Banking, Finance & Real Estate Archives - Page 8 of 38 - Cannabis Business Executive - Cannabis and Marijuana industry news

Where to Find Money to Expand Your Cultivation Business

A cultivation business may meet the criteria for expansion at home or abroad, but it's unlikely that a young cultivation business will have the capital necessary to fund an expansion project. Fortunately, money is much easier to find for expansion…

Banking Solutions Available Despite Difficulty Tax Code Causes for Cannabis Industry

The Current State of 280E and Recent Legal Action The impact of tax code Section 280E removes a marijuana-related business’s ability to claim tax breaks as normal commercial, medical, or agricultural businesses. Effectively, 280E forbids businesses from deducting business expenses,…

Tilray eyes U.S. cannabis market with MedMen move, stock gains in late trading

Canadian pot company buying convertible notes of downtrodden U.S. brand as Tilray seeks approval to issue more shares for deal Canadian cannabis company Tilray Inc. has its eyes on the U.S. Tilray TLRY, announced Tuesday afternoon that it has agreed…

Healthcare & Pharmaceuticals U.S. cannabis firm PharmaCann plans IPO as New York weed legalization lifts demand -sources

Aug 16 (Reuters) - PharmaCann, one of the 10 original cannabis licensees in New York, has confidentially filed for an initial public offering that could value it at well over $1 billion, sources familiar with the matter told Reuters. The…

Cannabis CEOs signal confidence on marijuana banking law passing

Marijuana advocates have been stacking victories over the last few years at the state level with nearly 20 U.S. states having now approved adult recreational marijuana use. But even as momentous as those changes have been, reform at the federal…

Recreational cannabis is almost here: where should the stores put their money?

August 9, 2021
AggregatedNews
Banking, Finance & Real Estate, New Mexico
0 Comments

ALBUQUERQUE, N.M. — As of July, cannabis is legal to grow, possess and use recreationally in New Mexico. However, the drug is still illegal at the federal level, which means that getting access to bank accounts, loans and other financial…

Marijuana reform: Sen. Cory Booker clarifies stance on key banking bill

After introducing new draft legislation last week to end the federal prohibition of marijuana alongside Senate Majority Leader Chuck Schumer (D., N.Y.) and Sen. Ron Wyden (D., Oreg.), Sen. Cory Booker made it a point to emphasize that any marijuana…

The CanCoin – And Its Backers’ Ambitions To Become Europe’s ‘Cannabis Central Bank’

SUCCESSFUL Swedish crowdfunding entrepreneur Daniel Daboczy has turned his attention to cannabis with the launch of The CanCoin digital currency. Mr Daboczy made his name with the FundedByMe platform which launched in 2012. It has supported over 650 companies, raising…

New Listing Proposals Could Exclude Cannabis Startups From The London Stock Exchange

PROPOSALS to set a minimum valuation level for companies looking to list on the London Stock Exchange could limit the number of cannabis entrants to the market. A new consultation paper from the Financial Conduct Authority recommends that only companies…

California Cannabis Tenant Improvements: Top 7 Issues

by Griffen Thorne, Attorney @ Harris Bricken Every single business that wants a cannabis license in California needs to buy or lease property, because licenses are tied to properties. Cannabis businesses usually opt for leases rather than purchases given the…

U.S. pot sellers stash cash as banks leave them high and dry

The U.S. cannabis business has a very particular cashflow problem -- too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them and in…

‘A Land Grab’ for a Piece of New York’s Marijuana Business

May 5, 2021
AggregatedNews
Banking, Finance & Real Estate, New York
0 Comments

Cannabis companies and brokers are rushing into what could be a $4.2 billion industry, but for all the excitement, there are significant challenges. It has been only five weeks since New York State legalized the use of recreational marijuana. The…

Banking in Cannabis 2021: What to Expect This Year

The U.S. cannabis industry has seen major growth over the last few years in regard to both new legalizations across the country and record-breaking retail sales year-over-year. However, banking and payments have largely remained a stagnant and ongoing hurdle for…

Congress Passes Marijuana Banking Reform, But Cannabis Is Still Cash Only—For Now

In a bipartisan vote, the US House of Representatives on Monday approved reform of federal banking rules that would finally allow legal marijuana businesses to access banks. Now, ending a dangerous and unwieldy cash-only cannabis industry—and encouraging investment that would diversify and…

The Evolution of Cannabis Real Estate Finance

One unifying frustration across the breadth of legal cannabis operators in the United States is how expensive it is to open a new location. Licensing application fees, real estate costs and costly consulting fees on top of traditional start-up costs…