cannabis banking

In the wake of the midterm elections and the resignation of U.S. Attorney General Jeff Sessions, one of the most virulently anti-cannabis politicians in the country, cannabis stocks have risen up to nearly 30 percent. Shares in Canopy Growth Corp., Aurora Cannabis Inc. and Aphria Inc. rose by eight per cent, nine per cent and four per cent, respectively. […]

No matter who wins on Election Day, cannabis will have a big day at the ballot box. Five states — Arizona, California, Maine, Massachusetts and Nevada — have initiatives to legalize marijuana for adult recreational use. Four states — Arkansas, Florida, Montana and North Dakota — have proposed legalizing marijuana for medical purposes. All of […]

The DEA said it is “most interested” in U.S. residents who invest in Canadian medical marijuana,  Reuters asked about the DEA’s position on these types of investments: “With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act, according […]

The SEC issued a strongly worded investor alert in mid May warning investors about the potential for fraud committed by publicly traded companies in the cannabis sector. The move comes on the heels of the suspension of two more companies for the year, making seven total publicly traded stocks in the vertical the SEC has suspended […]

Update (8/5/14): Bedrocan Expected To Begin Trading Mid-August Private Health Canada’s medical marijuana license holder, Bedrocan, is going public. This is the second permitted company to do so after Tweed stomped in to the market in early April. Only 12 companies across Canada currently hold MMPR approval. Bedrocan has one grow facility that is expected […]

GeoInvesting, a small investment research firm, is keeping track of the best marijuana stocks to watch. Their “cannabis screen” lists and watches a variety of marijuana-related stocks that have the potential to “ride the hype” of marijuana investment. Such stocks, in GeoInvesting’s opinion, include MediJane Holdings, Help Inc. and VaporBrands International.   Read Full Story […]