The first-ever U.S. bank-led cannabis equity offering isn’t doing well. In fact, shares of CannTrust Holdings fell as much as 14 percent in New York on Thursday (May 2), marking the sixth day of declines and the lowest level since January. The decline came after...
A bill that could bring clarity to payments for legal cannabis purchases in the U.S. was set for an important vote this week in the U.S. House of Representatives — though there is still a long path before that bill would become law. The news...
PotCoin, a digital cryptocurrency similar to bitcoin but for the legal marijuana industry, plummeted a day after it sponsored Dennis Rodman’s trip to North Korea. Business Insider reported news that PotCoin plummeted 23 percent on Wednesday, just a day after it soared 97 percent following the...
June 21, 2019
People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The latest example of that, a closed-loop payments effort in Nevada, comes amid […]
May 03, 2019
The first-ever U.S. bank-led cannabis equity offering isn’t doing well. In fact, shares of CannTrust Holdings fell as much as 14 percent in New York on Thursday (May 2), marking the sixth day of declines and the lowest level since January. The decline came after the Ontario-based company announced on Thursday that it will price […]
June 15, 2017
PotCoin, a digital cryptocurrency similar to bitcoin but for the legal marijuana industry, plummeted a day after it sponsored Dennis Rodman’s trip to North Korea. Business Insider reported news that PotCoin...
