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
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.
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.
The Las Vegas Metropolitan Police Department reports that a medical marijuana dispensary was robbed at gunpoint on Wednesday.
Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
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.
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.
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.
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.
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.
MedMen Founder and Managing Partner Adam Bierman and Bloomberg’s Keri Geiger discuss cash from legalized marijuana sales and the banking industry.
Cannabis stocks traded poorly today. Fridays are generally plagued by poor volume and price weakness. Month ends exhibit similar characteristics.
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 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.
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.
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 is leading marijuana businesses toward accepting credit cards, rather than cash, as an acceptable payment.