Big Tobacco Moving Into Cannabis Market

One of the largest tobacco companies in North America, Altria Group - which owns Philip Morris USA, best known for their manufacture of Marlboro cigarettes - has agreed to invest $1.8 billion USD ($2.4 billion Canadian dollars) into Cronos Group, based in Ontario. The investment marks the largest … Read more about Big Tobacco Moving Into Cannabis Market

HB18-1101 Would Allow Marijuana Businesses to Have Publicly Traded Owners

A bill has been introduced in Colorado that would allow for some significant changes to the cannabis business industry in the state, allowing for increased opportunities for investment in marijuana businesses in the state. The bill, HB18-1101, "Concerning Measures to Allow Greater Investment … Read more about HB18-1101 Would Allow Marijuana Businesses to Have Publicly Traded Owners

Banking for the Cannabis Industry

Other than the fact that cannabis remains federally illegal, the single largest issue that cannabis companies run into is cash management – most banks are unwilling to accept cannabis cash, and as such, businesses are often forced to keep large amounts of cash on hand to cover the costs of doing … Read more about Banking for the Cannabis Industry