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 […]

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 […]

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 […]

Supreme Court Refuses Lawsuit Against Colorado Pot

By |January 16th, 2017|

The United States Supreme Court, by a 6-2 vote, refused to hear a case from Nebraska and Oklahoma to sue Colorado over its cannabis law. The attorneys general Jon Bruning (Nebraska) and Scott Pruitt (Oklahoma) filed the suit claiming federal prohibition against the state of Colorado for its marijuana legalization law. There were no lower […]

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 […]

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 […]

MJ Blowing Up: Cannabis Investors Want In

By |October 31st, 2016|

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 […]

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 […]