Author Archive | TC

US federal reserve system

Federal Judge Concludes Congress Must Address Marijuana Industry Banking Crisis

On Tuesday, January 5, 2016 federal district court judge R. Brooke Jackson concluded that the marijuana banking situation is untenable, and he hopes it will soon be resolved by Congress. In his ruling dismissing a lawsuit that sought federal approval for a credit union aimed at serving Colorado’s marijuana businesses, Judge Jackson found that pot is still […]

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libra scales of justice

Federal District Court Judge Rules US Department of Justice Cannot Prosecute State Licensed Medical Marijuana Dispensaries

Medical marijuana dispensaries scored a major win on Monday when a federal judge ruled that the Department of Justice cannot prosecute legal providers of medical cannabis. In his ruling, Senior District Judge Charles R. Breyer lifted an injunction against a California dispensary, the Marin Alliance for Medical Marijuana, and its founder, Lynette Shaw, ruling that a budget amendment Congress […]

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Cannabis Business Taxation – IRC 280E – Olive v. Commissioner, 9th Circuit Court of Appeals Analysis

Over $2 million in tax and penalties assessed San Francisco Vapor Room dispensary for not complying with federal income tax laws that apply to medical marijuana businesses – IRC 280E – Olive v. Commissioner, 9th Circuit Court of Appeals Confirming Deductibility of Cost of Goods Sold, but Denying Deductions of Ordinary or Necessary Trade or Business […]

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US State Marijuana Law Map - March 2015

Top 4 Issues of Concern for all Cannabis Investors and Businesses

Across the US state legalization of medical and adult recreational use of marijuana is driving burgeoning business and sales growth in the cannabis-marijuana industry (click here to view March 2015 graph and chart). There is little doubt the cannabis industry is one you should invest in if you can do it safely as some very […]

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Canada Court Rules Medical Marijuana in Any Form Fully Legal Throughout Canada

Medical marijuana is used for medical ailments such as Crohn’s disease, seizures, HIV and nausea. Throughout Canada, physicians decide who is eligible to use it. Before the recent court ruling, they were only able to legally prescribe dried marijuana use, which is not as effective medically or nutritionally in many cases as other variations of […]

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6.3.2015 – US House of Representatives Votes to Protect State Medical Marijuana Laws

WASHINGTON — The House of Representatives voted Wednesday to reauthorize an amendment that would protect medical marijuana operations from federal interference in states where the drug is legal, siding with a majority of Americans who say that medical marijuana is an issue best left to the states. The amendment, offered by Reps. Dana Rohrabacher (R-Calif.) […]

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Big Pharma and US Drug War

Why Big Pharma is Opposed to America’s Fastest Growing industry – Medical Marijuana

We predict at some point in the not too distant future some Big Pharma conglomerate teams will begin voicing support for medical marijuana, if they are not already doing so quietly. There is little doubt Big Pharma will be very acquisitive in the industry once federally legal, and spearheading a wave of US based studies […]

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Medical Marijuana Business Insurance Developments

NEWS FLASH: Lloyd’s of London recently announced a ban on its insurance syndicates writing new policies in the USA to businesses growing and selling medical marijuana. Click here if you are interested in learning how licensed marijuana dispensaries and growers can create a custom privately held insurance company to insure their operations. Oddly, this could […]

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