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House Passes Equity Crowd Funding Bill

The House of Delegates has passed a bill to expand crowdfunding options for entrepreneurs seeking capital for their startup business.

Established crowdfunding sites like Kickstarter, Go-Fund-Me and Indie-Go-Go are currently successfully raising money in Virginia. Under that model investors donate capital to startups or receive some of the companies new product.

The legislation would open up opportunities for equity crowdfunding, allowing investors to own a small stake in a Virginia startup businesses.

GA Will Authorize Uber and Lift to be Licensed and Regulated

Bills that would allow Transportation Network Companies or TNCs like Uber and Lyft to be licensed by the DMV has passed both the House and Senate.

Users of smartphone apps like Uber and Lyft can enter their location and find a ride from an authorized driver in a matter of minutes in heavily traveled areas.

Cab companies say the lack of regulation of these new businesses has put them at a competitive disadvantage.

Lawmakers have been negotiating the language of the bill with TNCs, traditional cab companies and trial lawyers for months.

Senate Committee Votes Legal Use Of Marijuana Derivative To Treat Epileptic Seizures

A proposal to legalize two marijuana derivatives for treating epilepsy has cleared its first hurdle in the General Assembly.

The legislation was offered by Senator David Marsden, a Fairfax County Democrat, to allow the legal possession of an oil derivative of marijuana when a doctor determines that a patient has a debilitating epileptic condition, even though a state police spokesman testified it couild put Virginia in conflict with federal law.

Mayor Jones Says Richmond Is Resurgent, Calls For End To Infighting In Annual Address

Mayor Dwight Jones called Richmond a “resurgent city,” in his annual State of the City address last night (1/29). 

The major listed among the city’s biggest wins in 2014, the successful campaign to lure Stone Brewing company to town.

The mayor also talked about a 25 million dollar federal transportation grant for rapid transit bus service from Henrico to downtown.

He did not name a new police chief, saying that announcement would come next week, nor did he say anything about baseball, promising an update on that when “the time is right.”

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