America’s Four Largest Banks Have Serviced Marijuana Businesses, Finds Study

by adminTorusBrand | Jan 24, 2017 | Business

[vc_row][vc_column][vc_column_text] A new analysis has found that the top four U.S. banks have held accounts for cannabis businesses. Four of the nation’s biggest banks – Bank of America, Citigroup, JP Morgan and Wells Fargo – have provided account services for...

This is Why Nearly 500 People Have Recently Enrolled in NJ’s Medical Marijuana Program

by adminTorusBrand | Jan 20, 2017 | Business

[vc_row][vc_column][vc_column_text] Adding PTSD to New Jersey’s list of qualifying conditions for medical marijuana has caused a recent surge in registered patients. Since September, nearly 500 people have registered for New Jersey’s medical marijuana program,...

Number of Medical Marijuana Patients in Minnesota Up More Than 300% in 2016

by adminTorusBrand | Jan 19, 2017 | Business

[vc_row][vc_column][vc_column_text] Things may be looking up for Minnesota’s struggling medical marijuana program, which has seen a huge influx in registered patients since expanding its list of qualifying conditions to include intractable pain. The number of...

Hemp Companies Sue DEA Over New CBD Rule

by adminTorusBrand | Jan 18, 2017 | Business

[vc_row][vc_column][vc_column_text] The hemp industry is taking the DEA to court over a controversial new rule on marijuana extracts like CBD. The Hemp Industries Association (HIA) on Friday filed a lawsuit against the U.S. Drug Enforcement Administration (DEA) in...

Cannabis Industry Raised Over $1 Billion in 2016

by adminTorusBrand | Jan 18, 2017 | Business

[vc_row][vc_column][vc_column_text] Investments in the legal cannabis industry are up from last year, with nearly all capital being raised by companies in North America. In the latest evidence of 2016 being a banner year all around for cannabis, a new report from...

Pennsylvania to Help Fund Its Hemp Pilot Research Program

by adminTorusBrand | Jan 13, 2017 | Business

[vc_row][vc_column][vc_column_text] Researchers interested in participating in Pennsylvania’s hemp research program can apply for a cost-share program to help cover their project’s costs. Pennsylvania’s Department of Agriculture will help cover the costs for...