Senate Appropriations Committee Approves Bill to Protect Medical Marijuana

By |July 29th, 2017|

Details of bill
Thursday of this week the Senate Appropriations Committee approved a bill to go forward to the senate to extend protections for states with medical marijuana. This bill is in direct contradiction to Jeff Sessions’ as well as the DOJ’s position on marijuana. This bill is still far from law at this point. The […]

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 […]

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 […]

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. […]

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 […]