Colorado Marijuana Sales Stay Consistent from Q4 to Q1

By |July 21st, 2017|

Marijuana sales Q4 FY2016 to Q1 FY2017
Colorado has recently reported $500,000,000 in tax revenue collected since 2014. That equates to $17,241,379,310 in marijuana sales. This has investors and potential owners drooling. We have calculated the quarterly sales between quarter four of fiscal year 2016 as well as quarter one of fiscal year 2017 from the […]

Ganjapreneurs Have One Year to be Ready for Canadian Legalization

By |July 16th, 2017|

In July 2018 Ganjapreneurs have the opportunity to cash in on Canada’s cannabis market. Justin Trudeau is late to his 2017 deadline however, Canada will be ready for nationwide recreational sales in July 2018.  The delay is frustrating for some, but for those who haven’t invested in Canada yet this extra time may be a […]

Greece Legalizes Medical Marijuana Opening the Door for Cannabusiness

By |July 13th, 2017|

Last week Greece legalized marijuana for medicinal use. The current Prime Minister Alexia Tsipras has opened the door for medical cannabis businesses to start planning. Just like any business owner it is important that Greek purveyors have the proper business plan and start-up capital. Potential business owners must first decide the scope of their business […]

Update on I-300 The Social Use Initiative

By |July 2nd, 2017|

There is an update on Initiative 300, the social use initiative in Denver, CO. The release of a zoning map has brought up some concerns with Colorado pot activists. Another concern is the $2000 application fee that may or may not get you started on the licensing process. If you read the previous blog on […]

Time to Participate in the MED Summer Legislation

By |June 30th, 2017|

This summer you have a chance to be part of the brainstorm for 2017 rule making as well as legislation. The MED (Marijuana Enforcement Division) allows public input in the five meetings scheduled for this summer. We mentioned in a previous blog that the MED will allow license changes and will accept new license applications. […]

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 […]

Live Resin Concentrate on the Rise

By |May 10th, 2017|

With so many options for consumers to choose from in the concentrate category, why is live resin so popular? Wax and shatter seem to be on the decline when it comes to sales numbers. As consumers in legal states become more particular it is important for dispensaries to keep up with demand. To figure out […]

Tax Check List

By |March 31st, 2017|

As December 31 fades in the rearview mirror and another year appears in the headlights, it’s time to think ahead to 2017 Tax Season. The Tax Man will be here sooner than you think.

While reviewing year-end financials, keep these things in mind:
Cash
Count your cash

When thinking of the cannabis industry, one thinks of cash. And lots of it, […]

Cannabis Grow Start-up FAQs

By |March 3rd, 2017|

Pinnacle Consultation has been swamped with questions about starting a medical or retail cannabis grow. To better aid those seeking to enter the legalized marijuana market here are a few FAQs.

Q: How is growing marijuana regulated?

A: Because marijuana remains illegal at the federal level, there is myriad of state and local laws to navigate. Each […]

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 […]