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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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marijuana
Risk & Compliance
House OKs Bill to Make Weed Banking Legal
The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.
By
Matthew Heller
| April 20, 2021
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Technology
How Cannabis Cultivator Grassroots Upped Its Digital Game When States Shut Down
Grassroots had to pivot almost overnight when shelter-in-place mandates were ordered.
By
Vincent Ryan
| May 20, 2020
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Strategy
MedMen to Lay off 190 Workers in Profit Push
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
By
Matthew Heller
| November 18, 2019
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The Economy
Global Cannabis Sales Could Hit $15B This Year
The surge of CBD products combined with Canada's recent legalization of marijuana helped the industry's growth.
By
Lauren Muskett
| June 20, 2019
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Risk & Compliance
Pot Entrepreneur Fined $12M in Fraud Case
Vincent Mehdizadeh allegedly used the proceeds from illegal stock sales to inflate the revenue of his marijuana vending machine company.
By
Matthew Heller
| March 10, 2017
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Risk & Compliance
Marijuana Firm Charged With $12M Stock Scam
The SEC says the CEO of Fusion Pharm and his brother-in-law recorded the proceeds of illegal stock sales as revenue for the company.
By
Matthew Heller
| September 19, 2016
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Tax
Banking, Tax Regs Eat Into Marijuana Profits
The legal cannabis sector is experiencing geometric revenue growth, but finance execs face formidable challenges managing the money.
By
Ed Zwirn
| August 19, 2016
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Risk & Compliance
Pot Bank Loses Legal Battle With Fed
Colorado court backs the Federal Reserve's denial of credit union's application to serve marijuana businesses.
By
Matthew Heller
| January 7, 2016
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Risk Management
Are Banks Gouging Marijuana and Bitcoin Businesses?
"Banks are looking at all the risk factors and saying, ‘I have more on the line to bank this industry and we're going to bill them more,'" says one expert.
By
Katie Kuehner-Hebert
| April 13, 2015
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Risk
SEC Suspends Fifth Pot Industry Microcap
Fraudsters “often exploit the latest growth industry to lure investors with the promise of high returns,” the Securities and Exchange Commission warns.
By
David Katz
| May 16, 2014
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Growth Companies
The Bud Starts Here
The banking industry has been holding out on offering lines of credit and loans to marijuana retailers in Colorado. But that may soon change.
By
Alissa Ponchione
| January 27, 2014
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