Our good friends at Viridian Capital Research (www.viridianca.com) track M&A deals and financings in the cannabis space in North America. They also run the cannabis stock index which gives us a good sense of how the stocks in the industry are trading. The news they just...
In a major positive step for the cannabis industry, the New York Stock Exchange last week listed a new real estate investment trust called Innovative Industrial Properties (NYSE:IIPR), the first cannabis company to be listed on a US national exchange. The company plans to invest...
Somewhat lost in the shock of President-elect Trump's win yesterday was some great success in 8 states voting on medical or recreational cannabis legalization. Only Arizona turned down their proposition on recreational pot. But Massachusetts, California and Nevada all approved allowing recreational use by adults....
Innovative Industrial Properties Inc. is planning to be a real estate investment trust. Its mission, as disclosed in its SEC filing last week for its planned IPO, is to be "focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed...
Somewhat lost in the vitriol and drama of the 2016 Presidential campaign is the fact that nine states will be voting next month on whether to permit legal medical or recreational cannabis use. This on top of the 25 states that have already passed some...
In what is mostly a blow to the burgeoning legal marijuana industry, the Drug Enforcement Administration decided not to remove marijuana from the list of Schedule I drugs under the Controlled Substances Act, continuing to deem it as dangerous as heroin and LSD. Meanwhile, other...
In a move seen by many as a major positive for the burgeoning cannabis industry, Microsoft has publicly announced a partnership with a software company in the space. That company, Kind, has developed software that helps state governments track growers' and sellers' compliance with their...
In a significant but not entirely unexpected or surprising blow to the cannabis industry, the Nasdaq stock market has decided to reject the attempt by MassRoots, a social networking site for cannabis enthusiasts, to list on their exchange. The reason: because they may be deemed to...
As reported by Bloomberg Business yesterday, an innovative entrepreneurial group has launched Amercanex Corp., where cannabis can trade on an electronic platform. They're already handling sales of up to 150 pounds of pot per week. It's not dissimilar to how the New York Mercantile Exchange started....