Florida-based penny stock company plans to ante up $100 million towards warehouses for growing and small retail properties to serve as dispensaries. “There is a demonstrated urgency in Washington for capital support for Read the full article…

Canada Opens Floodgates For Marijuana Investments In The U.S.

Canada opens the way for US investors of medical marijuana.

CANADA:  It’s a thorny subject, no matter whom you talk to or whether it’s in the U.S. or abroad. The debate over legalizing marijuana – be it medical or recreational — has raged for decades, and has only just started to see the seeds of fruition stateside. Now, however, Canada is weighing in on this Read the full article…

Illinois Investors Jump Into Marijuana Business

Illinois investors jump into marijuana business.

ILLINOIS:  Investors around Illinois are jockeying for positions in the marijuana business as they wait for the state’s new medical marijuana law to kick in. And some of them are politically connected. According to the Springfield bureau of Lee Enterprises, Sam Borek has reserved at least three-dozen marijuana-related business names. Borek was a college roommate Read the full article…

Legal Weed Lures Investors To Marijuana Industry

Cannabis Industry pioneers meet to network in Seattle at the Washington Marijuana Business Association (MJBA) monthly meetup.

COLORADO: Robert Frichtel is chief executive officer of Advanced Cannabis Solutions, a Colorado Springs company that leases indoor spaces for growing pot. On Jan. 23, he and representatives of 11 other marijuana companies will seek funding from as many as 70 investors at a Las Vegas meeting organized by ArcView Group, an investment firm focused on Read the full article…

Joint Venture: Medical Marijuana Entrepreneurs Seek Out Unusual Backers

“What you’re seeing is people with deep pockets and professionals from other industries are the ones getting involved, not necessarily the guy who’s been growing marijuana in his basement for the last decade.”

MASSACHUSETTS: Shut out of traditional bank loans, budding entrepreneurs who want to sell medical marijuana in Massachusetts have been forced to get seed money from a host of unconventional sources — from restaurant and nightclub owners to friends and family, landscapers and even former legislators.

Joint Venture: Medical Marijuana Entrepreneurs Seek Out Unusual Backers

The state attorney general's office asks federal health and education officials for Colorado's colleges and universities to "obtain marijuana from non-federal government sources" for research purposes.

MASSACHUSETTS: Shut out of traditional bank loans, budding entrepreneurs who want to sell medical marijuana in Massachusetts have been forced to get seed money from a host of unconventional sources — from restaurant and nightclub owners to friends and family, landscapers and even former legislators.

For Marijuana Entrepreneurs, Sticky Red Tape Remains In Colorado

Would-be pot backers are still being blocked by a Colorado rule that requires investors to qualify as state residents for three years before making equity investments in the marijuana business—a restriction that doesn’t apply to other industries.

COLORADO: Once a quarter for the past two years, the ArcView Angel Investor Network plays matchmaker between individuals curious about investing in the newly legal marijuana market and pot entrepreneurs who need capital to expand. Skeptical financiers at each of these pitch sessions have had to price in an enormous risk: that even with more states Read the full article…