An End to the Cole Memo Era?

An End to the Cole Memo Era?

The Cole Memo In 2013, US Attorney James Cole issued a memorandum that instructed federal law enforcement and prosecutors to adopt a more “hands-off” approach to enforcement of marijuana laws in states that had legalized medical or recreational use. This...
Cannabis Tax Booming in Nevada

Cannabis Tax Booming in Nevada

Legal recreational marijuana sales began July 1, 2017 in Nevada. According to Nevada taxation officials, tax revenue from cannabis sales totaled nearly $3.7M. Total sales of marijuana was approximately $27M. That’s a legitimate boom for Nevada and growing very...
Banking for the Cannabis Industry

Banking for the Cannabis Industry

The legal cannabis industry continues to grow despite hurdles at the federal level. Banking for the cannabis industry, in particular, has been a challenge for many dispensaries, cultivators, and testing labs. Much of this difficulty stems from the 2013 Cole Memo and...
Legal Cannabis in Maine

Legal Cannabis in Maine

On November 8, 2016, after a very close vote, marijuana was finally legalized in the state of Maine. That puts the state in a group of other 7 states and the District of Columbia which have made cannabis legal for recreational purposes, retail sale, and the taxation...

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