In The News

Here’s the Chicago Tech Companies That Raised Money in October

Chicago tech and startup companies raised at least $405.2 million throughout the month of October, the largest amount raised during any month of 2018 and nearly double the amount raised in September, according to data compiled by Chicago Inno. The most significant funding rounds throughout the month came from two local marijuana companies: Cresco Labs, which raised […]

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What's Your Cannabis Investment Strategy?

Like some family office fund managers I’ve spoken to, you might be weighing a cannabis industry investment strategy. Some believe there’s extraordinary money to be made, particularly in the burgeoning U.S. market. But exceptional returns come with substantial risk, and most wealthy individual and family office investors don’t have the background or belly to play […]

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Curaleaf Stock Stumbles as Multi-State Landscape Gets Crowded

The stock closed down on its first day of trading on the CSX. Here is a breakdown of the current landscape and some up-and-comers to keep an eye on. Curaleaf (LDVTF) is the latest multi-state cannabis operator to go public through a reverse takeover. The Massachusetts-based cannabis company priced its shares at C$11.45 on Monday, […]

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High Demand of Medical Marijuana in Illinois is Creating Boom in the Market

The opioid law recently signed by Gov. Bruce Rauner to expand Illinois’ medical marijuana program created a boom in the local market. With more people trading their opioid prescriptions for medical marijuana ones, the number of suppliers skyrocketed, too. Growing facilities and dispensaries are quickly multiplying all across the state. Grassroots Cannabis, Illinois’ largest medical cannabis company, […]

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New Chicago marijuana company raises $120 million, is expanding in Illinois

Ally Marotti, Chicago Tribune Marijuana company Verano has raised $120 million in financing to fund expansion in Illinois and other states. Verano is a newly formed Chicago-based holding company that consolidates ownership of several cannabis operations, including Illinois-based Ataraxia, which has a cultivation facility in downstate Albion and three dispensaries in the state. The round of […]

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Chicago pot startup raises $120M, support grows for legal weed

Verano, a newly-minted Chicago-based marijuana company, raised $120 million in private funding that will be used to bankroll expansion in Illinois and beyond. After consolidating several existing cannabis operations and acquiring another, Verano now controls four cultivation centers and six dispensaries in Illinois, Florida, Maryland and Nevada, according to a statement from the company. Ataraxia, which operates […]

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Viridian Cannabis Deal Tracker for the Week Ended October 26, 2018

Capital Raises Biotech/Pharma Vitality Biopharma Receives $8.5 Million Common Stock Financing Consumption Devices Weed Vaping Startup Pax Raises $20 Million Namaste Announces Closing of C$51,750,000 Bought Deal Financing Including Full Exercise of Over-Allotment Option Cultivation & Retail Vodis Announces Closing of Private Placement and Shares for Debt Transaction National Access Cannabis Corp. Announces Financing Transactions […]

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Cannabis Company Verano Launches With $120M Investment

Alex Oleinic, Benzinga Staff Writer   A new company has joined the ranks of enterprises in the cannabis space. Chicago-based Verano has received financing totaling $120 million and will be led by co-founders George Archos as CEO and Sam Dorf as chief strategy officer. Verano Aims To Be A Leading US Cannabis Company Verano is a […]

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DEA Greenlights Epidiolex. What’s Next for CBD and the Cannabis Industry?

With the DEA signaling a willingness to join the FDA in approving certain cannabis-derived drugs for sale, the industry looks ahead to more tidal shifts. This week, the Drug Enforcement Administration placed Epidiolex, a drug that includes cannabis-derived compounds—specifically, cannabidiol (CBD)—in Schedule V, a far less restrictive oversight category than CBD’s Schedule I classification. Following […]

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Medical marijuana edibles debut in Illinois, come with risks

CHICAGO Edible medical marijuana made its Illinois debut Saturday, ending a wait for patients who prefer eating to inhaling. To some, cannabis-infused foods seem milder than smoke or vapor, but the products carry their own risks. It takes longer to feel the effects when marijuana is eaten, so it's easy to eat too much with […]

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