Category: Financial

While the marijuana industry is flourishing with technological advances and increasing acceptance from mainstream America, it continues to be plagued by the lack of banking services By Alexandra Harrell A significant hurdle alienates the burgeoning industry in an increasingly credit-based society. The image of people carrying bulging suitcases stuffed with…

New York and Puerto Rico have already taken big steps By Lauren Rudick Reportedly, legal sales of cannabis in the United States will reach $6.8 billion in 2016, with that figure expected to climb to more than $21 billion by the end of the decade.

  Compliance software gives cannabis businesses the ability to monitor their risk of receiving violations By Garrett Rudolph It’s almost impossible to underestimate the importance of maintaining compliance. Most people understand that too many violations could cost them their golden ticket. But it’s crucial to remember that compliance history stays…

The potential for losses seems to be around every corner in the cannabis industry. What you do to mitigate the risk and protect your investment could be vital for the survival of your business. By Brenda Wells Risk is simply the uncertainty regarding outcomes. We see it in gambling —…

Securing real estate is often one of the toughest challenges of getting a legal operation up and running By Michele Brooke The time is finally here. Applications are being accepted for dispensaries and cultivation sites by the local governing authority. You know there will be competition, and you hope the…

In lieu of traditional lending, private investors are stepping in with a wide range of options By Scott Jordan Accessing bank financing or traditional lending has been an ongoing challenge for marijuana business owners. Financial institutions have steered clear of businesses involved in the cannabis industry. Filling this void in…

State and federal laws make it tough to offer equity By Teresa Daggett Recently, a cannabis processor asked how it could provide equity to its loyal employees. Ordinarily, I would have explained that there are federal and state securities laws that govern. I would suggest an incentive equity plan if…

Technology abounds in advancement of medical marijuana research By Marguerite Arnold While medical research is still in its infancy in the United States due to the continued classification of marijuana as a Schedule I drug, there are clearly signs that greater legalization is speeding up and expanding research and development.…

  Not so fast! Licensing could create more delays By Sean Badgley Every one of my clients interested in submitting an application for the Washington State Liquor and Cannabis Board’s new medical marijuana license are overjoyed. At last, the absurdity of the lottery and other administrative peculiarities have been eliminated…

Do you have to pay estimated taxes? Avoid penalties by being aware of requirements By Debora D. Peters Estimated taxes can be a confusing topic for new business owners.