Cannabis Still Can’t Open a Bank Account
Jan28

Cannabis Still Can’t Open a Bank Account

The banking system is not going to relent until the Feds get cannabis off Schedule One. Your turn to step up to the teller.       Just 105 banks and credit unions service companies that sell cannabis, an official with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a recent speech. While that number is higher than many industry insiders expected, it’s still miniscule considering...

Read More
180 MMJ Dispensaries in Detroit
Jan26

180 MMJ Dispensaries in Detroit

Sounds like a new city is emerging out of the debris of the older model.   Detroit has quietly, quickly and surprisingly become a major hub for medical marijuana businesses, with an estimated 180 dispensaries now calling the city home, according to a local official’s estimate. Michigan is one of a handful of MMJ states in the country that doesn’t have a regulatory infrastructure in place for the industry. As such, it’s difficult...

Read More
Memo From Seattle’s City Attorney
Jan20

Memo From Seattle’s City Attorney

As the roll-out of legal cannabis continues, Seattle's city attorney, Pete Holmes, put his thoughts in a memo.  Here's just one idea from that writing.   The senior member of Seattle’s legislative delegation to Olympia, 36th District SenatorJeanne Kohl-Welles, is an expert on marijuana legislation. She has proposed an elegantly simple solution to the problems posed by Washington’s confusing medical marijuana law.  All...

Read More
1st Mass MMJ Dispensary by Spring
Jan16

1st Mass MMJ Dispensary by Spring

It has been a long, slow process but medical marijuana is coming to Massachusetts.   Alternative Therapies Group – which recently received a medical cannabis cultivation and distribution certificate from the state – plans to begin growing marijuana “immediately,” with plans to open a dispensary [in Salem] by spring, the company wrote on its website. The company, however, must still pass state inspections, which include a close...

Read More
Montana MMJ Still Struggling
Jan15

Montana MMJ Still Struggling

Montana has had medical marijuana for ten years, but mmj still struggling to gain traction in Big Sky Country.   Montana medical marijuana businesses are about to get some serious relief, thanks to a district court judge who struck down several key portions of a 2011 law intended to crack down on the industry. Judge James Reynolds threw out bans on selling medical marijuana for profit and MMJ advertising, potentially opening up...

Read More
10 Facts re: Colorado’s 1st Year Re-Legal
Jan12

10 Facts re: Colorado’s 1st Year Re-Legal

Here's a look at Colorado's first year as a re-legalized state.   #1. Licensed rec cannabis companies ballooned. When the recreational industry launched, just 17 stores opened to the general public out of 136 shops that had obtained licenses to operate in Colorado at the time. By the end of the year, more than 225 shops were operation. The same trend played out in other niches of the industry. The number of cultivation licenses...

Read More