A bipartisan group of senators is stepping up the push to let marijuana businesses store their profits in banks, with a possible vote coming as soon as this week. Under the current federal prohibition of cannabis, many banks refuse to do businesses with marijuana growers, processors and sellers that operate legally in accordance with a […]

Five years ago, when I first started following publicly-traded cannabis stocks, there was little substance to the small universe of companies that purported to be in or providing goods or services to the industry. Fortunately, now there are many legitimate companies, some generating substantial revenue. Despite this significant progress, there are still hundreds of companies […]

Most businesses keep meticulous records of their inventory and sales, tracking how much and which varieties of product they move and at which times. This is even more true for industries like alcohol and cannabis, which need to demonstrate to regulators that they are following all necessary laws related to how they sell controlled substances. […]

The US has always had a turbulent relationship with cannabis. The substance has often been portrayed as a villainous, addictive, mind-altering drug, with harrowing consequences if used even once, as the below video demonstrates. However, as laws become more passive to the sale and possession of cannabis, so have the attitudes surrounding its use. For […]

The duopoly may be soaking up all the growth in digital advertising, but not the ad dollars of one growing category: weed marketers. That’s because Facebook and Google won’t accept marijuana ads. A Google spokesperson said the company doesn’t allow marijuana ads on either the display or search side because the product is illegal on […]

A steadily growing number of banks are willing to open accounts for marijuana businesses, according to new federal data. Even as a string of conflicting signals from the Trump administration surrounds the debate about legalization with uncertainty, the number of depository institutions that are actively banking the cannabis industry has increased roughly 18% since the […]

The Event for Cannabis Cultivators is in Denver, Colorado TODAY & TOMORROW! The 6th CannaGrow Expo will be hosted October 28 – 29, 2017 in Denver, CO at the Crowne Plaza Denver Airport Hotel & Convention Center. CannaGrow Expo is a two-day educational conference & exposition dedicated to the art & science of growing cannabis. […]

Disclaimer: This column is written for educational purposes only. It does not provide specific legal advice and does not create an attorney-client relationship. This column should not be used as a substitute for competent legal advice from a licensed attorney in your state. I recently took a road trip up through the Pacific Northwest region […]

There’s no denying that the growing success of the cannabis industry has led to some altruistic outcomes. Whether it’s through public school funding or special programs for veterans, tons of money and resources have been put towards the betterment of society. However, many charities are still shunning contributions from marijuana companies, even those located in […]

Opening a medical marijuana dispensary in Florida naturally comes with a lot of red tape. Marijuana is still considered an illegal substance at the federal level, despite the 29 states that have legalized it for recreational or medicinal use in recent years. That makes it nearly impossible for banks to fund marijuana distributing companies, which […]

When Colorado and Washington became the first states to legalize recreational marijuana in 2012, few could have predicted the scale of the growth which would bloom across the industry. Legal marijuana sales in the US and Canada are now expected to pass $20.2 billion by 2021 at a predicted annual growth rate of 25 percent, […]

Most cannabis business owners eventually confront the stresses of working in an all-cash environment. If you’re lucky, you’ve found one of the 368 reported banks or credit unions providing limited services to the industry under FinCEN guidelines. You might be experimenting with more exotic solutions like cryptocurrencies or pre-paid services like Tommy Chong’s Green Card. […]

Cannabis has been legalized for medical use in 29 states and approved for recreational use in eight, and market observers, including the majority of financial advisors, believe it is only a matter of time before its national prohibition comes to an end. That means we are witnessing the birth of a new industry, akin to […]

You’ve got a new product. How much of it will you sell next year? The guys preparing the slide decks for VC pitches will show astronomical growth. The person asking for budget to produce the product may hear low-ball estimates from the stingy CFO. Somewhere in between is going to be the truth, and it’s […]

Cannabis review site MassRoots (OTCQB:MSRT) has announced an agreement to acquire software developer Odava for $1.75 million, for essentially an all-stock deal with a tiny cash component. Odava makes point-of-sale software for cannabis dispensaries and growers to track their activities and report in a regulatory-compliant manner. MSRT is hoping to integrate its cannabis user review […]

In an industry rife with “extreme uncertainty” at pretty much every level, the best thing business leaders can do is ‘Be Ready.’ This is both the slogan and the guiding principle of the newly launched National Association of Cannabis Businesses (NACB). Founded by Joshua Laterman – who spent 20 years working in business management and […]

Go to a California cannabis event and you’re likely to walk away with a free hat—or a bumper sticker, or a t-shirt, or tote bag emblazoned with a cannabis company’s logo. But under a bill being considered in the state Legislature, all that branded merchandise would go up in smoke. Senate Bill 162, by state […]

The war on drugs or at least the cannabis industry is heating up and certain to create even more nervousness among cannabis investors. While the Department of Justice has its hands tied with regards to being funded to pursue cannabis law breakers, other parties are cracking down. In April, the U.S. Customs and Border Protection […]

Matt Walstatter fell into the cannabis business like many people do; he got sick. Really sick. In 2003, a bad case of flu and pneumonia turned into painful gastrointestinal symptoms that wouldn’t go away. For 10 years he vomited every day. He lost 50 pounds in the first six months. After trying everything and seeing […]

A handful of states are considering making recreational marijuana legal, and the businesses already doing that in Colorado could be examples for others. Because it’s still illegal at the federal level, they face different barriers than your average small business. From the very beginning of the growing process, Colorado cannabis plants are highly regulated. Tim […]

No matter who wins on Election Day, cannabis will have a big day at the ballot box. Five states — Arizona, California, Maine, Massachusetts and Nevada — have initiatives to legalize marijuana for adult recreational use. Four states — Arkansas, Florida, Montana and North Dakota — have proposed legalizing marijuana for medical purposes. All of […]

With autumn tightening its grip on Alaska, the state’s first-ever commercial marijuana harvests are underway. At Greatland Ganja, a marijuana grow in this small town on the Kenai Peninsula, brothers Leif and Arthur Abel are nearly finished pulling their cannabis plants from the high tunnels they call “gnome domes,” where 10 different strains grew throughout […]

Cowen and Company joins the ranks of the few mainstream research firms to officially begin covering the cannabis industry. A comprehensive 100 plus page report with contributions from ten different analysts was issued by Cowen Washington Research Group on September 12. The Cowen group is forecasting that the marijuana market will grow to $50 billion […]

I often write about the legal side of and opinions about the cannabis industry. Much of what I write about is culled from anecdotal experiences within either my personal practice or observations in regard to the industry. I recently had a trip to Portland, Oregon to spend time learning and understanding a little bit about […]

Working across Canada and the United States, we’ve seen our fair share of tracking frameworks. For the most part, tracking is a compliance requirement, so that regulators can control the production and distribution of cannabis products. Software providers should focus on suppliers of cannabis products by developing tools that streamline operations and provide business intelligence […]

After the first five months of the year, Colorado is on pace to reach $1 billion dollars in cannabis sales during 2016. The Colorado Department of Revenue released data Wednesday showing that Colorado cannabis shops reeled in nearly $98.6 million in sales during May, bringing the year-to-date tally for 2016 to just over $486 million. […]

People who sell medical and recreational cannabis in states where it’s legal have become accustomed to seeing their social media pages go dark unexpectedly. Selling or using cannabis for any reason is still federally illegal, and companies like Facebook, Google, Instagram, and Apple remain wary of being held liable for the pot content they allow […]

Cannabis is a multi-billion dollar industry in the United States, and the cannabis plant is characterized by some as its most valuable asset. Some strains of cannabis stand out as superior based on a number of factors including yield of seed, fiber and cannabinoid content. Various strains are adapted for particular regions and cultivation environments. […]

In many ways, brand marijuana was established a long time ago. The accoutrements of weed smoking found at head shops in cities and college towns across the U.S. were all adorned with requisite motifs: dancing bears and tie-dyed swirls, skull-faced jesters and Rastafied marijuana leaves. Now that cannabis and its offshoot products are available legally […]

Marijuana Infographics recently posted an image describing the surge of cannabis events in the United States. According to the graphic above, “marijuana conferences have exploded from 1 in 2013 to over 30 planned in 2016.” With so many canna events to choose from, we wanted to examine one cannabis conference that is worth our time […]

In the last two years of legal marijuana sales in Colorado, there has been a cornucopia of 420-friendly events — arty dinners, joint- and sushi-rolling classes, speed dating happy hours and even bus tours of residential Christmas light displays. But no entrepreneur has yet figured out the tricky cannabis event space as well as Kendal […]

DispensaryNext Conference & Expo is making its second appearance in Portland, OR this February 1 + 2, 2016 at the Red Lion Jantzen Beach Hotel. Whether you are in the process of starting a dispensary or working to maintain a world-class shop, this event is designed for you. As an attendee of DispensaryNext, you will […]

In a land where heaps of cannabis have been continually cultivated since at least the 1970s, it’s interesting to think new legalization and recreational cannabis laws will have any actual effect on the Oregon scene. At this year’s first CannaGrow Expo, a two-day educational event dedicated to the art and science of growing cannabis, it […]