Marijuana Sales, Funding & Banking News

Robert Kane: Integrity Needed to Make 2012 Great Year for Medical Cannabis

By Robert Kane With January on the horizon, the year of the Water Dragon is almost upon us, according to the Chinese astrological calendar. It’s supposed to be a year brimming with possibilities and the potential for good fortune – but also one defined by unpredictability and a great deal of change. And that’s exactly […]

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Marijuana Initiative in Washington State to Get $300,000 Boost

On Tuesday, we provided an update on the drive to legalize marijuana for recreational use in Colorado, reporting that pot proponents are well on their way to getting the required number of valid signatures to put the initiative to a vote. But the Centennial State isn’t the only one having success in this area. A […]

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MMJ Tax Hike Needed in San Jose to Fund Referendum, Mayor Says

Dispensary owners in San Jose, Calif., recently banded together to fight tough new medical pot regulations in the city, hoping to force a referendum on the issue. Little did they know it might cost them dearly from a financial perspective. The owners, who formed a group called Citizens Coalition for Patient Care, collected and submitted […]

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10 Colorado Towns to Vote on Dispensary Bans, Medical Marijuana Taxes

Tomorrow is a big day for medical marijuana supporters in Colorado, with nearly a dozen cities voting to either ban dispensaries or tax the industry. The cities considering bans include Fort Collins – a college town an hour north of Denver with about two dozen marijuana dispensaries – and the skiing hamlet of Steamboat Springs. […]

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Michigan City Refunding MMC Application Fees After Court Ruling Against Medical Pot

Michigan’s once-thriving medical marijuana industry is now a shell of its former self, the result of a recent court ruling that essentially makes it illegal to sell pot from storefront dispensaries. Hundreds of medical weed shops have closed in the past few weeks, and the dozens still operating risk raids and criminal prosecution. Pot supporters […]

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Payroll, Taxes Major Headache For Dispensaries

Fox Business News recently aired a story about the problems marijuana dispensaries encounter when trying to open – and keep – bank accounts. It’s perhaps the biggest issue in the industry today, aside from the fact that there’s a confusing patchwork of ever-changing laws that vary by city. The banking industry, spooked by recent warnings […]

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When Buying a Dispensary Beware of Misleading Numbers, Cooked Books

Thinking about buying a medical marijuana dispensary? Be careful, as there are many pitfalls and complications that can trip you up, according to one expert who has spoken with dozens of dispensary owners and managers over the past few years. Dr. Sean Breem – who runs Medical Cannabis of Southern California, which helps patients get […]

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Ominous Sign: Harborside Health Loses Battle With IRS Over Business Deductions

The medical marijuana industry is getting smacked around on all fronts these days. One of the more dire developments is coming out of Oakland, Calif., where perhaps the most well-known dispensary in the industry lost a key battle with the IRS – at least initially. Harborside Health Center, led by long-time industry advocate Steve DeAngelo, […]

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Dispensary Owners Face New Challenges as Bank Cuts Ties With MMCs

A major crisis is brewing in the Colorado medical marijuana industry, and some observers say it could eventually sink the entire industry. CSSB Private Bank in Colorado Springs – one of the only financial institutions in the region that actively targeted dispensaries for new accounts – has decided to cut ties with the medical marijuana […]

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Dispensary Owners, Beware: Big Pharma to Make Run at Medical Pot Business

Forget Colorado and California. The medical pot regulatory structure of the future will highly favor pharmaceutical firms and health professionals, who will use their political clout and business heft to win dispensary licenses and push out the little guys. This is the future of the industry as Robert Kane sees it. Kane is the founder […]

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Move to Tax, License Weed Dispensaries in Seattle Postive Sign for Industry

If you own a dispensary or hope to open one someday, you should pay particularly close attention to what’s going on in Seattle. It’s a sign of things to come for medical marijuana in other large cities. Seattle’s City Council passed a measure last night to license, regulate and tax medical pot shops. This is […]

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