Month: June 2019
Illinois Senate approves recreational Marijuana
Illinois cannabis advocates have been eagerly awaiting a recreational regulation bill forecasted by the governor and last night, they got the forward movement they craved. On Wednesday, the state’s Senate passed a bill legalizing a regulated cannabis industry, along with consumption, possession, and sale for residents 21 years and older. The plan, which will now go to the House for approval, was ...[Read More]
Pax Labs raises a record $420 million in funding
Pax Labs, a San Francisco-based maker of vaporizers, confirmed it raised $420 million in equity financing, a record for a U.S.-based marijuana company. The firm said the round included both new and existing institutional investors, including New York-based Tiger Global Management and San Francisco-based Tao Capital Partners. Pax’s raise nearly doubled the previous high for a U.S. cannabis company...[Read More]