Tag Archives: marijuana

Cannabis Goes Legit

Although you would have expected it to come from the tobacco industry, the Fortune 500 is now getting deep into marijuana. Constellation Brands, the purveyor of wines and Corona Beer, according to the Wall Street Journal, “will spend 5.08 billion … Continue reading

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Credit Union Gets A Semi-Waiver For Cannabis Related-Business

In a rare compromise agreement, the Federal Reserve Bank of Kansas City has given conditional approval for Fourth Corner Credit Union to offer services to businesses that serve the legal cannabis industry in Colorado, but not state-licensed dispensaries. These businesses … Continue reading

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Cannabis Crowdfunding

Remember those huge wildfires in Northern California last year? They burned through a number of state-legal (and illegal) cannabis farms. The farmers started a crowdfunding campaign on YouCaring that were promptly closed as the site decided that since cannabis is … Continue reading

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SEC OKs Reg. A+ Cannabis Offering

Although still technically illegal under Federal law, the U.S. Securities and Exchange Commission has apparently cleared an offering by a cannabis grower. True Leaf Medicine International Ltd.  (issued a press release that it has received a notice of qualification from … Continue reading

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Crowdfunding Site Shutters Cannabis Raise

The wildfires in Northern California are very bad, killing 41 people and causing more than $3 Billion in property damage. Among those affected are cannabis growers who estimate crop losses affecting about 300 farms. So, the CA (Cannabis) Growers Association … Continue reading

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New Cannabis Oriented Crowdfunding Platform

If you really want to be on the cutting edge of finance today, then perhaps a crowdfunding campaign that intends to invest in the cannabis industry. That’s where Fundana is going. The company is the first ” Regulation Crowdfunding platform … Continue reading

Posted in accredited investor, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, SEC, Small Business, States, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Bank Kills Crowdfunding Effort

With the new Securities and Exchange Commission crowdfunding rules just effective, NextRX, a cannabis-related software firm began a fundraising campaign through StartEngine Crowdfunding in Los Angeles. Two days later, the web portal pulled the plug on the campaign. The SEC’s … Continue reading

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