Anyone familiar with how large-scale change is implemented in a democracy should know that most historic change doesn’t happen overnight. Whether that be the LGBTQ+ protections that have been enshrined in law or the civil rights movement, the many widespread changes and reforms that those...
There’s been a string of robberies affecting Washington State cannabis dispensaries, culminating in three deaths over just four days in March. Those robberies have led to tremendous personal and financial losses, not to mention additional operating hurdles for legitimate cannabis business owners. As if it...
Every year, the IRS collects billions of dollars from cannabis business owners. If cannabis were federally legal and taxed, then federal tax revenue from cannabis commerce could rise to $18 billion a year. This significant speculative increase in federal tax revenue would be in spite...
As lawyers who specialize in cannabis-related business issues, we love working in the cannabis industry. We get to do challenging, personally satisfying work that directly helps our dedicated, hardworking, creative clients. But we’re constantly hearing from people who want to get out of the cannabis business...
It’s easy to get excited about the cannabis industry when you hear that legal cannabis sales in the U.S. grew 30 percent in 2020 to a whopping $22 billion, outpacing the $17.5 billion spent on wine. If you’re a savvy, experienced businessperson, you might mistake...
The allure of the cannabis business has cast its net long and wide over the entire nation. Some states are already seeing the revenue generated from marijuana sales reach into the billions. Still, banking within the cannabis industry remains a prickly issue. Despite a glimmer...
What has long been a major handicap to the cannabis industry may finally be coming to an end. As federal law currently stands, financial institutions in states where marijuana is still illegal cannot provide services to cannabis-related businesses. For these banks, proceeds from cannabis-related transactions...