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 […]

This Ain’t Your Daddy’s Pot a Question of Potency

By |June 22nd, 2017|

Hopefully you are as sick of reading that headline as I am. For years we’ve been hearing about how much stronger our pot is than it was in the 1960s and 1970s. It’s certainly true but how much stronger is it? First of all let me clear up an important aspect of this comparison. According […]

Pinnacle Consultation’s Fowlkes Returns from Oregon Consults

By |March 17th, 2017|

With stops in St. Helens, Cornelius, South Beach, Hebo, Portland, Dayton and Gaston, Kris Fowlkes, director of commercial operations at Pinnacle Consultation (PinnacleConsultationInc.com), was on the go during a recent ten-day trip to provide that one-on-one personal attention for which Pinnacle Consultation is known. Pinnacle Consultation, a Colorado-based cannabusiness consulting firm, has seen its Oregon client base […]

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 […]

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 […]

Green Rush Buzz

By |February 1st, 2017|

 

It’s 420 somewhere and everyone is lighting up. Where are they getting their product? From you! Are you ready to get started with a cannabusiness? Pinnacle Consultation can provide assistance for every step along the path to getting your cannabusiness up and profitable. Pinnacle Consultation can help with your business plan, site location, financial projections, operational plans, licensing assistance, […]

Pinnacle Consultation: Oregon FAQs

By |January 23rd, 2017|

Pinnacle Consultation has seen an upswing in clients seeking to do business in Oregon. So many in fact, its experts have put together a list of frequently asked questions. For more information contact Pinnacle Consultation’s main office at 719.330.5301.
Oregon Licensing – General
 Q: Do you have to be an Oregon resident to receive a license?
A:  Due to recent legislative changes […]

Health Canada: MMJ Program Grows

By |December 5th, 2016|

Health Canada reported rapid growth in its Medical Marijuana Access Program. According to Health Canada data, patients enrolled in the program grew almost 30 percent in the quarter ending Dec. 31, 2015 to 39,668.  This is 157 percent growth from a year ago.  It is an acceleration from the 27.6 percent sequential growth reported in the prior quarter.  The quarter […]