In April, we wrote about Med-X, Inc. (“Med-X”).  Med-X was the first cannabis company to launch an equity crowdfunding campaign, and as of September 16, 2016, the company has found itself in regulatory hot water for failing to adhere to securities law requirements.
Continue Reading Crowdfunding in the Cannabis Industry – Update – SEC Temporarily Suspends Med-Ex Crowdfunding Offering

First Canadian Marijuana Crowdfunding Platform Launched

On March 2, Ascenta Finance Corp., a licensed exempt market dealer, and KoreConX Corp., a company that specializes in crowdfunding, launched Bay Street Cannabis (“Bay Street”), Canada’s first online equity crowdfunding portal dedicated  to the cannabis sector.  Bay Street provides public and private legal cannabis and cannabis-related businesses with access to investors.  Like the U.S., Canada’s laws have recently made it possible for Canadians to purchase securities of cannabis companies.  The Canadian cannabis sector is clearly moving into the future financing, but what about the U.S.?
Continue Reading The State of Crowdfunding in the Cannabis Industry