Thursday, November 23, 2017

Finance

Finance
Denver-based Hoban Law Group has announced plans for major global expansion, as well as a new addition to their team of attorneys. The "cannabusiness" law firm will open four offices in the European Union by Fall 2017, and is...
California Treasurer John Chiang has announced a plan to create a state bank that would work with marijuana businesses. Recreational sales of marijuana are expected to begin in January for California. But because of federal law, dispensaries and growers will...
By 2021, the international marijuana industry is expected to be worth $31.4 billion. The marijuana industry continues to grow at a historic pace and could soon be creating jobs and tax revenues across the world in a few years. According to...
Businesses operating in the cannabis market soon will be able to access traditional bank credit. When this happens, every aspect of the market—grower, manufacturer, wholesaler, distributor, dispensary, and retailer—will have access to credit, provided they meet creditworthiness norms. From...
Companies serving the cannabis market need to establish good policies and procedures. Granting credit has not yet become standard in the cannabis market, but as discussed in my article “Trade Credit in Cannabis,” published in the May issue of mg,...
MassRoots, known for their marijuana friendly social media platform, has acquired CannaRegs Inc. for a $12 million. CannaRegs is known for supplying software that tracks changes in marijuana law and helps businesses stay in compliance. CannaRegs, formed by in 2014 by...
Products derived from hemp are increasing in popularity. As impressive as recreational marijuana sales have been, hemp products could also be on the verge of becoming a giant industry. Brightfield Group has released a new report predicting that hemp-derived cannabidiol (CBD)...
The credit application is important for cannabis businesses

The Credit Application

Granting credit has not yet become standard in the cannabis market, but as discussed in my article “Trade Credit in Cannabis,” published in the May issue of mg, I believe it will be in the future. Therefore, it is...
The BoE board member and cannabis industry banking advocate is running for California State Treasurer in 2018. LOS ANGELES – A small but enthusiastic group of supporters gathered at the lush Hollywood Hills residence of Advanced Nutrient’s Michael “BigMike” Straumietis...
What you need to know to create a smart trade policy. We attended the MJBIZ show in Las Vegas last fall and were fortunate to speak with many companies that operate in virtually every aspect of the emerging cannabis market....

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