By Doug Poretz The kneejerk reaction to a discussion about the cannabis industry is to be jubilant. After all, we see high growth among a wide segment of players from growers to lighting companies, a virtual tsunami of all sorts of deals and capital events at very high valuations, more states legalizing it for medical and/or […]
Opinions
Harrop: Why Canadians rule the cannabis business
President Donald Trump routinely waves his fist at alleged unfair trade practices, including at the hands of our good neighbor Canada. But what about playing fields that are uneven because the U.S. government makes them so? Witness the cannabis industry. It’s enjoying explosive growth worldwide, but Canadians are running away with the profits because Washington […]
Looking Beyond Tax and Banking Bills to Establish Sustainable Solutions for California’s Complex Regulatory Challenges
By Dr. John Oram Op-Ed More than a year after California became the sixth state to legalize adult-use marijuana, the legal cannabis industry has yet to live up to the high expectations envisioned by supporters of Proposition 64. The number of retail licenses issued is thousands less than state officials originally estimated and state revenue […]
Want to Envision The Future of The Cannabis Industry? Just Look at The Radio Business
By Doug Poretz Basic Premise #1: Fundamental changes in the way an industry is structured often ignite explosive and very disruptive changes in the very nature of that industry for all time. Basic Premise #2: Fundamental changes are going to come to the cannabis industry. Whereas it’s still highly speculative to predict the timing and exact shape […]
Why Advocacy Needs to be a Part of Your Communications Strategy
Heading into the November Midterms, it’s a perfect time to reflect on the myriad ways in which lawmakers and regulators affect our ability to do business in the legal cannabis sector—and how reaching those audiences needs to be an important part of any cannabis company’s overall communications strategy. So for my latest Cannabis Business Executive […]
Marijuana is not really legal in California if residents don’t have a reasonable way to buy it
California law allows adults to buy marijuana. It allows licensed businesses to deliver marijuana to customers, and it says specifically that cities and counties cannot prevent delivery services from traveling on public roads. Yet even though cities can’t stop deliveries traveling through their jurisdiction, many cities currently ban deliveries to their jurisdiction. That means that unlike deliveries of virtually […]
The Federal Government has acknowledged a patent on a cannabis based pharmaceutical as a legitimate and useful medicine
G.W. Pharmaceuticals accomplished a feat that is about to change the course of history. They achieved drug approval for a plant-based medicine related to cannabis for treatment of certain conditions in children! This doesn’t apply only to states that have legal adult use or medical cannabis. It goes a long way to answering the question […]
This, That and the Other Things
A big shout out goes to Neal Levine, Senior VP of Government Affairs of LivWell Enlightened Health and the Chairman of the New Federalism Fund (NFF) for the work that they have done lobbying Capital Hill and, specifically Senator Cory Gardner to fix the 280 E and banking problem that the Cannabis Industry faces. The […]
Cannabis, Guns and Our Individual Rights
Cannabis laws and the Second Amendment are on a collision course likely to increase the legal risks for individuals who share the same passion for the core American principles of freedom and liberty. While these industries seem mutually exclusive, it is becoming glaringly obvious that there is overlap among a wide range of demographics. In […]
Is It Okay To Use ‘Marijuana’ Instead of ‘Cannabis’?
As marijuana goes mainstream, people are rethinking the term, claiming we should ditch “marijuana” because it’s racist, and instead, say “cannabis.” Individuals should say what they like, but this rule is too simplistic for such a complex drug. We should develop more, not fewer, words for what we need to say. It makes sense that some want to […]
Why You Don’t Want Cannabis Rescheduled
As everybody already knows, cannabis is still federally illegal, but a growing number of states have made their stance clear on the subject. Recently, many state representatives have been evaluating every possible angle to create a program that won’t get interfered with by the federal government, especially in light of the recent comments coming out […]
Conflict of Interest and the Seven Deadly Sins
The Merriam Webster dictionary defines the term conflict of interest as: a conflict between the private interests and the official responsibilities of a person in a position of trust It goes on to include the legal definition of conflict of interest as follows: 1: a conflict between the private interests and the official or professional […]
A Harbinger of Things to Come?
Just 10 days ago, US Attorney Billy Simpson put Oregon on notice that it was producing too much marijuana to satisfy legal demand in the state. This past summer, the LA Times reported that the state of California had produced 13.5 million metric tons of marijuana in 2016 but its residents only consumed 2.5 million […]
Beware of Bad Actors: Vet Your Consultants
When it comes to launching a cannabis business in 2018, there are a million things you need to factor in to even get a license, let alone launch a successful operation. Whether you’ve been in the industry for six months or six years, a consultant is a popular approach to navigating the newly implemented rules […]
Who Are You In The Cannabis Industry?
When most people say they have been involved in an industry for five years, they usually are considered new to that industry. In the cannabis industry, five years is considered a lifetime because as we all know the business of cannabis is really no more than ten years old. Back when I started, there were […]
Sessions Memo: Release the Krakens
By Mark Goldfogel Attorney General Jeff Sessions’ decision to eradicate the four memos that stood as the legal foundation of the cannabis industry is somewhat shocking and certainly worthy of comment. Opinions of my friends in the industry would lead me to believe that this may spark the rebellion to end marijuana prohibition once and […]
Tell Your Senator – A ‘Yes’ Vote is Needed Now as a 280E Amendment Benefitting the Cannabis Industry is Slated to be Discussed During the Current Senate Tax Reform Session
You have just today and tomorrow to tell your state senator to vote yes on one of the most critical parts of the IRS code that affects the cannabis industry. Today, and again tomorrow, Congress – specifically the U.S. Senate – is discussing and then voting on tax reform. Included in that vote is an […]
Want Trump Impeached? Not If You Are a Cannabis Consumer
It’s safe to say that cannabis is more popular among liberals than conservatives. But President Trump is actually better for the cannabis industry than any of his Republican predecessors and may be better than Hillary Clinton would have been; she likely would have rescheduled pot to a Schedule 2, putting it squarely in the realm […]
