Nevada's Interim Finance Committee approved an additional $1.5 million for the Department of Taxation to hire more security guards and staff to process background checks for workers at marijuana facilities. Regulators say they are trying to keep up with demand at...
Joey Pena
Joey Pena's Latest Posts
Fed Reserve chair: Without lawmakers’ guidance, banks can’t take cannabis money
The chairman of the Federal Reserve signaled at a news conference the central bank is not prepared to give federally chartered banks a green light to serve marijuana businesses in legal markets - at least until lawmakers clarify discrepancies between state and federal...
Alaska eyes new tax tier for cannabis cultivators in face of black-market demand
Alaska’s Department of Revenue is mulling a third tax tier for cannabis cultivators in an apparent bid to make the state's legal marijuana prices more competitive with the black market. That's according to Ken Alper, director of the state's tax division, who was...
NM medical marijuana advisory board cancels meeting, struggles to fill vacancies
The New Mexico Department of Health’s Medical Cannabis Advisory Board was forced to cancel its May meeting because it lacked a quorum, dealing a further blow to efforts to expand the state's list of qualifying conditions for medical marijuana. The board is now down to...
How marijuana entrepreneurs can outsmart black-market competitors
Whether you’re operating in a newly medical or recreational marijuana market, illicit cannabis sales are an ever-present threat to the legal industry.
Marijuana entrepreneurs can’t control how the black market operates, but there are ways to encourage customers to instead buy from a licensed, regulated business.
Put simply, it requires going above and beyond what black-market operators can offer by way of service and prod






