Big, big wins this week...
You might have heard the news: Voters across the country have approved recreational marijuana initiatives while several other states passed medical marijuana provisions, in what is turning out to be "the biggest electoral victory for marijuana reform since 2012, when Colorado and Washington first approved the drug's recreational use," according to the Washington Post. Now what? Oh, plenty, my friends, plenty. What a week. Congrats to all of those who worked hard to make legalization a reality in their states. Onward!
...and some questions about Trump
In other news, Trump won. Yep. And with that, the nation waits to see what he will do and what the impact on legalization, and really, the future of marijuana will be. Although he appears to be somewhat hands-off, some are concerned we could roll back any momentum depending on who joins his cabinet. But on the other hand, there's cautious optimism.
CannaScore: Account Fully Restored
CS Compliance Systems, developers of CannaScore, the world's "first real-time regulatory compliance auditing application for the cannabis industry," announced it has been successful in an appeal, and its banking privileges have been restored. Last month, the company had banking privileges revoked when its financial services provider discovered the company was providing services to the marijuana industry. This is an interesting chain of events and one worth watching.
Eaze raises whopping $13M
Eaze, the leading on-demand medical marijuana technology company, announced the completion of a $13 million Series B financing round making Eaze the fastest growing and most funded cannabis technology company in the world. It has now raised more than $25M in total funding. Fresh VC led the round with participation from DCM Ventures, Tusk Ventures, Winklevoss Capital, Rose Capital and others. The financing comes at a time when sentiment towards marijuana has shifted in light of increasing public acceptance of marijuana for medical and adult use, and of course, this week's elections.