How Arizona’s Non-profit Medical Marijuana Dispensaries Make Millions

Azcentral.com: “Sales of medical marijuana here soared nearly 50 percent in 2017 with an estimated value of $387 million. A small army of attorneys and high-end Scottsdale public relations professionals work on its behalf.  The size and scope of these operations belies the “non-profit” description voters heard when they approved medical marijuana in 2010. They also highlight an open secret within the industry: Non-profit doesn’t mean non-lucrative.”

By |2018-01-28T08:43:43-07:00January 26th, 2018|Stories & Articles|Comments Off on How Arizona’s Non-profit Medical Marijuana Dispensaries Make Millions

A Final Article on Cannabis and Section 280E

An accountant wrote a very interesting article about accounting for marijuana businesses and Internal Revenue Code Section 280E.  If you own a cannabis business you should read the article.

“I have been a cannabis tax professional for six years now. Initially, I can remember reading articles from organizations like the AICPA, saying that since cannabis was illegal federally, that any accountant that participated in helping those in cannabis were in jeopardy of losing their license. But then what do you expect from an industry that is so far behind, a majority of tax accountants are still printing and mailing tax returns.”

See also “Tax Professionals Need to Talk about the Cannabis Industry.”

By |2018-01-19T07:02:28-07:00January 19th, 2018|Stories & Articles, Tax Issues|Comments Off on A Final Article on Cannabis and Section 280E

Massachusetts U.S. Attorney May Prosecute State Legal Marijuana Users & Dealers

Boston Globe:  “The state’s top federal prosecutor on Monday refused to rule out a crackdown on the voter-authorized marijuana industry, prompting howls from advocates and politicians and moving Massachusetts to the forefront of the battle between the Trump administration and the dozens of states where cannabis is legal.  “I cannot . . . provide assurances that certain categories of participants in the state-level marijuana trade will be immune from federal prosecution,” said US Attorney for Massachusetts Andrew E. Lelling.”

By |2018-01-12T07:11:47-07:00January 12th, 2018|Federal Dispensary Attacks, Stories & Articles|Comments Off on Massachusetts U.S. Attorney May Prosecute State Legal Marijuana Users & Dealers

Court to Review Legality of Medical Marijuana on Campuses

Arizona Daily Sun:  “The Arizona Supreme Court will decide whether lawmakers can make criminals of legal medical marijuana users who possess their drug on college and university campuses.  In a brief order, the justices agreed to hear arguments by Attorney General Mark Brnovich that the Court of Appeals erred lasts year when it voided a 2012 law that made possession of the drug on campuses a crime.”

By |2018-01-19T05:28:56-07:00January 11th, 2018|AZ Marijuana Law Lawsuits, Stories & Articles|Comments Off on Court to Review Legality of Medical Marijuana on Campuses

Chandler Approves Marijuana Dispensary near Learning Center

AzFamily.com:  “Workers are putting the finishing touches on the first medical marijuana dispensary approved within Chandler city limits, but there is a cloud of controversy surrounding the ribbon-cutting ceremony scheduled for next week.  The facility, called Territory Dispensary, will be a few hundred feet from a “learning center” for kids and adults with disabilities.  The dispensary will share a parking lot with Smiles Learning Center, which has playground equipment outside geared toward young children.  Chandler’s city ordinance prohibits dispensaries from opening within a quarter-mile of a school or day care.”

By |2018-01-19T07:14:50-07:00January 10th, 2018|Stories & Articles|Comments Off on Chandler Approves Marijuana Dispensary near Learning Center

Blame the Supreme Court for Letting the Feds Target Legal State Pot

Reason.com:  “Attorney General Jeff Sessions is reportedly planning to let federal prosecutors aggressively enforce federal anti-marijuana laws in states where pot has been legalized.  What gives the federal government the authority to target legal state pot? The answer is not the Constitution. This federal power grab is the product of two awful Supreme Court precedents.”

By |2018-01-07T07:56:03-07:00January 7th, 2018|Federal Dispensary Attacks, Stories & Articles, Washington News|Comments Off on Blame the Supreme Court for Letting the Feds Target Legal State Pot

Arizona Medical-Marijuana Industry at Risk

Phoenix New TimesAttorney General Jeff Sessions is rescinding the federal policies that kept prosecutors from interfering with legal marijuana in states across the U.S. Now, those prosecutors can use their discretion to enforce federal marijuana law, even in states where pot is legal for recreational or medical purposes — like Arizona.  In a release, the Justice Department called the move “a return to the rule of law” that allows federal prosecutors to take local control of how they go after drug offenses.”

By |2018-01-05T07:13:34-07:00January 5th, 2018|Federal Dispensary Attacks, Stories & Articles, Washington News|Comments Off on Arizona Medical-Marijuana Industry at Risk

U.S. to End State Legalization of Pot

Associated Press:  “Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country, two people with knowledge of the decision told The Associated Press. Sessions will instead let federal prosecutors where pot is legal decide how aggressively to enforce federal marijuana law, the people said.”

By |2018-01-04T09:21:26-07:00January 4th, 2018|Federal Dispensary Attacks, Stories & Articles, Washington News|Comments Off on U.S. to End State Legalization of Pot

California Legalizes Pot Sales

Associated Press:  “Californians may awake on New Year’s Day to a stronger-than-normal whiff of marijuana as America’s cannabis king lights up to celebrate the state’s first legal retail pot sales. . . . From the small town of Shasta Lake just south of Oregon to San Diego on the Mexican border, the first of about 90 shops licensed by the state will open Monday to customers who previously needed a medical reason or a dope dealer to score pot.”

By |2018-01-01T07:47:35-07:00January 1st, 2018|California News, Stories & Articles|Comments Off on California Legalizes Pot Sales