News & Articles

Good conversation today with an entrepreneur looking to get into the cannabis industry with a new startup. The first question of the conversation was one we receive a lot so let me take a few moments to post a public answer.

Unilever purchased Dollar Shave Club for an even one billion dollars. Let's look at four metric from publicly available data (WSJ - paywall) on the transaction.

I hold some Yahoo! stock so I've been keeping a close eye on the "auction" process currently underway. Despite the hype I still tend to believe in the underlying fundamentals of the company for several reasons, one of which was highlighted halfway through a WSJ article. Here's a quick quote:

Ohio Legalized Medical Marijuana:

The nation's 7th largest state, Ohio, just legalized medical marijuana. Not only did they legalize it, they legalized it through the legislature, not a referendum, and the law includes a number of conditions important to widespread patient adoption.

"Twenty-one ailments are included in the broad list of qualifying conditions, ranging from chronic pain to cancer to post-traumatic stress disorder to glaucoma. The inclusion of chronic pain is important, as it can help boost patient numbers dramatically." Marijuana Business Daily

Introduction

HIPAA is a prime example of regulatory complexity and applicable to medical cannabis businesses, including business associates of prescribers and dispensers. The Office for Civil Rights in the Federal Department of Health and Human Services, enforces the:

If Colorado’s Stakeholder approach highlights one thing, it is that you need to understand how your business functions in order to identify what actions are or may be subject to some form of regulation. By understanding your business processes (the real world activities), you will be able to identify current regulations and how they impact your actions as well as anticipating future regulatory actions that you want to be aware of while they are being considered rather than after they have been put into effect.