Monthly Archives: September 2018

Navy Capital leads $6 million funding round for Los Angeles cannabis firm

Los Angeles-based marijuana extracts firm Field is poised to expand into new markets after closing a $6 million funding round. The raise was led by: Cannabis investment fund Navy Capital under managing partners Sean Stiefel and John Kaden. MedReleaf executives Eitan Popper, Igor Gimelshtein and Tarik Ouass, who earlier this year sold the company to Aurora Cannabis for 3.2 billion Canadian dollars ($2.9 billion). […]

California’s Cannabis Equity Act Just Changed the Game

California took another step this week toward making reparations for its war on marijuana users. Gov. Jerry Brown signed into law on Thursday a bill offering small cannabis business assistance to those most impacted by past drug law enforcement. The California Cannabis Equity Act magnifies programs already up and running in cities like San Francisco […]

Dispensary Thieves in Colorado Steal Display Jars of Oregano Instead of Flower

A group of would-be thieves recently tried to snatch a stash of weed from a dispensary in Colorado Springs, Colorado. And while they succeeded in breaking into the shop and stealing a bunch of merchandise, they didn’t actually end up with what they were looking for. Instead of getting away with jars full of bud, […]

Cannabis tech firm Namaste poised to raise $45 million

Namaste Technologies says it’s on pace to raise $45 million in a bought-deal financing. The firm, which operates an e-commerce platform for cannabis products with more than 30 websites in 20 countries, entered into a letter of engagement under which Eight Capital has agreed to purchase – as co-lead underwriter and joint bookrunner with Canaccord Genuity Corp. […]

DEA Reschedules Cannabis-Derived Medicine Epidiolex

The Drug Enforcement Administration has rescheduled the cannabidiol medication Epidiolex, allowing manufacturer GW Pharmaceuticals to begin selling the drug in the United States. The DEA did not, however, reschedule CBD itself nor other products made with the cannabinoid. Epidiolex is the first medication derived directly from cannabis to be approved by the Food and Drug […]

Rapper Daz Dillinger Faces Felony Charges After Home Drug Bust

Delmar Drew Arnaud, better-known as the rapper Daz Dillinger, is in the Cobb County clink tonight, booked on 13 felony drug counts stemming from a police drug raid at his Georgia home on Tuesday. Daz, who is 45 years old, is facing a dozen felony drug charges for possession of a controlled substance. The thirteenth […]

California cannabis distributor threatens legal battle with feds over cash seizure

(This story has been updated from an earlier version with comment from the California Highway Patrol.) A California marijuana distribution company plans to file a lawsuit soon over what its attorney alleges is a “conspiracy” between the state Highway Patrol and the U.S. Department of Homeland Security involving the seizure of a large amount of […]