Los Angeles Cannabis Company Says it Raised $58 Million

From L.A. Biz – Los Angeles cannabis company Vertical Cos. said it’s raised $58 million in a Series A round of financing. The company said it’s now raised a total of $65 million in the past five years and is getting ready to spin off its hemp-based cannabidiol...

Suddenly, CBD is Everywhere. Here’s What’s Next

By Parija Kavilanz, CNN Business – The CBD gold rush has begun. CBD, the chemical found in hemp and marijuana plants, is showing up in shampoos, lattes, body oils, gummy bears and dog treats. It’s being sold in coffee shops and farmer’s markets, mom-and-pops...

California Opens Up for Commercial Hemp Cultivation

By Griffin Thorne • Attorney at Harris Bricken We have been closely following California’s commercial hemp cultivation licensing law since it was proposed last year as Senate Bill 1409 (see here, here, and here). In March, I wrote about some of the...

A First In Cannabis? This Marijuana Tech Company Raised $2 Million To Expand Beyond The Industry

By Javier Hasse • Contributor, Forbes Magazine – As the cannabis industry grows, people and companies from other trades are rapidly migrating toward it. From Fortune 500 execs to former politicians, and from banks to beer makers, smart money seems to want a piece of the green...