As medical marijuana legalization is becoming law of the land in states across the country, many states are struggling with best practices and how to implement the laws quickly and correctly. It often falls to state departments, local legislatures, and other agencies to sort out licensing and sales practices. Though…
The passing of Proposition 64 in 2016 legalizes recreational marijuana in California as of January 1, 2018. This will increase the opportunity for marijuana businesses to grow throughout the state. According to an article from Forbes, California cannabis business owners are projected to make $5.2 billion in revenue in 2018,…
With the vote to begin recreational marijuana sales in California, cannabis business owners must navigate new waters to establish themselves with consideration of local and state laws. They also must circumvent federal laws, which still prohibit marijuana sales and use. Another major consideration that is coming into play is how…
The owners of a marijuana dispensary in Colorado are challenging a provision of U.S. Tax Code that the Internal Revenue Service has interpreted to mean state-legal marijuana businesses should not be allowed to take deductions or claim credits. The couple asserts in a brief filed in U.S. Tax Court that…
Cultivation and sales of marijuana to recreational users will soon be legal in California, and ahead of that schedule, the Bureau of Cannabis Control (previously the Bureau of Medical Cannabis Regulation) has issued a regulatory framework that covers everything from concentration of edibles to zoning rules. Excitement in palpable as…
While legal sales of recreational marijuana in California will be a reality in a matter of weeks, it’s also true that marijuana businesses face some major logistical hurdles. One of the most difficult among those challenges is being forced to do cash-only commerce. Because marijuana is still illegal at the…
Researchers in Colorado are exploring the ways in which “dabbing” – a form of rapid consumption of cannabis concentrates by vaporizing – can impair one’s ability to drive, and they’re doing it with iPods. A group of researchers from the University of Colorado Boulder are teaming up with a researcher…
Marijuana business owners have many reasons to carefully manage their assets. Now, a recently-published article by the U.S. Department of Justice’s Executive Office for U.S. Trustees gives another: Marijuana businesses cannot expect help with liquidation or restructuring in the event of bankruptcy. The executive office for trustees is the watchdog…
Last week, the state of California started accepting applications from marijuana businesses and start-ups seeking to operate within the state’s legalized marijuana industry in 2018. This is a major milestone from this burgeoning market, and it’s being furthered by a new online system that will allow retailers, distributors and product…
As everyone knows, medical marijuana is illegal under federal law because it is listed as a Schedule I drug. While a majority of states and the District the Columbia have legalized medical marijuana, the federal government could theoretically (though not practically) crack down on these states and their residents at…