Medical Marijuana Archives

08Jul

The Patton Family, Green Meadows Farm, and a Commitment to Giving Back

Historic Massachusetts farm cultivates medical cannabis with a social conscience By Michael Harlow, CPA, Partner Beginning decades ago, George and Joanne Patton, son and daughter-in-law of the famed World War Two general, initiated traditions of community partnership and support that remain active today. Throughout their thirty-year operation of Green Meadows Farm, they sought to share […]

03Jun

Questions and Answers with an Original Licensee Holder

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A discussion of growing pains, regulations, and current product investments By Michael Harlow, CPA, Partner CohnReznick Partner Michael Harlow: Brian, you were one of the first operational dispensaries in Colorado. What is the single largest difference between the early days and now? Brian Rogers: We started in 2009 with one of the first medical marijuana […]

28Apr

How Cannabis Industry Participants Would Benefit if 280E is Rolled Back

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By Michael Harlow, CPA, Partner 280E is the Internal Revenue Code section that has been the focus of every tax discussion related to the cannabis industry for the past 15 years. It is the Code section that prohibits cannabis companies from deducting any ordinary and necessary business expenses from gross profit when calculating federal taxable […]

08Apr

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

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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

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

Five Components to Look for Out of California and Cannabis Markets at Large

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By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Figuring where California’s example and output will lead the world can make the proverbial $64,000 question seem like a rounding error. August 27, 2017 -- New Frontier Data constantly examines various dimensions of the industry to identify, quantify and holistically discern its […]

23Mar

On-Demand Services Become Vital Within the Maturing Retail Marketplace

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By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: As the cannabis industry grows ever larger and more competitive, the ability to identify the “who”, “what”, and “when” in purchasing habits will be imperative to retailers, and essential for one’s overall enterprise. (Sept.3, 2017) -- With the advent of California’s adult […]