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American Green Purchases California Town, Plans Cannabis-Friendly Tourist Destination Business Finance: Sales, Distribution, Banking, Funding News 

American Green Purchases California Town, Plans Cannabis-Friendly Tourist Destination

American Green Inc., one of the first publicly traded technology companies in the marijuana industry on the OTC market exchanges, announced the purchase of the 100-year-old, 120-acre town of Nipton, Calif., on Aug. 3 for $5 million with plans to make it the country’s “first energy-independent, cannabis-friendly hospitality destination,” according to a company press release. Read the full article

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How Public Relations Firms Are Capitalizing On The Marijuana Green Rush Finance: Sales, Distribution, Banking, Funding 

How Public Relations Firms Are Capitalizing On The Marijuana Green Rush

It’s not unusual to hear people say public relations firms have no real purpose. “They charge me to get me press coverage, which is ultimately free,” a mid-cap CEO told Benzinga in a recent event in New York. He had a point. The thing is, his understanding of what PR firms do was quite limited. Actually, very few people know what people in the public relations business do. As Robert Wynne wrote in a Forbes article, “The public relations industry does a terrible job of public relations.” Read the full…

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Cannabis Business Insurance: Why You Shouldn’t Be Caught Without It Business Finance: Sales, Distribution, Banking, Funding 

Cannabis Business Insurance: Why You Shouldn’t Be Caught Without It

As the cannabis industry continues to expand, and standardization and acceptance continue to move forward, the risks associated with providing consumable products to a growing portion of the population will increase. In other words, more consumers purchasing cannabis products equals a greater risk for consumer claims. Cultivation operations should take the steps necessary to ensure they are adequately insured should a claim arise. Because of this, it’s critical that business owners take their time in selecting the most appropriate insurance coverage for their business. Not only is it smart for…

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Where QA Meets Cannabis Business Finance: Sales, Distribution, Banking, Funding 

Where QA Meets Cannabis

Donavan Bennett’s career is based in quality assurance—having to supervise data collection, testing methods and more for Sonoco, a packaging manufacturer. At his location in New Brunswick, N.J., Bennett has gained experience in training, product safety and more. So when he learned of the increase of cannabis recalls due to misuse of pesticides, in March, he came up with the idea to found Cannabis Quality Group (CQG), along with his partner, Joe Novalany, a programmer analyst at Rutgers University. Read the full article here

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Without bankruptcy option, personal assets are at risk Finance: Sales, Distribution, Banking, Funding 

Without bankruptcy option, personal assets are at risk

Starting a cannabis business legally under state law requires owners to consider a wide range of possible challenges. Some of the major considerations include possible federal enforcement issues if the DEA changes its stance regarding the Cole Memo; concerns with banking because many FDIC-insured banks do not want to handle cannabis business accounts; potentially limited growth options since businesses cannot move product across state lines; and personal financial and safety concerns related to being in a cash industry. Read the full article here

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Advanced Nutrients Holds a Fundraiser for Fiona Ma Business Finance: Sales, Distribution, Banking, Funding 

Advanced Nutrients Holds a Fundraiser for Fiona Ma

LOS ANGELES – A small but supportive group of supporters gathered at the lush Hollywood Hills residence of Advanced Nutrient’s Michael “BigMike” Straumietis late yesterday afternoon for a fundraising event in support of Fiona Ma, the 51-year-old Democrat from San Francisco who currently serves as an elected member of the California Board of Equalization. When the current State Treasurer, John Chiang, announced in May his intention to run for governor next year, Ma jumped at the opportunity to succeed him. Read the full article here

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Pennsylvania Auditor General Says State Lawmakers Should Regulate the Marijuana Market Business Finance: Sales, Distribution, Banking, Funding 

Pennsylvania Auditor General Says State Lawmakers Should Regulate the Marijuana Market

HARRISBURG, PA — Pennsylvania’s auditor general on Monday publicly advocated for the legalization and taxation of retail marijuana sales, arguing that such a policy would bring new jobs and tax revenue to the state. Speaking at a news conference at the state capitol, Auditor General Eugene DePasquale said: “The regulation and taxation of the marijuana train has rumbled out of the station, and it is time to add a stop in the Commonwealth of Pennsylvania. I make this recommendation because it is a more sane policy to deal with a…

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The “Yelp Of Weed”: Leafly And Other Marijuana Startups Hope To Gain As Feds Ease Up On Pot Finance: Sales, Distribution, Banking, Funding Start Ups 

The “Yelp Of Weed”: Leafly And Other Marijuana Startups Hope To Gain As Feds Ease Up On Pot

Ask investors about emerging trends in technology, and they might mention wearable devices, the connected home, mobile payments, even Bitcoin. But more often than not, they’re glossing over cannabis, a multibillion-dollar industry that’s only gaining momentum with varying degrees of legalization in 21 states and the District of Columbia. Read the full article HERE

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