Banking Guidelines Announced by Federal Government

March 6th, 2014|

In a historic development in the marijuana industry, the federal government provided a set of guidelines to banks governing their dealings with marijuana dispensaries in the country. With these guidelines, banks finally had a clear set of policies that would help them serve one of the fastest growing industries in the United States–or so it

Potential Business Opportunities In Medical Marijuana

January 17th, 2014|

The medical marijuana industry is one of the fastest growing industries in the world, and it seems that there is no limit to how much it can grow. For startup entrepreneurs that are looking for a growth industry that offers plenty of lucrative opportunities, medical marijuana is definitely worth looking into. However, not everyone who

Getting Tax Deductions On Medical Marijuana

January 13th, 2014|

With legal marijuana now a very real–and costly–proposition, patients are understandably concerned whether or not their pot expenditure could be deducted from their tax returns. As it turns out, the answer isn't quite so clear-cut for most agencies, but for officials at Massachusetts Department of Public Health, there is no confusion. According to communications director

Revised Laws Allow For 334 Marijuana Outlets In Washington

November 13th, 2013|

The latter part of 2013 is seeing some radical changes to existing marijuana laws in Washington. The most significant new proposals are being made by the Liquor Control Board, which is currently pushing to limit the number of recreational marijuana outlets in the state to 334. Of this number, ten outlets will be located in

Surrey Grow-Op Fees At An All-Time High

November 10th, 2013|

With federal legalization underway to limit the growing of medical marijuana to commercial zones, Surrey growers may soon face higher inspection fees on top of increased repair costs. In late 2013, a number of amendments were made to the Controlled Substance Property Bylaw of Surrey, which essentially restricted the growing of medical marijuana to commercial

Legalization And The Effect Of Taxes On Marijuana

November 3rd, 2013|

Marijuana and taxes have always been uneasy bedfellows, ever since marijuana was banned by an act of Congress in 1937. Back then, prohibition was enforced in the name of taxation, which effectively placed a prohibitive tax on marijuana, and penalized those who were unable to pay the cost. Of course, we now know that these

Seattle Workshop Held For Medical Marijuana Entrepreneurs

November 2nd, 2013|

The fledgling legal marijuana market is a fast-changing one, with recently enacted laws undergoing an almost continuous process of reevaluation. With the industry still in its relative infancy, it is a challenge for new entrants into the legal marijuana market to come to terms with the continuous state of flux that characterizes an industry that

State Agencies Push For Changes To Medical Marijuana Industry

October 30th, 2013|

Two state organizations that help shape medical marijuana policy in Washington are pushing for significant changes to how the medicine is sold to patients. The agencies in question – the Liquor Control Board and the Department of Revenue and Department of Health – are pushing to reduce the amount of marijuana that patients have access

Medical Marijuana Dispensaries In Washington D.C. Take A Financial Hit

October 26th, 2013|

Medical marijuana growers in Washington D.C. are in the unlikely position of working in one of the most lucrative new industries in the United States, and yet most are taking a significant financial hit. This scenario was emphasized by David Guard, who is the general manager of D.C.-based dispensary Capital City Care. In a statement