Marijuana Industry Archives

08Apr

Acquisition-Side Due Diligence in The Legal Cannabis Industry: Approach and Expectations for Both Sides

By Greg Chin, Kevin Michaelan and Jeffrey Michelson, Partner Continuing with the topic of industry trends from our last post, we explore the art of acquisition-side due diligence from full-scope financial and tax to limited-scope tax-only engagements. We’ll look at what to expect and how to approach it. Although commonly geared toward the investor/acquirer, i.e., […]

26Mar

Medical Cannabis, Texas-Style: Conditions and Requirements for Use

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By Ashley Simpson, Hoban Law Group In 2015, the Texas legislature’s passage of the Texas Compassionate Use Act (Senate Bill 339) legalized medical cannabis in the Lone Star State, but only to the extent of "low-THC cannabis oil" for use by patients diagnosed with intractable epilepsy. Widening further access to any patients respectively diagnosed with […]

25Mar

Planning for the Coming Consolidation in the Cannabis Industry

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By Michael Harlow, CPA, Partner In today’s Cannabis marketplace, we continue to hear one overarching theme. The industry buzz on everyone’s lips is about “the future consolidation of the industry. This is driven by several factors: strong customer and revenue growth for retailers, price compression for wholesalers, an expected change in the legal landscape, new […]

25Mar

The Impact of Regulations on Price

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By Yona Torres, New Frontier Data Contributing Editor In the 16 months since California legalized marijuana, cannabis prices in some California market sectors have plummeted 75%, according to the Washington Post. This steep decline, paralleled in Colorado, Oregon and Washington, is a product of the number of newly-licensed cultivators and the regulations that guide them. […]

24Mar

Despite Original Design, Pennsylvania Growers Lack in Diversity

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By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Despite requiring diversity plans among winners of the state’s first 12 permits issued, eight went to businesses headquartered out-of-state. July 9, 2017 -- Last month, Pennsylvania officials made two much-awaited announcements toward the opening of the commonwealth’s medical cannabis market next year. […]

24Mar

Discussing Proven Methods and Occasional Madness in Forecasting State Tax Revenues

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By Beau Whitney, Senior Economist & J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Forecasting tax revenue entails more than simply taking the tax receipts from previous months, annualizing sales, and then projecting the numbers forward. July 16, 2017 -- Recently, New Frontier Data’s Senior Economist Beau Whitney was invited by […]

24Mar

Prognosis for Canadian Medical Cannabis in Remains Positive

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By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: While Health Canada reported how the rolls of clients registered with LPs was expanding at a rate of about 10% per month, such expanded enrollment left some patients unable to find some needed products. July 23, 2017 -- Though no one welcomes […]

24Mar

U.S. Senate Revisits Whether to Keep Protecting Medical Marijuana

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By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Despite uncertainty from continued temporary extensions, industry experts remain cautiously optimistic. July 27, 2017 -- A voice vote by the Senate Appropriations Committee Thursday approved inclusion of the Senate version of the Rohrabacher-Blumenauer amendment which prevents the federal government from [...]

24Mar

America’s Wounded Veterans Need and Want Medical Cannabis; It is Time the Federal Government Provides It

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By Joseph Romm, Ph.D. What We Have Learned: Given the potential for medicinal cannabis in the treatment of chronic pain, opioids addiction, and other conditions plaguing veterans, it is time for the federal government to afford them access to it. July 30, 2017 -- Scientific evidence is growing that medical cannabis may provide some promising […]

24Mar

Cannabis Case Study: Promoting Business Diversity Differently

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By Giadha Aguirre de Carcer, Founder and CEO & J.J. McCoy, Senior Managing Editor for New Frontier Data What We Learned: New Frontier Data and for-profit networking organization Women Grow explored the industry’s progressive gender opportunitiesin the Cannabis Industry Diversity Report. August 13, 2017 -- As the burgeoning U.S. cannabis industry continues to establish itself […]