New Mexico Department of Health Awards Medical Cannabis Software Government Contract to BioTrackTHC

I commend the New Mexico Department of Health on its comprehensive RFP process in securing the right technology and team for the state's needs," said Steven Siegel, CEO, BioTrackTHC.

NEW MEXICO: The New Mexico Department of Health’s Medical Cannabis Program has awarded BioTrackTHC™, a division of Bio-Tech Medical Software, Inc., a contract for the provision and deployment of an integrated patient and provider tracking software application. This award makes BioTrackTHC the cannabis industry’s first company with marijuana regulatory technology contracts in two states, following the Read the full article…

The 280e Cannabis Conundrum

The legalized marijuana business is likely to hit $10 billion in 2015 alone.

By  Keith Richards  If you are in the Cannabis industry and are not already familiar with IRS Code section 280e, then you are likely going to face a rude awakening this tax season.  Even with all the noise about this issue, it is still surprising to find operators that are not paying attention to some basic Read the full article…

Music Legend Nelson To Roll Out Own Brand Of Marijuana

TEXAS: Music legend Willie Nelson is jumping into the movement to commercialize marijuana and plans to roll out his own brand of cannabis that he intends to make “the best on the market.” The singer-songwriter announced in a statement Monday that Willie’s Reserve will be grown and sold in Colorado and Washington, two states where Read the full article…

Pot Talk: Radio Stations Adopting Marijuana Formats

KHIG/K-High 1580

COLORADO: With more states legalizing marijuana for medical and recreational use, marijuana media is growing like a weed, including an array of new online publications, social networks, and podcasts targeting consumers and business people. Now broadcast radio is joining the list. Several stations around the country have flipped to a new format: marijuana talk. This week, Read the full article…

Regulating Water Use By Pot Farms

AB 243 represents a groundbreaking new vision for the future of California cannabis agriculture — especially when it comes to water use.

CALIFORNIA: The California Assembly plans to hold an unprecedented hearing on April 15 to examine a proposal to regulate a controversial, billion-dollar state crop: marijuana. At first glance, Humboldt County Assemblymember Jim Wood’s proposed regulation bill, the “Marijuana Watershed Protection Act” looks innocuous: It would add a single paragraph to the state’s water code, and one Read the full article…

Pot Problem: Banks Still Don’t Want This Cash

Colorado has about 800 recreational pot shops, which took in a total of $38 million in February. Handling that kind of cash is no small task.

COLORADO:  The Fourth Corner Credit Union was created to serve the pot industry. It got state approval back in November, but is still waiting for a green light from the Federal Reserve. That typically takes weeks, not months for a new bank to get. Recreational pot is legal in four states and D.C., and medical marijuana Read the full article…

Oregon’s MBank Now Nixing All Pot Accounts After Colorado Plan Fizzled

Marijuana is big business

OREGON: Just two months after Oregon-based MBank pulled back on a promise to work with the marijuana industry in Colorado, the $170-million institution said it is dropping its cannabis clients entirely. CEO Jef Baker said MBank doesn’t have the “resources necessary to manage the compliance” requirements for banks maintaining accounts with legal marijuana businesses. But others Read the full article…

Apple “WeedWatch” Ad To Be Featured In Marijuana Green Pages

WeedWatchad

WASHINGTON – A clever parody ad showcasing Apple’s canna-friendly chronometer, iWatch,  has taken out a full page ad in the upcoming Marijuana Green Pages business directory.  Seattle-based multi-media company Higher Ground released the “WeedWatch” ad to coincide with the April 20th pot holiday, “4/20”, and the release of the Apple Watch on April 24th. The Read the full article…

Spokesman-Review Editorial: Lawmakers’ Tweaks Of Pot Law: Some Smart, Others Not

TBoth chambers wisely passed bills that fold medical marijuana into the regulatory structure for recreational pot created by the Liquor Control Board. The bills create a voluntary registry for authorized patients who would be able to purchase greater quantities and gain access to tax exemptions.

WASHINGTON: Lawmakers are replanting Initiative 502 before it’s had a year to establish roots. Some of this cultivation is warranted, some is premature. The House and Senate are working on ways to harmonize the unregulated medical marijuana market with the regulated recreational one. Voters legalized medical marijuana in 1998, but the Legislature has failed to establish a Read the full article…

Officials: Growers Bogarting Taxes Owed To California

The California Board of Equalization says the medical marijuana industry isn't paying the taxes it owes.

CALIFORNIA:  The California Board of Equalization says the medical marijuana industry isn’t paying the taxes it owes. The Board of Equalization staff and board members -including George Runner recently met with marijuana dispensaries, nurseries, and growers in Humboldt County. Runner says the County has begun to add marijuana growers to the tax rolls by establishing Read the full article…