Prepared by NCIA The simple truth is that regulated cannabis markets are not working for the vast majority of small businesses, including equity businesses. Regulators increasingly understand that these businesses are struggling, but face the daunting challenge of knowing where to start with the many, many, many voices calling... Read more
Prepared by NCIA Section 280E of the Internal Revenue Code forbids businesses from deducting otherwise ordinary business associated with the “trafficking” of Schedule I or II substances, as defined by the Controlled Substances Act. This provision was enacted by Congress in 1982 in order to penalize illegal drug dealers. ... Read more
Related Articles Eight businesses have recently received warnings for hosting marijuana-related activities in Denver without the required license, with a separate ticket issued to Tetra Lounge. On Saturday, the city investigated multiple locations after receiving complaints of illegal events taking place, said Eric Escudero, spokesperson for Denver Department Of... Read more
Risk Management and Insurance Manual: A Novel Cannabinoid Conundrum – Loopholes, Liability, and Legislation | The National Cannabis Industry Association <!– –> Prepared by NCIA The National Cannabis Industry Association’s Risk Management & Insurance Committee is a multidisciplinary group of risk management professionals convened to draw on the expertise... Read more
Related Articles Colorado’s marijuana industry dubbed weed sales for this year’s 4/20 “the worst” in five years. The Marijuana Industry Group, a Denver-based trade association, is sounding the alarm bells for the state’s “struggling” industry, as falling sales compound with business closures and layoffs. This year, the market’s entrepreneurs... Read more
Related Articles A local dispensary has bought a piece of the city’s history. Wellness Center of the Rockies, also known as The Center, recently purchased a former firehouse at 600 S. Broadway for $3 million. The seller, Firehouse Thirteen LLC, purchased the property for $300,000 in 2000, property records... Read more
Related Articles Tetra Lounge, one of Denver’s first cannabis-friendly smoking lounges, is preparing to reopen this summer after closing temporarily more than a year ago. Owner Dewayne Benjamin retooled the concept slightly, transforming an outdoor patio into the primary marijuana smoking area as he works to upgrade the business’... Read more
Related Articles A Denver judge has thrown out a lawsuit filed by eight people who live near Bonnie Brae, clearing the way for that neighborhood’s first dispensary to open next month. District Court Judge Christopher Baumann ruled April 28 that the residents’ Dec. 12 lawsuit was filed one week too late... Read more
Related Articles When Denverite Arend Richard looks at the local and national landscape for cannabis lounges, he sees a homogenous smattering of spaces designed for men. That’s why when Richard opens his own hospitality establishment this fall, the aesthetic and amenities will be specifically curated to attract women and... Read more
