$100 Million in Pennsylvania Medical Marijuana Sales

By |March 11th, 2019|

The Pennsylvania medical marijuana market is booming. The Pennsylvania Department of Health recently announced that patients purchased almost $100 million of medical marijuana just within the first year of legalization. 83,000 Pennsylvanians hold medical marijuana cards. With sales like the above, this equates to over 600,000 transactions occurring amongst the 45 dispensaries in the state.

 
“The […]

Kentucky Cannabis Up Next?

By |January 14th, 2019|

Medical marijuana is currently legal in 24 states. And recreational use is legal in Washington, Oregon, California, Nevada, Colorado, Alaska, Michigan, Vermont, Maine, Massachusetts, Washington, D.C., and Michigan. Will Kentucky cannabis soon be added to the MMJ list?
New Year, New Bills
Lawmakers recently released a new medical marijuana bill – House Bill 136 – in the state […]

Why Isn’t the California Cannabis Market Booming?

By |January 2nd, 2019|

The California cannabis market was supposed to herald a new dawn in the industry. A state the size of California had so much potential. Many thought adding recreational use would make it one of the biggest and most successful markets. The West Coast’s markets aren’t exactly failing, but they certainly are struggling amidst high taxes and […]

Recreational Marijuana Law Takes Hold in Maine – Governor Overridden

By |May 21st, 2018|

Maine can’t say the Governor didn’t try. The recreational marijuana market is now officially law. It is slated to launch possibly by 2019, but most likely by 2020. Gov. Paul LePage had previously vetoed the proposed cannabis bill. But the second time around, on May 2nd, lawmakers in the state opted to override the governor.

Back […]

Medical Marijuana Licenses Released in Michigan

By |March 30th, 2018|

Spring is here! Michiganites are ready for their medical marijuana licenses.

Mega-growers of medical marijuana will soon find out if their applications have been accepted by the state of Michigan. Medical marijuana licenses will be released this spring. Three levels of licenses were developed within the state: Class A (allowing up to 500 plants); Class B (allowing up […]

California Cannabis Tax: At What Expense?

By |March 8th, 2018|

Recreational marijuana sales officially began January 1st in the state of California. With a market as big as California, marijuana tax revenue potential is extremely high, like beer sales level high. A recent state of the industry report performed by BDS Analytics estimates by the end of 2018, cannabis sales will reach $3.7 billion. Then […]

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 […]

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 […]

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 […]

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, […]