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Marijuana

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Finance
Marijuana
A Former Beauty Queen Raised $12M to 'Revolutionize' Cannabis. The Courts Can't Find Her
Here's how a weed-smoking model raised millions of dollars with a 2017 token sale in California, then disappeared during an ongoing lawsuit.
dimitri-bong-e2za-uzqm7k-unsplash
By Leigh Cuen
Aug 19, 2020 at 7:30 p.m. UTC
Aug 19, 2020
MarijuanaCannabisICOsLawsuitsParagon
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Markets
Marijuana
Marijuana-Focused Stablecoin Issuer Added to Arizona Fintech Sandbox
Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations
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By William Foxley
Jul 31, 2019 at 8:30 p.m. UTC
Jul 31, 2019
MarijuanaArizonaBankingNewsBanking RegulationLegalStablecoins
cannabis-factory
Markets
Fincen
Pipe Dreams: Bitcoin Won't Solve Pot Industry's Banking Problem
Cryptocurrency use could give U.S. Attorney General Jeff Sessions an excuse to crack down on state-legal pot firms, an industry lawyer warns.
cannabis-factory
By Charles Alovisetti
Nov 11, 2017 at 2:00 p.m. UTC
Nov 11, 2017
FinCENPaymentsMarijuanaMerchantsBankingRegulationFeatures
shutterstock_659710273
Markets
Venture capital
Pot-Friendly Bitcoin Startup Raises $1.5 Million
POSaBIT, a Seattle-based digital currency payments startup with a focus on serving legal cannabis outlets, has raised $1.5m in funding.
shutterstock_659710273
By Stan Higgins
Jun 29, 2017 at 1:00 p.m. UTC
Jun 29, 2017
Venture CapitalPaymentsMarijuanaFundingNewsInvestmentsWashington
franklin-marijuana
Markets
Law
Washington Lawmakers Are Trying to Keep Bitcoin Out of Pot Shops
A new bill filed in the Washington State Senate seeks to prohibit local marijuana businesses from using digital currency.
franklin-marijuana
By Stan Higgins
Jan 19, 2017 at 1:33 p.m. UTC
Jan 19, 2017
LawMarijuanaRegulationNewsWashington
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Tech
Technology
New Colorado Marijuana Vending Machines Will Accept Bitcoin
The first customer-facing marijuana vending machine to debut in the US will accept bitcoins as a form of payment.
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By Stan Higgins
Apr 16, 2014 at 6:11 p.m. UTC
Apr 16, 2014
TechnologyMarijuanaTechnology News
shutterstock_97621091
Markets
Payments
Marijuana in Colorado Faces Same Legal Obstacles as Bitcoin
US Federal law has made banking institutions and credit card companies wary of handling marijuana purchases.
shutterstock_97621091
By Daniel Cawrey
Jan 21, 2014 at 10:15 a.m. UTC
Jan 21, 2014
PaymentsMarijuanaColoradoFeatures
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Finance
Startups
Colorado Marijuana Dispensary Uses Bitcoin to Evade Federal Laws
Federal laws prohibit credit card payments, so all Colorado's marijuana must be purchased in cash – or bitcoin.
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By Nermin Hajdarbegovic
Jan 12, 2014 at 8:35 a.m. UTC
Jan 12, 2014
StartupsMarijuanaColoradoMerchantsLifestyleRegulationCompanies