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Tuesday, June 19, 2018

Finance

Finance
WASHINGTON, D.C. -- A congressional committee decided against amending banking rules for the cannabis industry.If enacted, the new regulations would have prevented the U.S Department of Treasury from attempting to "penalize a financial institution solely because the institution provides...
DENVER–In what turned out to be a big week for cannabis, Colorado Governor John Hickenlooper (D-CO) drew the criticism of medical marijuana and cannabis industry advocates last week by vetoing three legislative bills that would have increased access to...
Washington D.C.–U.S. Senators Elizabeth Warren (D-Mass.) and Cory Gardner (R-Colo.) and U.S. Representatives David Joyce (R-Ohio) and Earl Blumenauer (D-Ore.) today introduced the Strengthening the Tenth Amendment Through Entrusting States Act (STATES Act), which would “ensure that each state...
OTTAWA – History is expected to be made today, as the Canadian Senate is poised to vote on nationwide legalization of recreational cannabis. If Bill C-45 is approved, as is widely anticipated, Canada will become the first G7 nation...
EDMONTON and MARKHAM, Ontario – Canadian cannabis company Aurora Cannabis Inc. announced Monday that it will acquire cannabis producer Markham-based MedReleaf Corporation in an all-stock deal worth $3.2 billion."This is a transformational transaction that brings together two pioneering cannabis...
WASHINGTON D.C.–A recent policy change at the Small Business Administration (SBA) would prevent any businesses associated with the cannabis industry from accessing SBA-backed loans–even businesses like hydroponic companies, web/IT designers, and hard goods manufacturers, among others.News network CNBC originally...
NEW YORK – The Associated Press reported today that embattled Trump attorney Michael Cohen might have connections in the cannabis industry.The FBI investigation into his financial dealings has revealed that Cohen and his father-in-law have lent $26 million to...
DENVER–Cannabis marketing agency Cannabrand has announced a merger with Voyage Business Resources. The joint venture will allow Cannabrand to expand on its already robust roster of branding and business services for emerging cannabis businesses, start-ups, entrepreneurs, and investors.“When I...
White House officials announced today that President Donald Trump, after recent talks with Colorado Senator Cory Gardner, has personally directed the Justice Department to desist on any potential crackdowns in states with legalized recreational marijuana.The assurance from Trump could...
FINCANN Chief Executive Officer Nathaniel Gurien said he's always been a risk-taker. At 65, he's spent most of his career in global consumer electronics commerce. Although the marketplace was hyper-competitive, he succeeded by taking advantage of differences in pricing,...

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