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Medical Marijuana Companies Chase Investors, Eye IPOs
May 1, 2011 – In what was once a pipe dream, medical-marijuana companies are courting private investors and even planning public stock sales. In Colorado, a seed supplier is raising $500,000 in a private financing round. In California, hydroponic equipment supplier GrowOp Technology Ltd. has raised $1 million privately, with plans to launch an initial…
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Report: Medical Marijuana Market Growing Quickly
March 24th, 2011 – CHICAGO — It has been called a lot of things over the years: grass, Mary Jane, wacky weed. Now, researchers are suggesting a new moniker for marijuana: alternative investment. A report out this week on the U.S. medical marijuana market estimates the unconventional business already generates $1.7 billion in economic activity…