Here’s why these three cannabis stocks are in better shape than most others in the market. Take a deeper look into GW Pharmaceuticals, Insys Therapeutics, and Aphria.
Tag Archives: Cash
Wellness Connection of Maine Now Offers Debit Payment Option
PORTLAND, Maine, March 16, 2017 /Weed Wire/ — Wellness Connection of Maine (WCM), the state’s largest medical cannabis operator, now offers members the ability to pay for cannabis without using cash. A new mobile app, CanPay, is the first of its kind technology for the cannabis industry.
MassRoots Retires All Remaining Convertible Debt
DENVER, March 15, 2017 /Weed Wire/ — MassRoots, Inc. (OTCQB:MSRT), one of the leading technology platforms for the cannabis industry, is pleased to announce it has retired all convertible debt on its balance sheet.
Medical Marijuana Dispensary in Vegas Robbed at Gunpoint
The Las Vegas Metropolitan Police Department reports that a medical marijuana dispensary was robbed at gunpoint on Wednesday.
Here’s Why California’s Pot Industry Is Cash-only
Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
MassRoots Receives $2.0 Million in Proceeds from Warrant Exercise
DENVER, Jan. 11, 2016 /Weed Wire/ — MassRoots, Inc. (OTCQB: MSRT), one of the leading technology platforms for the cannabis industry, is pleased to announce it has received over $2.0 million in cash proceeds from the exercise of warrants so far in 2017.
Millions in Cash Put Washington Marijuana Businesses at Risk
A break-in captured on video at a Seattle marijuana shop is just the latest in an increasing string of violent robberies, prompting renewed calls for Congress to authorize banks to do business with legal pot retailers, growers, and processors.
Jane Announces Program That Combines Banking, Transport and Cash Management To Solve the Cannabis Retailer’s Biggest Challenge
DENVER, March 9, 2016 /Weed Wire/— Jane, the kiosk solution for cannabis retailers, announced an exclusive program that combines Banking, Cash Transport and Cash Management.
The New Market of Marijuana Money Management
While marijuana and its related products have been for sale in Washington state for over a year now, the financial aspect of the business is still a bit on the hazy side.
Solving the Cash-Only Issue at the Root
Ed Perlmutter, a Democratic congressman who represents a district just to the north and west of Denver, has introduced HR 2076, addressing the federal barriers to banking for state-legal marijuana businesses.
Why the Marijuana Business Needs Bank Accounts
MedMen Founder and Managing Partner Adam Bierman and Bloomberg’s Keri Geiger discuss cash from legalized marijuana sales and the banking industry.
Friday Trends and Month Ends
Cannabis stocks traded poorly today. Fridays are generally plagued by poor volume and price weakness. Month ends exhibit similar characteristics.
Cannabusiness and Alternative Banking
As marijuana businesses in Colorado and Washington found themselves suddenly without working ATMs last week, it became painfully clear, yet again, that the industry has to find a way out of the banking dilemma created by the conflict between state and federal laws regarding marijuana’s legal status.
Hundreds of ATMs Unplugged in Legal Pot Shops in Colorado, Washington
Hundreds of ATMs located in medical marijuana dispensaries — the lifeblood of businesses otherwise forced to work in cash — were shut down Wednesday, just days after similar machines were unplugged from recreational shops.
Marijuana Dispensaries Need Access to Banking System
NEARLY TWO years after Massachusetts voters approved medical marijuana, nine distribution centers are to open next year in places like Brookline, Lowell, Salem, and Quincy. The state licensing process for these dispensaries has been convoluted. And yet that path seems easy to navigate compared with the latest obstacle: the banking system.
Kiosk Connects Cannabis Cash to Banks
C4EverSystems has developed a kiosk that resembles an ATM that will handle orders and payments for dispensaries. What’s more, Mark Goldfogel, CEO of the C4EverSystems, has solved the issue preventing banks from accepting money from marijuana-related businesses.
Instabill Offers Medical Marijuana Merchant Account Solutions
Instabill is leading marijuana businesses toward accepting credit cards, rather than cash, as an acceptable payment.