business plans marijuana

June 25, 2018

Advertising Los Angeles Marijuana Business

There is no question marijuana, including medical marijuana and marijuana for recreational use is big business in the greater Los Angeles area. Like any business, advertising is often needed to bring in new patients or customers, but many are concerned about where and how marijuana businesses choose to advertise.

l.a. marijuana lawyer According to a recent news article from the Los Angeles Times, this massive growth in the legalized marijuana industry has led to equally massive ad campaigns some of which feature full-sized billboards being placed around our area. One of the major concerns is that legalized marijuana will lead to an increase in illegal marijuana use among minors, especially in the case of teenagers. Continue reading

March 18, 2018

Legal Marijuana Lounges On the Rise in CA

By Cannabis Law Group

Long before anyone even thought about the possibility of legalizing marijuana for recreational use, or even medical marijuana in the U.S., cannabis has been legal in Amsterdam. This led many college students to travel to the city and visit the fabled coffee shops where they could not only purchase marijuana, but could sit at the bar and smoke a joint, or “spliff” like a civilized person without the fear of being harassed or arrested by the police. For this reason, Amsterdam was for decades the world’s leading destination for marijuana tourism.

Caifornia marijuana lawyers When legalized recreational use marijuana came to Colorado, other western states, and now California as well, the concept of cannabis tourism became possible in the U.S. The problem, however, is while it is legal to go to one of these states and purchase marijuana, assuming you are over the legal age of 21, laws prohibiting public consumption of marijuana made anything other than the use of edibles very impractical. For anyone staying in a hotel, most are non-smoking entirely, and this also includes the use of marijuana products. Continue reading

July 25, 2017

California’s Recreational Marijuana Laws Can Expose Cannabis Businesses to New Operating Expenses

By Cannabis Law Group

The legalization of recreational marijuana use in California has presented many lucrative business opportunities within the cannabis industry. The Hill reports that Washington and Colorado surpassed one billion dollars in annual sales of marijuana in 2017 after legalizing its recreational use. California, by contrast, brought in two billion dollars of sales of medical marijuana in 2016. Cannabis business in California is projected to bring in five billion dollars in annual sales once the business provisions of the Adult Use of Marijuana Act take full effect in 2018.

cannabis business lawyers

Like any new business venture, however, new opportunities bring new challenges and expenses. For cannabis businesses which are prepared to manage these expenses, the opportunities can bring lasting cash flow to a growing industry. Continue reading

June 17, 2017

Marijuana Vending Machines May Be Coming Soon

By Cannabis Law Group

According to a recent news article from Time, a marijuana vending machine may be hitting the market soon. This device uses a fingerprint scanner to verify the identity of the purchaser before it will dispense any marijuana. This can be used to verify the age of the buyer as well as whether the buyer is one of the registered medical marijuana patients in areas where recreational use marijuana is not legal.

Marijuana Business Lawyer LA While it may seem strange to have a marijuana vending machine, there are various reasons why this may be helpful to many consumers. The first, as discussed by the company spokesperson, is that it will allow a person to get medical marijuana without having to run into someone from school, work, or church, for example. Continue reading

May 6, 2017

Cannabis Health Index as the New Bible of Medical Marijuana

By Cannabis Law Group

There is no question that marijuana has legitimate medical uses and benefits. It has been proven to help people with cancer and cancer-related issues as well as a variety of other serious medical conditions. It helps people who suffer from anxiety and post-traumatic stress disorder (PTSD), and other psychiatric conditions.

However, there haven’t been a lot of studies, because Congress still refuses to take medical marijuana off Schedule I of the U.S. Controlled Substances Act of 1970 (USCSA), and this may not change for quite some time, despite the majority of Americans now supporting legalization of medical marijuana. Continue reading

December 10, 2016

California Marijuana Law Erroneously Allows Tax-Free Marijuana Through 2017

By Cannabis Law Group

California’s new marijuana law could cost millions in taxpayer dollars before it actually raises billions, thanks to a technicality in the language of the law that was just passed.

Prop. 64, which legalized recreational marijuana, was always intended to raise substantial tax revenue for the state. However, it was intended to do so with a 15 percent excise tax on both medicinal and recreational marijuana. The law also imposes a 7.5 percent sales tax on top of that for recreational marijuana, but repealed it for medical marijuana. Medical marijuana buyers have been paying that sales tax since the drug first became available as medicine. The idea was that medicinal users of the drug would get a tax break relative to recreational users once recreational sales start in January 2018. However, there was one problem: The 62-page initiative did not include the January 2018 target date relative to the repeal of the medical marijuana sales tax.

That means the repeal of medical marijuana sales tax in California became effective immediately. It also means that medical marijuana may be obtained tax-free in California until next January, when it will be under that 15 percent tax. Continue reading