Investment

Eric Gomez: Overseeing a Cannabis Startup Incubator

Eric Gomez is the CEO of Canopy San Diego, a San Diego-based startup incubator for tech companies who are focused on serving the cannabis space. Eric recently joined our podcast host TG Branfalt to discuss the current climate for investors who are looking to get started in the cannabis industry, understanding the difference between making safe vs. disruptive investments, international investment opportunities as new medical and adult-use markets pop up around the globe, and much, much more! You can listen to the interview through the media player below or keep scrolling down to read a full transcript of this week’s Ganjapreneur.com podcast episode. Listen to the interview: Read the transcript: TG Branfalt: Hey there, I’m your host TG Branfalt and …

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Where can you go to cannabis college?

As the competition rises for employment within the marijuana industry, education facilities are popping up around the world. There are now institutions that are completely dedicated to the study of cannabis. Whether it’s for the purpose of a qualification, for information on investment or simply just public education about marijuana, there is a school for it. Check out this article to learn about all the places to study about weed. As the dawn of the marijuana age draws nearer, all of the possibilities become infinite. Marijuana jobs have become highly coveted ones, and there are now places you can study to become a professional in the field of ganja. There are now facilities all over the world that are completely …

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Zimbabwe Considers Legalizing Cannabis Production

The continent of Africa is a complicated and intricate tapestry when it comes to cannabis reform. In some African countries, like Zambia for instance, cannabis is highly illegal and many people go to prison for it. In South Africa, marijuana for medical purposes has leaped forward, and even personal use has made some headway. Now, it looks like Zimbabwe is considering legalizing the cultivation and use of medical marijuana. An application has been made to the Government of Zimbabwe, by an as-yet unnamed Canadian company, to cultivate marijuana for medical purposes. Zimbabwe’s Macro-Economic Planning and Investment Promotion Minister, Dr. Obert Mpofu, stated at an annual general meeting on June 28th of the National Chamber of Commerce, that a Canadian conglomerate …

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Zimbabwe Considers Legalizing Cannabis Production to Lure International Investors – News

While the cannabis legalization movement has certainly strengthened its grip around North America over the last few years, the green wave is proving to be more of a global phenomenon than anything else. In Africa, countries such as South Africa and Ghana have pushed for decriminalization of the plant. Now, Zimbabwe is looking to jumpstart their economy by allowing marijuana cultivation on their mountainous lands. The local government is considering legalizing the cultivation of cannabis (known in the region as “mbanje”) to entice investors and international growers into stimulating the local economy. Zimbabwe is currently setting up various Special Economic Zones (SEZs) across the country, and these select zones will include exemption of labor law provisions and black economic empowerment rules, ultimately offering …

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Zimbabwe Official Says Nation Considering MMJ Legalization for Economic Reasons

A cabinet minister in Zimbabwe has announced that the African nation is considering legalizing medical cannabis partially in an effort to attract investors to the country’s forthcoming Special Economic Zones, according to a state-run Sunday News report by cited by AllAfrica. Investment Promotion Minister Obert Mpofu said the idea was formed when a Canadian medical cannabis firm inquired about the possibility of cultivating cannabis in the zones. At first, Mpofu thought the company wasn’t serious, but soon realized that medical cannabis production was big business. “We have received numerous inquiries from investors who want to participate in the SEZs and one of them is a big international company that wants to be involved in the production of cannabis,” he said …

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Alaska Nets More than $1M in Cannabis Sales Taxes

Since the launch of retail cannabis sales in Alaska, the state has collected more than $1.2 million in tax revenue derived from the industry, leading one tax department official to call the preliminary figures for June “ridiculously fantastic.” The department hauled in $272,600 from cannabis sales in May. “…And rough numbers indicate tax collections [for June] could exceed $500,000!” Kelley Mazzei said in an email to the Juneau Empire. The state Department of Revenue had predicted it would collect $2 million in cannabis taxes in the fiscal year that ended July 1. It had initially expected $12 million in April 2016, but lowered its estimates to $5 million in December 2016, and to $2 million in April 2017. Sales were …

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Leslie Bocskor: Nevada ‘Best Regulatory Framework in the World’

As Nevada prepared to open its first adult-use cannabis stores on July 1, Leafly caught up with Leslie Bocskor, the Las Vegas investment banker and founding chairman of the Nevada Cannabis Industry Association. An early member of the ArcView Investor Network, Bocskor was recently named vice chairman of GB Sciences, a cannabis-based pharmaceutical research firm based in Las Vegas. Leafly: What does recreational cannabis mean for Nevada? Bocskor: It means we’re going to see a gradual end of the black market. It’s great for business. It’s great for tax revenue. It’s great for compassionate access for people who aren’t even getting medical marijuana. Getting it out of the black market, though, is the heart of it. By having a regulated …

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Names of Pennsylvania MMJ Cultivators Announced

The Pennsylvania Department of Health has announced the 12 companies awarded cultivation and processing permits for medical cannabis. Under the state rules, two licenses were available in the state which was broken into six regions. Prime Wellness of Pennsylvania LLC, and Franklin Labs, LLC were chosen for the Southeast Region licenses; Terrapin Investment Fund 1 LLC, and GTI Pennsylvania were awarded the Northcentral Region – GTI was also awarded a preliminary license in Maryland. Pennsylvania Medical Solutions LLC, and Standard Farms, LLC will head up the Northeast Region; Agrimed Industries of PA, LLC, and PurePenn, LLC were awarded licenses for the Southwest Region; Ilera Healthcare LLC, and AES Compassionate Care, LLC will cultivate in the Southcentral Region; and Holistic Farms …

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Pennsylvania Awards 12 Cannabis Grower-Processor Permits

HARRISBURG, Pa. (AP) — Pennsylvania officials are identifying the entities that Tuesday were awarded permits to grow and process medical marijuana. The permit winners: Prime Wellness of Pennsylvania LLC, Sinking Spring, Berks County Franklin Labs LLC, Reading, Berks County Pennsylvania Medical Solutions LLC, Scranton, Lackawanna County Standard Farms LLC, White Haven, Luzerne County Ilera Healthcare LLC, Waterfall, Fulton County AES Compassionate Care LLC, Chambersburg, Franklin County Terrapin Investment Fund 1 LLC, Jersey Shore, Clinton County GTI Pennsylvania LLC, Danville, Montour County AGRiMED Industries of PA LLC, Carmichaels, Greene County PurePenn LLC, McKeesport, Allegheny County Holistic Farms LLC, New Castle, Lawrence County Cresco Yeltrah LLC, Brookville, Jefferson County  Source: Pa. Dept. Health Continue reading at Leafly.com

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Germany’s Green Rush Heats Up as Canadian Producer Expands Operations

The green rush in Germany is on, with a Canadian cannabis producer ready to spend millions to expand in the country ahead of the country’s launch of a medical cannabis market. Maricann Group Inc. (CSE: MARI), a licensed producer and distributor of medical cannabis in Canada, has secured $42,500,000 in non-dilutive financing to further expand operations in Germany, the company has announced. The funds come from The Green Streaming Finance Company of Canada Inc., a Vancouver, BC-based company that provides non-equity financing to cannabis producers. Under the terms of the agreement, Maricann will receive investment in two separate payments of $15,000,000 and $27,500,000. The money be used to fund construction of a state-of-the-art, 150,000 square-foot expansion of cultivation operations at …

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