Digital credit arrives in the cannabis industry through KindTap

Posted by - September 30, 2021

Cannabis entrepreneurs have another avenue available to explore funding options The week has been full of good news for the cannabis industry and one of them was the announcement shared by KindTap Technologies. The company has just launched its new digital consumer credit platform, which was created to provide a payment solution that is sorely

Leaf Trade completes latest funding round ahead of expansion

Posted by - April 14, 2021

The cannabis wholesale marketplace and payment platform adds $5.5 million to its wallet In order to gain further expansion and exposure to the cannabis industry, Leaf Trade, the leading cannabis wholesale marketplace and payment platform in the US legal cannabis market, has recently announced that it has closed a $5.5 million Series A preferred investment

Cannabis payments solution AeroPay picks up new funding as it expands

Posted by - March 9, 2021

The digital payments platform with a strong foothold in the cannabis industry gets a boost After going through a venture round led by Chicago Ventures, AeroPay, a digital payments platform, has managed to raise more than $5 million. Further developments in the cannabis industry, new features of the product, and finance new hires are going

Cheech Marin connects with Cannabis10X for Cannabis Crown judging

Posted by - September 24, 2020

The actor and cannabis promoter will help determine the best cannabis startups competing for funding It’s like “Shark Tank” for the cannabis industry. Brought together by the founders of Maverick Cannabix10X, Jason Tropf and Holly Ford, the cannabis-geared competition has participants from around the world showing off their innovative solutions while vying for funding, acquisitions,

New federal funding measure in the House a plus for hemp supporters

Posted by - September 22, 2020

A bill being discussed by lawmakers would extend hemp funding through next year The hemp industry was just getting off the ground with the 2018 Farm Bill when the coronavirus pandemic struck, making things more difficult for farmers. An existing bill that was approved in 2014 has served to help the industry weather bad times;

Cannabis companies increasingly look to SPACs to raise money

Posted by - September 18, 2020

The cannabis space is rapidly embracing the idea of using the blank-check entities for funding The cannabis industry continues to grow despite the many speed bumps in the way mainly caused by its current federally illegal status. Even large corporations in the industry struggle from time to time with cash shortages that, for any another

Biden promises to give federal aid to states’ marijuana expungement efforts

Posted by - July 30, 2020

If elected president, Joe Biden will ensure states have money to erase certain marijuana convictions On Tuesday, presumptive Democratic presidential nominee Joe Biden said that he would put extra efforts into helping people with marijuana convictions have their records expunged if he’s elected president. According to Biden, this represents a major barrier in the system

Curaleaf picks up another $5 million through private placement

Posted by - July 22, 2020

The cannabis company is receiving over $25 million in funding this year Curaleaf Holdings Inc., a medical and wellness cannabis company, has collected another $5 million of funds coming from a previously announced private placement offering early this month. The Massachusetts-based company received this investment from the second tranche of its private placement, and it

Cannabis companies turn to state governments for financial support

Posted by - April 9, 2020

Marijuana companies hope states will provide relief where the federal government won’t After several attempts to get any resolution from the federal government regarding financial relief due to the coronavirus-caused global shutdown, cannabis companies are frustrated. Repeatedly hearing no from federal authorities, cannabis advocates are now turning to the state for assistance. On Wednesday, a

DEA tasked to determine how to distinguish hemp from marijuana

Posted by - October 1, 2019

The DEA is going to have to step deeper into the marijuana discussion or lose funding Senate Majority Leader Mitch McConnell recently put pressure on the Food & Drug Administration (FDA) to get more involved in defining the framework for products containing cannabidiol (CBD). He did so by putting language into a spending bill that