Not you, not me, tax the man behind the tree. Unfortunately, discussions of tax policy sometimes never get beyond this point, but setting tax policy is like building infrastructure.
Author Archives: Anne Wallace
On Friday, January 16, the Department of Justice announced that it would limit the practice of federal adoption of assets seized by state and local law enforcement agencies, or “adoption” for short.
Marijuana legalization will always be a cause to some people, while for others it will never amount to more than a financial opportunity. But what about the middle ground?
The nation of Uruguay legalized marijuana around the same time that Colorado and Washington State did, but the picture there is much different.
The Colorado Supreme Court’s upcoming decision in Coats v. Dish Network will be important for Colorado medical marijuana patients who risk losing their livelihoods when they fail employer drug tests.
Investors are used to watching oil as a factor in international politics, but cannabis?
Cannabis legalization is often the stalking horse for a variety of different issues. When asked what the legalization is about, some will reply, “Investment opportunity.” For others, it is about making medicine available.
Often, when a would-be dispensary operator with a state license finds him or herself unable to open because of local zoning regulations, it is a fairly recognizable as back-door prohibitionism.
Terra Tech Corp. is not the only marijuana business with publicly traded stock, but it may be the only grower.
Holiday travel is fraught with complications, but even more so for the medical marijuana patient. Can patients legally fly with their legitimately obtained medicine?
Since 2013, marijuana has been popping up in law school curricula, blogs and panel discussions, not in terms of criminal defense, but in terms of business planning.
On Monday, December 15, 2014, Rep. Joe Moody introduced a bill in the Texas State legislature that would decriminalize personal possession of small amounts marijuana.
The collapse of the American hemp industry is one of the strangest consequences of cannabis prohibition. For most of U.S. history, hemp, a non-psychoactive variety of cannabis sativa, was regarded as a versatile crop.
A study by the Rand Corporation, commissioned by Vermont lawmakers and due to be released on January 15, 2015, could shape the future debate on retail marijuana legalization.
National Public Radio’s recent story about “trimmigrants” was, for many listeners, the stuff that turns hair white. Far from hearing about the $500 that young seasonal trimmers can make for a 14-hour day, parents waited tensely for the phrase “shallow grave” at the end.
On December 2, 2014, Los Angeles City Attorney Mike Feuer filed suit in Los Angeles Superior Court, seeking to shut down Nestdrop, a smartphone application that allows customers to order medical marijuana via touch screen and have it delivered.
So thinks Rob Kampia, Executive Director of Marijuana Policy Project. In a recent interview with MJINews, Kampia indicated that he sees the potential for plenty of activity for legalization advocates and marijuana investors.
Mark Kleiman’s recent piece in Slate argues against the commercialization of legal marijuana that would take it in the direction of Big Alcohol.
When there is money to be made, the bitterest of adversaries can discover common ground. So it is with the alcohol and marijuana industries, and the place to watch all this play out is Nevada.
Altria Group, Inc., in case the name is unfamiliar, is the parent company of Philip Morris USA, America’s largest tobacco producer. Rumors have circulated for years that “Big Tobacco” is poised to play in the cannabis industry … .
A decision by U.S. District Judge Kimberly J. Mueller in the federal district court for the Eastern District of California may have earthshaking consequences for the marijuana industry.
Legal is good. Legal and prosperous is better, as far as investors are concerned. Now that five jurisdictions have opened the door to a recreational marijuana industry, it is time to re-examine the legal structure it takes to support a healthy business climate.
On Tuesday, November 4, 2014, Washington, D.C., joined Alaska and Oregon to legalize recreational marijuana use. It was a perfect trifecta for recreational reform efforts.
On Tuesday, November 4, 2014, Washington, D.C., will likely vote to legalize recreational marijuana. It is the most heavily favored to succeed of the four marijuana ballot initiatives. Yet, as far as the investment community is concerned, this has earned a yawn and a big “So what?”
Federal and state civil forfeiture laws permit government agents to seize the property of a business acquired, even indirectly, from the proceeds of criminal activity.
As marijuana businesses in Colorado and Washington found themselves suddenly without working ATMs last week, it became painfully clear, yet again, that the industry has to find a way out of the banking dilemma created by the conflict between state and federal laws regarding marijuana’s legal status.
With edibles, as with tinctures and oils, it is now possible to produce strain-specific products with uniform chemical composition and potency because of developments in extraction and infusion technologies.
In legal terms, reciprocity refers to one state’s recognition of the effect of another state’s law, and the illustration usually given is driver’s licenses.
Yes, in Nevada, 2016 has already arrived. A petition drive to get full legalization on the 2016 ballot is in full swing. Furthermore, supporters only have until November 11, 2014, to collect 101,667 signatures, and success is not at all certain.
October is Breast Cancer Awareness Month. We all know women and men who have suffered from this horrible disease. In 2014, approximately 300,000 new cases will be diagnosed and 40,000 women will die.
After you, my dear Alphonse. That, according to an October 7, 2014, webinar, hosted by MJ Freeway and featuring the Marijuana Policy Project’s Executive Director, Rob Kampia, has been the position of many cannabusinesses.
According to Emily Paxhia, Founding Partner & Director of Relations at Poseidon Asset Management, LLC, marijuana investors look for opportunities that are ancillary, scalable and green.
Marijuana and mutual funds are not concepts usually found in the same sentence. Marijuana investments are notoriously volatile. A mutual fund, on the other hand, is the sort of stodgy vehicle that middle-aged people use to build retirement savings.
It’s a quiet morning. With a couple of hours of darkness, no one else needs anything of me yet. Coffee in hand, I can go where I want. Destination Ladybud.
Ethan Nadelmann, Founder and Executive Director of the Drug Policy Alliance, recently addressed the ArcView Investors Chicago Forum about the need for new marijuana capitalists to step up to the task of supporting drug law reform. In a nutshell, his message to new investors was that without continued focus on changing the law, there will be no place for investments to go.
When advocates of legalization look at the polls, it is hard to be worried about Oregon. There are always reasons to fret, but Measure 91 looks more likely to pass than ballot initiatives in Alaska or Florida. A SurveyUSA poll from early August showed Oregon voters supporting legalization at 51 to 42 percent, with 6 percent undecided. Should we let Oregon coast and focus on the other races?
Some invisible business spirit once whispered, “If you build it, they will come,” (or its variant, “If you book them, they will come). The hectic marijuana business conference schedule for the winter and spring suggests that marijuana entrepreneurs are not waiting for Election Day.
The countdown to Election Day has begun in earnest. For legalization advocates in Alaska, D.C. and Oregon and medical marijuana reform in Florida, the focus has shifted to voter registration and turnout. Many states will be observing National Voter Registration Day on Tuesday, September 23, in advance of local deadlines by which voters must register…
As recently reported, Philadelphia Mayor Michael Nutter will sign a compromise measure to decriminalize personal possession of 30 grams or less of marijuana, with the penalty dropping from possible jail time to a $25 fine. Philadelphia got it right in two major ways.
Illinois’s Compassionate Use of Medical Cannabis Pilot Program Act establishes a 4-year pilot program allowing the cultivation and dispensing of marijuana for medical purposes. Although the law became effective in January, 2014, much of this year has been spent building the regulatory framework necessary to administer the program.
Colorado is building a reputation as the national laboratory for getting marijuana mostly right, and the edible side of the industry is no exception. However, edibles present their own set of challenges from the regulatory perspective. Challenges range from the agricultural to the pharmaceutical to child safety.
Tedd Wetherbee has Washington State approval, issued under the provisions of Initiative 502, to open a marijuana business, and he leased a storefront in the town of Fife to do so. Earlier this summer, however, the Fife City Council adopted zoning regulations that went beyond the usual restrictions on location, signage and hours of operation, to ban all marijuana businesses in town.
Prospects are starting to look dicey for Ballot Measure 2, which would legalize marijuana in Alaska. Smart Alternatives to Marijuana, the brainchild of legalization foe Kevin Sabet, has seized the advantage, and polls are now running 49 to 44 percent against, a shift from the 55 percent approval rate in early 2014.
Legalization seems to be losing ground in Alaska, where, in the latest Public Policy Poll, 49 percent of those polled said they would vote “No” on legalization, with 44 percent saying “Yes” and 8 percent “Not sure.”
On August 25, 2014, Organigram, Inc. and Bedrocan Canada, Inc. will open on the TSX Venture Exchange. This gives investors two licensed Canadian producers to explore, in addition to Tweed Marijuana Inc.
Medical marijuana has been legal in the District of Columbia since 2010, but dispensaries did not begin opening until the spring of 2013. They have had a pretty rugged year, operating within the confines of a highly restrictive law. That may be about to change, however, because the District’s Council has made moves.
Anyone who has ever succumbed, credit card in hand, to the siren song of a garden catalog that arrives during a February snowstorm realizes that there is money to be made from hobby gardeners. But when the crop is marijuana, the motivation is more likely to be medical than horticultural.
Budding entrepreneurs of all strains need two kinds of advisers: an accountant and an attorney. Leaving accounting aside for the moment, let us focus on what to look for in a marijuana business attorney, given the friction between federal and state law where marijuana businesses are legal and regulated.
Pot culture has been described as testosterone-fueled boys’ club in which women are objectified as “hot pot babes.” What happens on the stoner side of things seeps insidiously into the world of policy reform and legitimate business. Statistics are scarce, but the legal marijuana industry also seems to be heavily male dominated and more than a little alien for many businesswomen.
Many were puzzled earlier this spring when Gov. Andrew Cuomo and the New York State legislature reached a deal to legalize medical marijuana, but only in vaporizable form and only for a list of conditions that changed up until the last moment.