Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
On Jan. 9, 2017, MedMen, a turnkey marijuana management company based in California, acquired Bloomfield Industries, one of New York’s five organizations licensed to grow and distribute medical marijuana
The marijuana industry is proving to be profitable for landlords, with businesses willing to pay premium rents. Conversely, it is also complex and has many details from a risk management standpoint.
Can a taxpayer who sells medical marijuana which is subject to the IRC §280E disallowance rules also be engaged in another business not subject to IRC §280E?
On Dec. 15, 2016, the Arctic Herbery opened its doors to recreational cannabis customers in Anchorage, Alaska.
On Dec. 9, 2016, the Natalie M. LaPrade Maryland Medical Cannabis Commission named the 102 recipients of Stage One dispensary license pre-approvals, concluding the state’s application process for growers, processors and dispensaries.
On Dec. 9, 2016, the journal Cannabis and Cannabinoid Research announced the results of a recent study of dispensary staff, with only 55% of dispensary staff reporting that they had received formal training to dispense cannabis to consumers.
On Dec. 8, 2016, Assistant Professor Paul Seaborn of University of Denver’s Daniels College of Business released the Colorado Marijuana Market Report, an analysis of the Colorado Marijuana Enforcement Division’s raw license data that found Colorado had a record-high of 2,913 active marijuana business licenses as of Dec. 1.
According to a recent report from Cowen and Company, the legalization of cannabis is starting to affect beer volumes in Colorado, Oregon and Washington.
In Anchorage, Alaska, the Alaska Department of Revenue’s Tax Division has started to receive its first batch of cash tax payments on legal cannabis sales and transfers.
On Nov. 23, 2016, OrganiGram Holdings Inc. (TSXV:OGI), a licensed producer of medical marijuana in Canada, announced that the company had been chosen by Trailer Park Boys, a Nova Scotia-based Netflix original series, as its exclusive marijuana producer, business partner and brand developer.
The Oregon Liquor Control Commission announced via email on Nov. 17 that it’s anticipating an influx of applications from prospective recreational marijuana businesses. If you hope to become a licensed recreational processor and want to avoid delays in having your application processed, compliance is critical.
The Humboldt Institute for Interdisciplinary Marijuana Research, based at Humboldt State University, has launched the HIIMR Medical Cannabis Business Registry to capture data on California’s marijuana industry.
Like all companies that sell marijuana products, Washington state-based Interra Oils must comply with a myriad number of packaging and labeling rules before it can make a sale.
Last month, the U.S. Court of Appeals for the Ninth Circuit in San Francisco issued an opinion in United States v. McIntosh that essentially eviscerates the power of the federal government to prosecute cannabis businesses that strictly comply with state medical marijuana laws.
Scotts Miracle-Gro built a multi-billion dollar business by being a market leader across several categories of the lawn-and-garden industry. The problem? Those categories weren’t growing all that fast.
A group of professionals from Maine’s business community have come together to call for better regulation of the state’s marijuana industry.
Neil Yorio, formerly a researcher at NASA, has taken his expertise preparing for space flight and applied it the craft of growing cannabis and other plants. Yorio. who used to work in NASA’s Bio Regenerative Life Support Systems program, is now the vice president of LED agricultural lighting at BIOS, a company that custom engineers LED lights for both human and plant use.
The state approved its first licenses for commercial cannabis businesses Thursday, a major step for prospective retailers hoping to open shop before year’s end. Officially, the state’s first shop to be approved was Fairbanks’ Frozen Budz.
The Wild West of weed is on fire with entrepreneurial opportunities. Potpreneurs across America are legally growing, curing and cooking the skunky stuff in record numbers. As those who cultivate and sell the plant grow, so do the offshoot businesses sprouting up around them.
Those who dare, win — or so the saying goes. Or, in other words, taking big risks can yield big rewards. That’s what makes the world of venture capital so exciting, or, for the rest of us, a trip to the roulette table.
ST. PAUL, Minn. — Minnesota’s two licensed medical marijuana manufacturers each posted millions of dollars in losses in their first full year of operations, according to financial documents obtained by The Associated Press.
On Aug. 15, 2016, Tweed Inc., a wholly owned subsidiary of Canopy Growth Corporation (TSXV:CGC), is hosting the Front Yard Shindig, a free concert with multiple artists scheduled to perform on Tweed’s front yard in Smith Falls, Ontario.
The who’s who of Colorado’s marijuana industry gathered Saturday night for the unveiling of Willie’s Reserve, Willie Nelson’s cannabis company.
Few niche networks ever really made it big time. I can say that because if you just asked yourself to name a few vertically-focused networks, you’d probably scratch your head and come up empty.
A Seattle-based company specializing in packaged marijuana products distinguishes with a unique packaging design.
Even as the legalization of marijuana loses its shock value in some states, women still lag men in buying marijuana.
On July 21, 2016, Willie Nelson announced that Willie’s Reserve, the country singer’s premium cannabis brand, is making its debut at select stores in the state of Washington this month, with Colorado following in August.
When legal pot shops first opened up in America, there wasn’t a ton of thought given to retail design and aesthetics.
Somewhere in the coniferous forests of British Columbia, there’s a compound covered in Bob Marley posters, tiki masks, and more concentrated weed paraphernalia and idolatry than any other place in the world.
As business owners, managing risk is something we are all aware of, but it’s often pushed to the side, especially with new businesses, in the battle for cash flow and stability. We tell ourselves that we will work on risk once we are making money.
The letter from a top Oregon regulator delivered good news: Tisha Siler had won approval of her application for a medical marijuana dispensary license.
So which products are most popular? And will Edibles or drinks ever become the primary way users get high?
From industry members in the trenches to suits in corner offices, here are five events that show cannabis cleans up well, signaling the professionalization of the industry.
An effective executive summary gives a brief, high-level overview of your business, the financing that you are seeking, and it should pique the interest of decision makers.
Neighborhood push-back against a northeast Denver marijuana grow operation culminated Thursday in the city’s first-ever denial of a routine cultivation license renewal.
While operations have resumed, Care By Design has also released video evidence to prove that its labs extract cannabis oil with non-flammable CO2, not butane.
While the demand for edibles continues to rise, so too do the expectations for producers to follow good manufacturing practices and food safety plans consistent with federal requirements.
On June 16, 2016, the Southern Nevada chapter of NAIOP, a commercial real estate development association, held a meeting at the Orleans Hotel and Casino in Las Vegas to discuss the effects of medical marijuana on commercial real estate in Southern Nevada.
With cannabis poised to be America’s largest cash crop, cannabis cultivators can protect their investment by replacing questionable pesticides with non-toxic and natural pesticides.
As state after state has legalized marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all, is still illegal, according to the federal government.
Recreational cannabis businesses operate in a world of conflicting state and federal laws. Several states have legalized recreational cannabis, yet, under federal law, cannabis remains an illegal Schedule I drug under the Controlled Substances Act (CSA).
It has been nearly four years since Colorado and Washington legalized recreational marijuana, and the good times are still rolling.
The number of licensed medical marijuana patients who purchased cannabis in New Mexico grew from 18,062 in the first quarter of 2015 to 55,016 in the same period this year.
Tilray, a licensed cannabis producer in Canada and owned by Seattle-based Privateer Holdings, became the first Canadian company licensed by the Canada’s Marihuana for Medical Purposes Regulations to legally export medical cannabis cultivated and processed in Canada.
The cannabis industry is growing in every respect and events are no exception. From small regional meetings to full-scale 3-day expos across the United States, an industry enthusiast could spend 85% of the year going to events. But which ones are worth it?
It’s like forecasting early gold reserves in the heady days of California’s Gold Rush era. Revenue estimates that will come from legalizing marijuana are growing almost like weed itself.
Even though cannabis remains illegal under federal law, the federal government still has an interest in the wages, hours and working conditions of all cannabis industry employees.
It’s simple supply and demand. But when experts were analyzing market trends last year, and taking in the massive corporate bloom of the cannabis industry, most were expecting price hikes.
On May 6, 2016, the Washington State Department of Health announced that it had reviewed and approved two programs for medical marijuana consultant training, with both programs ready to register students.