Finance: Page 147

Senate Bill Paves Way for Bank Funding to Budding Cannabis Industry

The bipartisan bill seeks an added layer of protections for state-legal cannabis businesses.

Maricann Shares Plummet with News of Trading Investigation

Shares fell 21 percent after the company revealed that a $70 million financing deal had been cancelled as it undergoes an investigation from the Ontario Securities Commission.

Canadian Cannabis Producers Receive Millions From Offshore Tax Havens

As the country’s licensed producers make big moves in the financial sector, a large part of their funding comes from anonymous investors in well-known tax havens like the Cayman Islands, Bahamas and more.

Double-Digit Billions Puts North America in the Worldwide Cannabis Market Lead

The largest group of cannabis buyers will be in North America.

Canadian Firm Becomes First Cannabis Producer to List on Major U.S. Stock Exchange

The Nasdaq listing allows U.S. investors to legally invest in marijuana stocks.

Trouble for Ohio’s Medical Marijuana Program and an ‘Emerging Crisis’ in California: Week In Review

We’ve rounded up our top 10 articles to keep you up-to-date on the latest industry news.

Massachusetts Regulator Says State Should Consider Government-Run Bank for Cannabis Companies

"There’s a high degree of urgency, so it’s something we need to start talking about,” Steve Hoffman said.

Canopy Growth Reach Expands As Company Wins Joint Bid to Run Marijuana Stores in Manitoba

The business was one of four winning proposals given “conditional acceptance” to operate stores in the province.

Los Angeles Licensing Fees for Marijuana Businesses Exceeding Expectations

The city has issued a total of 101 temporary authorizations to marijuana businesses since the drug became legal for recreational use and sales in the beginning of January.

Shango Premium Cannabis to Enter California, New Jersey and Michigan

Rexroad Marquis Corporation is hoping to bring Shango Premium Cannabis to new markets this year.

Behind the Launch into Pennsylvania’s New Medical Marijuana Market

Cresco Labs and Solevo Wellness discuss their paths to the first regulated medical marijuana sales in the state last week, including the challenges they’ve faced and opportunities they’re seizing.

Sun Life Financial to Add Medical Marijuana Option to Group Benefits Plans

The Toronto-based insurer said the move was influenced by rising interest from clients.

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