It’s hard to ignore the prevalence of medical marijuana dispensaries in California and elsewhere. They are on the corner and in the news. If you are a tax lawyer, it is even harder to ignore them, for there are big tax problems in this industry. See Voters Say Yes To Marijuana, IRS Says No. But when I said I thought the industry was going corporate — Is Medical Marijuana Going Corporate? — I didn’t realize how true it was.
Now I’m getting merger notices. Yes, marijuana M&A is here. In this case, it’s about the vapor machines that can obviate smoking and instead dispense the meds without even using a match (or a lighter for that matter).
Security cameras have been installed, scales calibrated and signs declaring “no returns” hung on the walls at Capital City Care.
There’s just one thing missing before the District’s first medical marijuana dispensary can open its doors: The marijuana itself.
By April, Capital City Care plans to begin selling four strains of medical marijuana from its 2,000-square-foot perch on North Capitol St.
“It’s very high-grade, very pure, very potent marijuana,” said David Guard, co-founder and general manager. “But first, everything has to be triple-checked. We have a high level of security and an inordinate number of cameras.”
The medical marijuana is currently being grown in a separate building in Northeast Washington. District rules require that the plants be in the ground for at least 60 days before they are harvested, and each cultivation facility is limited to 95 plants at any given time.
Colorado’s marijuana industry isn’t regulated closely enough – and the medical marijuana enforcement division is in need of serious overhaul.
A highly critical audit from the state auditor found a lack of funding and planning contributed to problems at the Colorado Department of Revenue that led to lack of consistent enforcement, discipline and a 23-month delay in reviewing license applications.
The problems uncovered included a failure to quickly review applications, a failure to follow state law and removing marijuana from dispensaries under disciplinary review and a failure to make sure seized marijuana is destroyed properly.
Colusa is exercising control over local jurisdiction to decide whether medical marijuana dispensaries should be allowed to operate in the city.
The City Council decided Tuesday to move forward with ordinances that would ban medical marijuana dispensaries.
On the same day, the state Supreme Court heard arguments regarding the legality of municipalities to limit such businesses.
The question is whether cities have the authority to ban a business that would offer a product the state has made legal.
Meanwhile, federal government holds that the possession and cultivation of marijuana for any purpose is illegal.
“For me, its more about preserving the way we live in Colusa and protecting our youth,” said City Councilman Greg Ponciano. “Whether the state or federal feels that way, it’s just the way I feel about my town and I’ll defend it.”
City Attorney Krysten Hicks said at this point municipalities still have the right to ban.
San Francisco’s medical marijuana industry is back.
Following a cutback when the federal Justice Department cracked down on federally-illegal, state-licensed medical marijuana dispensaries, there are no shortage of entrepreneurs willing to risk prison terms in order to sell medical cannabis, according to the San Francisco Examiner.
Letters from the United States Department of Justice led eight of the city’s licensed and taxpaying medical marijuana dispensaries to close down between Oct. 2011 and the summer of 2012, according to the newspaper. But no more dispensaries have received letters — and now, new dispensaries are opening their doors.
Two new dispensaries near Mint Plaza have begun operations, the newspaper reported. And more have filed permits to open. There are dispensaries in downtown, in the Outer Mission, and all over.