The last few months have witnessed a number of dramatic developments for American companies seeking capital in the fast-growing cannabis industry. In total, these changes portend greater access to funding for these companies. Here is more on these notable deals. (Note: none of the companies...
Last month, the Nasdaq quietly submitted a proposal to the SEC regarding Regulation A+. It is simple enough to quote: "Any Company listing on Nasdaq in connection with an offering under Regulation A of the Securities Act of 1933 must, at the time of approval...
Last Friday, the Securities and Exchange Commission approved a new Silicon Valley-based national securities exchange, the Long Term Stock Exchange (LTSE), with a unique twist - a focus on earlier stage companies and long term investing. The idea of "venture exchanges" has been around for...
Last week, the New York City Council overwhelmingly approved a new local law to prohibit city employers from testing potential employees for marijuana use. This weekend Mayor Bill de Blasio indicated he will sign the bill. There are certain exceptions, permitting marijuana testing for police,...
In the last week both the US Attorney General and the Treasury Secretary have encouraged Congress to take action towards easing US cannabis prohibition. Yesterday, in testimony before Congress, AG William Barr seemed to support the currently pending Strengthening the Tenth Amendment Through Entrusting States...
I hope you check out my latest contribution to Green Entrepreneur to learn about whether cannabis media coverage addresses both the positive and challenging aspects of this emerging industry!...
In a blow to the previously fast-moving train towards legalization of adult use cannabis in New York State, the State Assembly Speaker, Democrat Carl Heastie, last week said he is "not optimistic" that legalization can be included in this year's budget, which is due March...
On Tuesday, NY Gov. Andrew Cuomo released draft adult use cannabis legislation. Called the Cannabis Regulation and Taxation Act (CRTA- which we've decided to pronounce KUR-TA as opposed to sounding like the bed company Serta), it is just a few hundred pages long. Here are...
Just about three years ago I added this post. It talked about an important milestone in my life and, since I'm me, it included a discussion of the history of milestones. At the time I wrote: "My goals when milestones hit: Reflect. Learn. Do not...
The SEC just announced that it has adopted final rules that will permit full SEC reporting companies to conduct public offerings utilizing the modern crowdfunding capabilities with Regulation A+. We are still awaiting the details of the new rules, but they will become effective immediately...