Hoban Law Group Weekly Update

October 10, 2016 - In This Issue:

MED Industry Bulleting 16-13

City of Denver Meeting Today

Election Night Advertising Opportunity

Meet and Greet with Jake Lilly for DA

Enforcement Warning for MJ Biz Conference in Las Vegas

For Sale: Business Opportunites

Upcoming Events

MED INDUSTRY BULLETIN 16-13 REGARDING FLOWER POTENCY TESTING

Proficiency testing has been established in the category of flower potency for all licensed Retail and Medical Marijuana Testing Facilities that are certified to test in this category. To view which Testing Facilities have been certified in potency testing, please visit this webpage:

https://www.colorado.gov/pacific/enforcement/med-licensed-facilities

Pursuant to 12-43.3-202(2.5)(c) in the Colorado Revised Statutes, testing facility licensees must be set up for proficiency testing in order for mandatory medical marijuana testing to begin. With proficiency testing now established for flower potency, the Marijuana Enforcement Division is implementing mandatory potency testing of Medical Marijuana.

Beginning Tuesday, November 1, 2016, all Medical Marijuana Optional Premises Cultivations are required to comply with rule M 1503(B).

See the entire bulletin, with rule citations, here.

CITY OF DENVER SPECIAL ISSUES MARIJUANA COMMITTEE MEETING TODAY AT 3PM

Before tonight's scheduled Denver City Council meeting, there is a Special Issues Marijuana Committee meeting at 3pm that will cover:

1) Briefing & discussion: Status of licensing, needs & desires hearings & community outreach, and odor enforcement.

3rd Floor Council Conference Room, Room 391, City & County Building.

See the agenda here.

ELECTION NIGHT ADVERTISING OPPORTUNITY on CannabisRadio.com

Click here for an Election Night advertising opportunity with a reach of 25 Million + listeners/viewers.

▶ Who?

◦ CannabisRadio, the largest online radio/podcast network for the legal cannabis industry

◦ Leading reform organizations

◦ Industry influencers

◦ Elected Officials

◦ Celebrities (Tommy Chong and more)

◦ Hundreds of cannabis industry partners

◦ Local & National mainstream media outlets

▶ What?

◦ Six hours of live streaming election coverage, produced by 7-time Emmy award winner. Audio & Video

▶ When?

◦ November 8th - 3pm PST to 12am PST

▶ Why?

◦ 9 states will be voting on either adult use or medical marijuana
◦ CA, AZ, NV, MA, ME = Legalization

◦ FL, AR, ND, MT = Medical

◦ Denver, CO = Social Use

◦ OR = Local OptOuts

▶ Where?

◦ CannabisRadio.com and hundreds of other partner websites, including mainstream media

ENFORCEMENT

WARNING FOR MJ BIZ CONFERENCE IN LAS VEGAS

The upcoming MJ Biz Conference, which is the largest cannabis industry trade show in the U.S. annually and expected draw 6-8k people, will be hosted at The Rio in Las Vegas, a Caesar's property. Based on the memo below, if you are attending this trade show, you need to know:

Caeser's employees have been directed to report observations of consumption and/or possession of marijuana anywhere on the property
If the amount of marijuana found to be in your possession is considered to be in excess of "personal one time use," you will be detailed and turned over to Metro Las Vegas Police.
If the amount of marijuana is considered within "personal one time use" you will be issued an immediate, lifetime ban from all Caesar's properties.

The following is a memo circulated to all Caesar employees last week.

All,

I want to stress a mandatory position and observation made by GCB Enforcement Division both personally to Caesars and at the Zone Meeting.

If a Club Venue employee observes an individual (guest or co-worker) with Narcotics, that observation is required to result in the detaining of that individual for either trespass or investigation of illegal controlled substance. The Club Venue does NOT have the discretion to only trespass an individual when the quantity of narcotics exceeds personal one time use. That individual is to be detained, evidence properly seized and held in custody and the individual is to be turned over to Metro or GCB for prosecution. The Club does NOT have the authority or discretion to trespass and walk out a guest who has more narcotics on him than he can use personally one time.

Any such procedures should cease immediately and the guest should be handled as an arrest with immediate referral to law enforcement.

All above described behavior or discretion exercised by a Club Venue Employee is aiding and abetting a felony and the employee in such instances will be held accountable for those actions and reported to the GCB for the violation.

This procedure has no exceptions. We need to understand this is the intent of the Club Venue Regulations to clean up drugs in the Clubs, not push the problem to the street.

Caesars has a zero tolerance for such employee behavior, the trespasses of a guest, when the guest has more narcotics than personal one-time use in their possession.

BUSINESS OPPORTUNITIES FROM CLIENTS

1. Two retail units for rent in Littleton, Colorado

Two retail units in a 4 unit building available. Free standing building. Street frontage and signage. 2 contiguous units are occupied by a MMJ Dispensary. Ideal for MMJ doctor or most other cannabis or related business. 4 units total. 2 available. Both have plenty of basement storage. Own parking.

The premises are in a highly active commercial, shopping, service, and administrative surroundings, making up a mutually beneficial commercial hub. Nearby businesses include: Bistro, Hairstyling, Auto Care, Littleton Food and Gas, Boost Mobile Store, ARC Donation Center, Ballet Academy, etc.

For more information, or to contact seller: http://www.loopnet.com/Listing/19927643/1080-W-Littleton-Blvd-Littleton-CO/

BUSINESS OPPORTUNITIES FROM BROKERS

1. An operating Grow Building that will be sold with plants in progress.

+/- 100 Gavita 1000W lights - Lease with option to buy - Additional land to build a greenhouse.
Asking $1.3M Cash for the 4 Rec-Med OPC Licenses (State and City of Denver), $1.4M for same with 1 Year Seller financing and $700,000 down.
Building can be purchased for $850,000

For further information, please contact Paul N. Isenbergh SIOR of PNI Management (305) 632-0744

2. An operating Dispensary and Grow with plants in progress, with 8 Rec/Med licenses (State and City of Denver)

120 lights, Rent $8500 per month - 5 year lease with option to renew.
Asking $3.5M, with $3M in Gross sales.

For further information, please contact Paul N. Isenbergh SIOR of PNI Management (305) 632-0744

3. 40+/- Acres in Hartsel with 6 licenses (State and Park County) OPC, MMC, and MIP.

Owner will sell outright, Build to Suit for Lease/Sale
Asking $1.5M

For further information, please contact Paul N. Isenbergh SIOR of PNI Management (305) 632-0744

4. 40.15 Acres in Elizabeth approved for HEMP.

Several existing buildings and a House. $599,000

For further information, please contact Paul N. Isenbergh SIOR of PNI Management (305) 632-0744

5. Denver Dispensary MMC/RMC

Trending to do 5M in an area open until midnight
High Traffic Store
High Revenue and Growth