Robert DeLeo Suspends Negotiations on Massachusetts’ Recreational

By |July 6th, 2017|

There is a recent announcement of suspension of negotiations for recreational marijuana rules in Massachusetts. Robert Deleo announced this suspension on Wednesday, July 6th. The Massachusetts House lawmakers are looking to repeal the voter approved initiative and replace it with a much more restrictive version. However, the State Senate looks to only make a few […]

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 […]

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 […]

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 […]

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 […]

MJ Blowing Up: Cannabis Investors Want In

By |January 25th, 2017|

Be it CBD, THC or hemp, the cannabis (MJ) industry is blowing up! If you think not, look at some of the latest information out of Colorado.

Colorado reported more than $486 million in medical and retail cannabis sales through May 2016. During that time, taxes and license fees totaled more than $71.4 million. Sales are expected to exceed $1 billion […]

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 […]

Cannabis Grow Start-up FAQs

By |November 9th, 2016|

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 […]

Election Day 2016: 420 Ballot Issues

By |November 7th, 2016|

As Election Day 2016 nears, marijuana activists are assuring cannabis gets its day in the sun and on the ballot. And whether you counting 13, 8 0r 5 states, marijuana will be on the ballot this fall.
Election Day 2016
Arizona – The Arizona Regulation and Taxation of Marijuana Act would legalize the possession of up to one […]