Bipartisan Cannabis Business Banking Bill Goes to House Committee

On Tuesday, March 26th, the House Financial Service Committee will take up, debate and vote on the Secure and Fair Enforcement (SAFE) Banking Act, a bi-partisan bill addressing the cannabis industry’s banking crisis. A yes vote on the SAFE Act would represent a crucial milestone in federal marijuana policy and pave the way for major financial institutions to work with legal cannabis businesses. But just days ahead of the committee markup, a key sponsor of the bill moved to add provisions that would help to further diversity and inclusion across the industry. Continue reading “Bipartisan Cannabis Business Banking Bill Goes to House Committee”

Marijuana Decriminalization Bill Approved by Texas House Committee

Texas State Representative Joe Moody’s House Bill 63 made it out of the House’s Criminal Jurisprudence Committee on Monday on the power of a 5-2 vote in its favor. With the proposed legislation’s movement, it’s beginning to look more likely that Texas will see jail time taken off the table for those caught with small amounts of cannabis on their person. Continue reading “Marijuana Decriminalization Bill Approved by Texas House Committee”

More Seniors Seek Marijuana for Age-Related Aches

The group of white-haired folks — some pushing walkers, others using canes — arrive right on time at the gates of Laguna Woods Village, an upscale retirement community in the picturesque hills that frame this Southern California suburb a few miles from Disneyland.

There they board a bus for a quick trip to a building that, save for the green Red Cross-style sign in the window, resembles a trendy coffee bar. The people, mostly in their 70s and 80s, pass the next several hours enjoying a light lunch, playing a few games of bingo and selecting their next month’s supply of cannabis-infused products. Continue reading “More Seniors Seek Marijuana for Age-Related Aches”

MedMen Announces US$250 Million Investment From Gotham Green Partners

MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) (“MedMen” or the “Company”), is pleased to announce that it has signed a binding term sheet for a senior secured convertible credit facility of up to US$250,000,000 (the “Facility”) from funds managed by Gotham Green Partners (“GGP” or the “Investor”), an investor in the global cannabis industry. Management believes this is the largest investment to date by a single investor in a publicly traded cannabis company with U.S. operations.

Continue reading “MedMen Announces US$250 Million Investment From Gotham Green Partners”

My #1 Cannabis Stock Pick for 2019

I made a prediction for what I thought would be the strongest stock for 2017.

Since then, that little-known cannabis company quickly grew into Canopy Growth Corp. (NYSE:CGC, TSX:WEED), the largest cannabis company in the world with a market value of more than $12 billion.

Shares have skyrocketed up the chart!

Canopy is up more than 1,200% since I named it as my #1 cannabis stock for 2017. Continue reading “My #1 Cannabis Stock Pick for 2019”

Colombian Cannabis Leader up 90% in 4 Weeks and Just Getting Started

Colombia Landscape

The South American cannabis industry is set to grow into one of the largest cannabis markets in the world in the next 10 years.

According to The LATAM Cannabis Report from well-respected market research firm Prohibition Partners, medical cannabis sales in Latin America will explode to $8.5 billion in the next ten years, up from just $125 million in 2018.

Continue reading “Colombian Cannabis Leader up 90% in 4 Weeks and Just Getting Started”

Is the Clock Ticking on a KushCo Holdings Inc (OTCMKTS:KSHB) Breakout?

We often find that protracted and narrowing lateral consolidations within the context of longer-term upward trends offer some of the most interesting opportunities, and KushCo Holdings Inc (OTCMKTS:KSHB) appears to be a strong case in point at the moment. To help flesh the matter out, the company just announced it has signed a long-term development and distribution agreement with IEKO Corporation, for the production of compostable and biodegradable packaging products for use in the cannabis and CBD industries. Continue reading “Is the Clock Ticking on a KushCo Holdings Inc (OTCMKTS:KSHB) Breakout?”

Billionaire Nelson Peltz Joins Aurora Cannabis as Strategic Adviser

Billionaire investor Nelson Peltz is joining Aurora Cannabis Inc. as a strategic adviser and is receiving stock options that could make him the pot firm’s second-largest shareholder.

Peltz, whose New York-based Trian Fund Management LP has more than $10 billion under management, will advise Aurora on potential partnerships, the company said in a statement Wednesday. Aurora’s shares gained 8.5 percent to C$11.54 as of 10:43 a.m. in Toronto. Continue reading “Billionaire Nelson Peltz Joins Aurora Cannabis as Strategic Adviser”

Alaska Approves On-Site Marijuana Use

Alaska is associated with many good things: cold-weather cruises, salmon bakes, a 1996 feel-good movie starring Pete from Mad Men and a baby polar bear, TK. And now, we can add one more entry to the list: on Tuesday, Alaska Lt. Gov. Kevin Myers signed new legislation making the state the first to allow on-site consumption at licensed dispensaries. In layman’s terms, if you happen to be passing through the state and you’re over 21, it’s soon going to be totally cool to head into a store, buy a joint, and smoke up on-site. Continue reading “Alaska Approves On-Site Marijuana Use”