Game of Clones: The Many Ways to Root a Clone

By |July 30th, 2017|

Game of Clones: The Basics
There are several ways to cut, root and grow a clone. The traditional method is to make a diagonal cut on a stalk of new growth on a plant. To identify the new growth, look for a stalk with a light color cluster of new leaves. These stalks of new growth […]

Colorado Attorney General Works with DEA on Toker Poker Bust

By |June 28th, 2017|

Today in Denver Colorado the Attorney General Cynthea Coffman did exactly what Colorado marijuana business owners don’t want to see. She and several law enforcement divisions throughout Colorado colluded with the DEA. They worked together  to serve up the so called “Toker Poker” bust. This bust wasn’t just in Colorado. The accused are from several […]

Minnesota MMJ Workers Ratify Union Agreement

By |February 24th, 2017|

On Jan. 12 MMJ workers at Minnesota Medical Solutions in South St. Paul (Minn.) ratified a new, three-year union agreement. The workers are represented by United Food and Commercial Workers Union Local 1189. Minnesota Medical Solutions is a Vireo Company.

It includes:

annual wage increases for all employees
progression increases
additional pay for new lead positions
premiums when training […]

MED Onsite?

By |February 22nd, 2017|

Compliance violations can devastate a cannabusiness. Penalties range from revocation of licenses to fines. Before the MED pops in on your dispensary, grow, or processing facility, have Pinnacle Consultation perform a compliance audit.

Common violations include:

Failing underage compliance checks
Record-keeping/METRC compliance issues
Inadequate camera coverage
Inadequate security for recording devices
Failing to disclose all […]

The Tax Man Cometh

By |February 12th, 2017|

The Tax Man cometh, and cometh and cometh. At least that’s how it feels in cannabis Colorado. The Internal Revenue Service is auditing some 30 cannabusiness pioneers for tax years 2014 and 2015 because of the cash nature of the industry.

Uncle Sam has a way of keeping track of drug (expect pharmaceuticals) money with IRS […]

Private Placement Memorandum

By |November 30th, 2016|

Private Placement Memorandum. PPM. I’m not talking about a business plan here.

A Private Placement Memorandum is a legal document provided to prospective investors when selling stock or another security in a business. It is also call an offering memorandum or offering document. It is a vehicle to secure financing.

A Business Plan is a formal statement of business goals, reasons […]

Oregon to Vote on Recreational Pot Again

By |October 26th, 2016|

Election Day 2016 offers Oregon voters more than Presidential choices. It offers Oregon voters in 50 plus communities the chance to opt-into the recreational cannabis market. The very lucrative, ever growing, cannabis market. Communities seeking tax dollars to replace dying industires like logging and mining are looking to gain tax dollars from retail cannabis sales. Sales those communities rejected […]

The Tax Man Cometh

By |October 20th, 2016|

The Tax Man cometh, and cometh and cometh. At least that’s how it feels in cannabis Colorado. The Internal Revenue Service is auditing some 30 cannabusiness pioneers for tax years 2014 and 2015 because of the cash nature of the industry.

Uncle Sam has a way of keeping track of drug (expect pharmaceuticals) money with IRS […]

Michigan Update

By |October 7th, 2016|

Michigan voters legalized medical marijuana in 2008. And law enforcement has been raiding dispensaries ever since.

Michigan’s Gov. Rick Snyder ® recently signed bills to establish medical cannabis industry rules and regulations. The bills establish a licensing system for MMJ businesses, legalize infused products and require a seed-to-sale tracking system.

“We can finally implement a solid framework that […]

Compliance Violations

By |August 17th, 2016|

Compliance violations can devastate a cannabusiness. Penalties range from revocation of licenses to fines. Before the MED pops in on your dispensary, grow, or processing facility, have Pinnacle Consultation perform a compliance audit.

Common violations include:

Failing underage compliance checks
Record-keeping/METRC compliance issues
Inadequate camera coverage or inadequate security for recording devices
Failing to disclose all owners or financial […]