Sentences with phrase «of cannabis companies»

Would rescheduling affect the tax status of cannabis companies?

The result is that 70 percent of cannabis companies don't have a bank account.

While 30 percent of cannabis companies have a bank account, no cannabis company can accept debit or credit cards because companies like Visa and Mastercard will not give the industry merchant accounts until federal law changes.

«I don't think it's realistic for Trump to wage an all - out war against recreational marijuana,» says Aaron Herzberg of CalCann Holdings, a portfolio of cannabis companies and brands in California.

So if an entrepreneur of a cannabis company came to LegalZoom seeking legal advice, what would you do?

Victoria's Emerald Health Therapeutics Inc., a licensed medical marijuana producer, said Wednesday that an unnamed, «Canadian institutional accredited investor» had agreed to buy a $ 25 - million chunk of the cannabis company through a prospectus and secondary sale.

Not exact matches

The company breaks out grams sold by dry cannabis versus oils, which is not common across the sector, as well as the number of grams produced suitable for sale.

«There is a material risk that if the Obama era policies regarding cannabis are not followed, our business could end and investors could lose their total investment in our Company,» wrote The Marijuana Company of America.

• MTech Acquisition, an Orlando - based blank check company formed to acquire a cannabis - related firm, filed for a $ 50 million IPO of 5 million units.

Six of the marijuana companies filed documents mentioning Attorney General Sessions specifically, who has been outspoken in his opposition to legalized cannabis.

In its 2017 State of Cannabis report released earlier this year, California marijuana delivery company Eaze reported that edible sales have increased as more people learn best practices for proper dosing.

Lerer Hippeau recently led an investment in a cannabis media company out of Canada.

MedMen, the cannabis company with west coast locations from Los Angeles to Las Vegas, wants its flagship store in New York City to contribute to their larger goal of destigmatizing use and moving beyond «stoner culture.»

Former Speaker of the House John Boehner joined a board of advisors for cannabis company Acreage Holdings earlier this month after changing his own views on cannabis.

«Regulations around cannabis are changing rapidly around the world, along with social acceptance,» says Derek Riedle, founder and CEO of the cannabis and lifestyle media company Civilized.

On top of the risk of federal prosecution, IRS targeting and asset seizure, cannabis entrepreneurs have to cope with the hazards of conducting a business that deals mostly in cash, since a majority of traditional financial institutions — banks, credit card issuers, and payment transaction companies — won't provide services to the industry.

That figure removes the impact of international accounting rules for the agricultural industry that requires cannabis companies to record the value of their plants as income as they grow, before the product is sold, lifting the bottom line.

Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, says his companies are expanding abroad while the U.S. Drug Enforcement Agency and the Food and Drug Administration debate whether or not to treat the plant as a medicine or keep it in the same category as heroin.

It's possible that some tobacco behemoths would buy up existing cannabis companies, but Clayton notes that «the chance of a takeover is never really a good reason to buy a stock.»

MMJ Phytotech has announced plans to spin - out its medical cannabis - focused Canadian subsidiaries onto the TSX Venture Exchange through the reverse takeover of a resources company.

Shares in TW Holdings slumped sharply today after it announced a backdoor listing of medical cannabis company AusCann Group Holdings, the second deal of this type involving members of the Washer family.

-- Melissa A. Vitale, founder of Melissa A Vitale PR, a PR firm specializing in top - tier media placements that hit six - figure revenue in its first six months, with clients including Fortune 500 companies and startups across A.I., sexual wellness, and legal cannabis

The developer of a gun safety device has become the fifth Israeli company in the technology or medical cannabis sectors to pursue a listing on the ASX through either an IPO or a reverse takeover of a moribund WA mining company.

A wearable technology company founded by Perth entrepreneur Justin Miller and an Israeli medical cannabis company are the latest businesses planning to join the rush of backdoor listings on the ASX, though the news is not all positive with Voyager Global Group becoming the seventh company forced to cancel an announced deal in the past 18 months.

MGC Global, which is currently the takeover target of Perth - based Erin Resources, has signed a $ 60 million agreement to sell its cosmetic cannabis product to a European cosmetic production company.

Three Vancouver companies told CBC Toronto there is a lot of demand from people looking to move away from traditional medicines to cannabis.

Murdoch University has partnered with a Perth company which plans to use cannabis as a medicinal product, a day after scientists from the University of Western Australia said cannabis use could damage a person's DNA.

He founded his company Weedmaps, a sort of Yelp for marijuana dispensaries, in 2008, and now serves on the board of directors for the National Cannabis Industry Association, the Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as treasurer.

The company offers a range of cannabis products, including carbonated beverages, fudge bars and oil cartridges for vaporizer pens.

Even though medical marijuana is legal in California, cannabis companies are still at risk of being shut down because the laws are still being developed.

(In the fragmented, state - regulated cannabis market, it is illegal for companies to ship marijuana products out of state.

Smoke also blanketed huge swaths of Northern California last week, which presents a more widespread concern for the marijuana industry, according to Nick DiNicola, whose company, DiNicola Insurance Services, brokers insurance for companies in the cannabis space.

The software connects to the cannabis company's point - of - sale system as well as the state's seed - to - sale system, which follows marijuana plants from the grow house until they're sold to a customer, to monitor the business and ensure compliance.

Aside from technology, the company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational marijuana.

A number of plan sponsors have moved to cover medical cannabis costs over the years, Zaid noted, including the University of Waterloo's student union, the Arthritis Society, Loblaw Companies Ltd., the Ontario Public Service Employees Union (OPSEU), and the Labourers» International Union of North America.

It added that the regulator has also told the company in a letter dated Feb. 8 that Maricann chief executive Ben Ward is the subject of an investigation into his activities while he was CEO of Canadian Cannabis Corp., a wholly unrelated company.

Finance Minister Carlos Leitao said more than 42,000 kilos of cannabis would be produced in Quebec, even if five of the six companies named in the deals are headquartered in other provinces.

Sun Life will also conduct periodic reviews of the growing body of clinical research supporting the use of medical cannabis for other conditions, and update its criteria if necessary, the company said in a document updating their client base of 22,300 plan sponsors.

On Jan. 24, the company announced a proposed acquisition of all outstanding shares of Haxxon AG, a cultivator of female hemp cannabis flowers based in Regensdorf, Switzerland.

The company has a dozen edible offerings and hundreds of dispensaries in California, Arizona, Nevada, and Illinois — and nabbed a «best edible» award at the San Francisco and Los Angeles High Times Cannabis Cup in 2013.

When complete, Maricann's facility is expected to produce 95,000 kilograms of dry cannabis flower per year, the company says.

«Growing a modern media company, it was important to call on the advice of seasoned people,» said Derek Riedle, founder, CEO and publisher at Civilized, a distinctive industry publication aimed at elevating cannabis culture.

Here's how Lorne Gertner, described as the «godfather of the Canadian cannabis industry» on the websites of multiple pot companies he's involved in, sees Canada's cannabis industry developing.

Arcview Market Research has positioned itself as among the foremost companies in interpreting analytical data on the sale and distribution of cannabis.

Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, explains how Tilray is already exporting marijuana to countries like Croatia and Australia for use in clinical trials.

Former Philadelphia real estate broker turned developer David Dinenberg (he worked with David Grasso on the Valley Square center in Bucks) says he has raised $ 2 million, from investors including Lindy Snider, daughter of Comcast Spectacor chairman Ed Snider, for his firm Kind Financial, a Los Angeles company that bills itself «the financial solutions platform provider for the quickly - growing legal cannabis industry.»

Shares of GW Pharmaceuticals PLC - ADR (NASDAQ: GWPH) were halted Thursday, ahead of a Food and Drug Administration vote on the company's cannabis -...

In Oregon, all - cash investors rushed into buy 10,000 - to 30,000 - square - foot buildings in 2014, Brooks said, with the plan of renting them to cannabis companies upon legalization.

Shares in two of Canada's three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday.

The share prices of Medivie and Together are down slightly today, but the share prices of the companies that entered the cannabis field last week are still rising.