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, […]

Security Violations: What to Look For

By |February 27th, 2017|

Security and surveillance system issues are often found during reviews of other non-related infractions. An incident at your dispensary, processing facility or cultivation site can bring a visit from local fire and health inspectors as well as state and federal investigators.  One of the first things they will want to do is review your  surveillance system. The review of […]

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 […]

Drug Test Tips

By |February 3rd, 2017|

Marijuana might be legal for medical or recreational consumption in more tha half the United States, but requiring a drug test and terminating an employee because of results is still in the hands of the employer.
Tips for Workers

Know how marijuana works in the body.
Review company policy regarding marijuana use.
Company policies trump personal rights to use.
[…]

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 […]

Drug Test Tips

By |December 16th, 2016|

Marijuana might be legal for medical or recreational consumption in more than half the United States, but requiring a drug test and terminating an employee because of results is still in the hands of the employer.
Drug Test Tips
Tips for Workers

Know how marijuana works in the body.
Review company policy regarding marijuana use.
Company policies trump personal rights to use.
Consider a […]

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 2016 Cannabis Ballot Issues

By |November 16th, 2016|

Upon the heels of Donald Trump’s election, four states approved retail adult use of cannabis and four approved medical marijuana use. That brings the total to 28 states with a legal cannabis industry.

California, Maine, Massachusetts and Nevada will join Colorado, Oregon, Washington, Alaska and the District of Columbia to offer cannabis for adult use. Arkansa, Floridas, Montana and North Dakota […]

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 […]