AZ Tech Roundtable 2.0

Why You Need Both Offense & Defense in Your Financial Strategy

- BRT S02 EP23 (70) 6-6-2021

What We Learned This Week

• Balance in a Financial Plan – Combo of Offense & Defense, Synergy of the Mix
• Offense – Stocks, and other growth Assets, Real Estate rental property, owning a business, etc.
• Defense – Tax Protection (moving $ to a Tax Free Position), Insurance strategies
• Tax Buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth)
• Tax Free Matching – using Leverage of 3 to 1 to increase a retirement strategy and get 60% more income

Guest: Denver Nowicz, President - Wealth For Life http://wealthforlife.net/

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

Offense – Denver tell us why you should invest in growth assets, and that stocks are one of the best to stay ahead of inflation

Defense – Why defense is so important, and how Insurance strategies and the IUL, can help, what characteristics does an IUL have and why Denver recommends it, compares to it an uncapped Roth IRA with even more benefits

Tax Protection – Tax Buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth), understanding the differences, and where your funds are currently, and options thru insurance products to move more $ to a tax free position

3 to 1 Matching (Tax Free Matching) – one of Denver’s favorite strategies thru insurance, more for upper level earners who have a long term horizon

Notes:

Offense – stocks and returns, past year and Covid economy (Black Swan rare event), rise of tech, disruption of business and investments, and standard stocks

Tactical strategy, hold 20 positions and can pivot quick to re-opening plays like oil, industrials, and banks from tech early 2021

No overly technical jargon, just simple investing in good companies with strong balance sheets, and low debt

Defense – why defense is so important, and how Insurance strategies and the IUL, can help, what characteristics does an IUL have and why Denver recommends it, compares to it an uncapped Roth IRA with even more benefits, says should be 25% of your portfolio

Returns of 6 – 8% historically tax free (like 10% taxed investment)

Defense wins championships, think of a pyramid with a strong base, and that is the defense part

Synergy with Offense (& Defense) to have a combo of both techniques, not ‘all or nothing’

Assets like real estate, insurance, gold, Bitcoin, CF business

IUL – lock in gains, yearly reset, uses options strategy so $ not in the mkt

Tax Protection – tax buckets, broken into 3 categories of taxed (income), tax deferred (401K), tax free (Roth), understanding the differences, and where your funds are currently, and options thru insurance products to move more $ to tax free position

You are partnered with the Gov’t on taxes and they can decide how to much you need to pay and when they want to change it

3 to 1 Matching (Tax Free Matching) – one of Denver’s favorite strategies thru insurance, more for upper level earners who have  a long term horizon

CF arbitrage with low risk asset and 3 to 1 leverage to enhance your invested $

Banks loan the $ to the insurance co. with the policy as collateral, 5 & done, then banks keeps funding with loan paid off in 15 years, no guarantees, no loans – like an unlimited Roth

5 (year buildup) and done, recapture time, try the sample calculator

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

Thanks for Listening.

Please Subscribe to the BRT Podcast.

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

BRT 3.0 - Best Of Bitcoin, Blockchain, & Crypto 2021 w/ Greg Foss, Blockworks & Swan Bitcoin

- BRT S02 EP22 (69) 05-30-2021

Clips from past show segments of BRT talking Crypto & Blockchain topics in 2021 from the exchanges,  legal, smart contracts, Bitcoin investing, & Blockchain / Crypto news service.

Clip from Seg. 3 of 11/8/2020 w/ John Denza, Erisx

https://www.erisx.com/

Talking Blockchain, what is it, and how it impacts the finance industry Bitcoin, and other Crypto currencies vs traditional banking and money, and the financial exchanges.

Full Show: Here

Clip from Seg. 2 of 12/6/20 w/ Todd Kartchner, Fennimore Craig

https://www.fennemorelaw.com/people/attorneys/k-n/kartchner-todd-s

Todd is a thought leader in the burgeoning fields of blockchain and cryptocurrency law, including smart contracts and digital currencies and IP. He is knowledgeable in the SEC regulations applicable to these revolutionary technologies.

Full Show: Here

Clips from Seg. 1 & 2 of 5/23/21 w/ Jason Yanowitz, Blockworks 

https://blockworks.co/about-us/

Jason’s background is in finance and VC work. He started Blockworks with his partner in 2018 to be the premiere source for blockchain and crypto news and information. The site has blogs, webinars, news stories and a podcast.

Full Show: Here

Clips from Seg. 2 & 3 of 4/25/2021 w/ Cory Klippsten, Swan Bitcoin

https://www.swanbitcoin.com/

Cory Klippsten is the founder and CEO of SwanBitcoin.com.  He also serves as an advisor to Riot Blockchain (NASDAQ: RIOT), Unchained Capital, and Bitcoin Venture Fund (TVP), and is a partner in Bitcoiner Ventures. Bitcoin Investing Made Easy. Swan is the best way to accumulate Bitcoin with automatic recurring and instant buys using your bank account, or wires up to $10M.

Full Show: Here

Clips from Seg. 3 & 4 of 6-2021 Greg Foss Executive Director - Strategic Initiatives 

Validus Power Corp, https://twitter.com/FossGregfoss

Greg Foss is a former credit trader, who has worked in finance and the bond markets for nearly 30 years. This talk is a breakdown a paper Greg recently wrote entitled – ‘Why Every Fixed Income Investor Should Needs to Own Bitcoin as Portfolio Insurance’.

He gives an overview of the credit markets, how bonds work, interest rates and inflation and US Treasury historical rates. Greg ties this to the overall market, currencies (fiat and hard assets), stocks and the effects current Government deficits have.

Full Show: Here

Crypto Topic: https://brt-show.libsyn.com/category/Crypto-Bitcoin-Blockchain

More - ‘Best Of’ BRT Podcast: https://brt-show.libsyn.com/category/Best+of+BRT

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Blockworks on Blockchain & Bitcoin w/ Jason Yanowitz of Blockworks

- BRT S02 EP21 (68) 5-23-2021

What We Learned This Week:

• Blockworks is a Financial News Site about Digital Assets - ie: Blockchain & Crypto
• Bitcoin is bigger than Elon Musk
• What is a token? Ethereum = Blockchain, Ether = token crypto
• Ethereum move to Proof of Stake for better payment speed
• Crypto Exchanges (ie - Coinbase) and future of investing and ETF creation

Guest: Jason Yanowitz of Blockworks Media Co.

https://blockworks.co/about-us/

https://www.linkedin.com/in/yanowitzjason

https://twitter.com/JasonYanowitz

Jason Yanowitz background is in finance and VC work. He started Blockworks with his partner in 2018 to be the premiere source for blockchain and crypto news and information. The site has blogs, webinars, news stories and a podcast.

Jason discusses all things Bitcoin, Crypto and the Blockchain form what each is, to Mining, and energy & the Elon Musk comments (and validity). We break down Web 3.0 on tokens, NFT, and the alternate crypto coins.

Understanding the creation of Ethereum, the founders, the protocol, and the difference vs Bitcoin. How will the Ethereum upgrade roll out, and if payments will be transacted faster with proof of Stake. Then we expand to the Crypto Exchanges, and Investing, funds / ETFs, and the future of the industry.

Notes:

Blockworks – financial nessite on digital and crypto assets, using Bloomberg as a model

Main Competition – Coindesk, DeCrypt, Coin Telegraph (Europe) & Coinbase

Working to Legitimize the Crypto / Blockchain Industry

Jason has VC background, was series licensed prior for investments

Remote Team – also in NY, Blockworks started in 2018 w/ Michael Ipolito (of mgmt) consulting

No crunchbase funding

Bitcoin value 7-8K x people who owns - $21 trillion = $1 million.

Blockworks – Media Co. – debate of whether crypto a currency or tech protocol ?

What is blockchain? Protocol, Difference from crypto – native asset of a specific blockchain

What is a token? Ethereum = Blockchain, Ether = token crypto

NFT - create digital certificate for a digital asset

DeFi – open source

Tesla/Musk comments & bitcoin decrease - Elon Musk comments – Bitcoin bigger than Tesla

Bitcoin volatility –   Stable coins, USD coin, compared to gold – goal – payment mechanism but may be digital gold.

Joe Lubin contributed to Ethereum

Ethereum & ETH 2.0 – Vitali

8 founders – spin offs of Cardano (Charles Hoskinson) & Polka Dot

Coinbase  IPO & drop

Brian Armstrong (from AirBnB) – y combo

Regulations & future – regulatory arbitrage – ECB digital coin – SEC – Gary pro crypto

Krakan – IRS & possible IPO regs .  OCC – regs  Comm.us.banks – settle payments now – NO float

Exchanges – Binance

Mining and Energy Use – over-rated – ½ % of world energy

Proof of Stake vs. Proof of Work

Bitcoin start in 2009 – how to have a currency – not de-valued

Bitcoin – blockchain – protocol for money and secure

Bitcoin currency

2014 – Ethereum – solve for apps on top of Bitcoin – smart contracts. Vending machine analogy.

2017 – Coinbase, Blockfi, Gemini, Binance exchanges

Applications – Website built on protocol – http

Email built on protocol – sml

Crypto – web 3.0 – value should accrue to protocol level.

2017 – ICO – Initial coin offerings led to bad and good money.

Bitcoin fluctuations pullbacks of 30% 6x

MKT Cap: M2 – $100 trillion / Gold – $11 Trillion / Bitcoin $2 Trillion

Crypto / Blockchain Topic:

https://brt-show.libsyn.com/category/Crypto-Bitcoin-Blockchain

Best of Blockchain / Crypto: Here

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Cannabis Industry Big Picture from Associations to M&A

- BRT S02 EP20 (67) 5-16-2021

What We Learned This Week

• National Cannabis Industry Association was founded (in 2010 in CO)on the principle of power in numbers, thousands of businesses involved in the state-legal cannabis industry
• Legalization in states, current, and future – 2013 WA & CO first to legalize, AZ legalize in 2020
• Moore Act - to de-schedule Cannabis as a controlled substance, FDA to regulate cannabis
• Safe Banking Act – Allows for big banks to work in Cannabis industry and FDIC rules / Claims Act – like Safe Banking Act for Insurance
• M&A Deal - Trulieve just bought Harvest Health in an all stock deal for $2.1 Bil

Guest: Morgan Fox Media Relations Director, Committee Manager of the National Cannabis Industry Assoc.

https://thecannabisindustry.org/

https://www.linkedin.com/in/morgan-fox-a3b25a11/

The National Cannabis Industry Association was founded (in 2010 in CO) on the principle of power in numbers. The thousands of businesses involved in the state-legal cannabis industry represent a tremendous economic force in this country and as the industry’s national trade association, NCIA proudly works every day to ensure our growing business sector has a seat at the table on the national stage. To promote the growth of a responsible and legitimate cannabis industry and work for a favorable social, economic, and legal environment for that industry in the United States thru advocacy and lobbying.

Morgan discusses all thing Cannabis:

Legalization in states, current, and future – 2013 WA & CO first to legalize, AZ legalize in 2020 Economics – taxes and regulations, and the changing of the 280E tax code Fed regulations – decriminalization Moore Act - to de-schedule Cannabis as a controlled substance, FDA to regulate cannabis

Safe Banking Act – Allows for big banks to work in Cannabis industry and FDIC rules

Claims Act – like Safe Banking Act for Insurance

Notes:

Ogden Memo RE: Cannabis and medical use (co)

“On October 19, 2009, Deputy Attorney General David Ogden issued a memorandum (the “Ogden Memorandum”), that gave U.S. Attorneys 'guidance and clarification' on how to enforce the Controlled Substances Act in states where medical marijuana had been legalized.

2009 Fed drops actions

2013 WA & CO legalize, 2020 NJ, 2021 NY pass adult use, 2021 NM & VA

Active summer – 2021 & stores open 2023 or 2024

Talking with members of Congress

2/3 Americans support

AZ had regulations set up with state bills

Help underserved communities

Politics – Advocacy & Lobbying, trade organizations

Networking, training

Trade shows – 2 dozen nationwide – 1 national, and 23-3 regional

Detroit 9/20

SF 12/21

AZ – virtual events MITA – AZ org.

Denver, CO & DC

Membership – 1500, Staff 20

Banks charge $10K / month to use banks in cannabis industry.                                                                                   FDIC – rules

Safe Banking Act – Safe Harbor for banks to work with cannabis businesses

Cash biz à debit cards and trade lending

**Moore Act – deschedule cannabis – lesser drug, criminal enforcement

Move to FDA or Alcohol, Tobacco to regulate

Claims Act – insurance, like Safe Bank Act

Tax – No write offs – tax rate as high as 70%, b/c of IRS – 280 E tax code

**Moore Act can help solve banking & tax issue.

Guests: Melissa Diaz w/ Rebel Rock

- customized accounting solutions, HR, and M&A for the Cannabis industry in AZ.

https://rebelrock.co/melissa-diaz/

https://www.linkedin.com/in/melissa-k-diaz-cpa-10215623

Melissa’s accounting experience as a CPA spans numerous industries, both domestically & internationally, including healthcare, hospitality and, of course, Cannabis. In addition to co-founding and serving as CFO to Rebel Rock, Melissa is CFO and Shareholder for High Rock Accounting, which places an emphasis on utilizing technology to strategically make day-to-day and long-term financial decisions, while pursuing company goals and compliancy.

At High Rock and Rebel Rock, Melissa helps companies remain competitive and efficient in increasingly high-pressure and high-stakes environments. Starting in 2016 she started branching out into the Cannabis industry.

  Melissa discusses M&A deals in the Cannabis industry, from SPACs, to VC, and how money is flowing in. She give breakdowns on specific deals (Verano Holdings) and the typical breakdown case study. Melissa explains the Hockey Graph rise in deals, and how growth by acquisition is necessary because of limited licenses in states, or land zoning laws.

Notes:

Revenue increase, stocks increase, deals increase

Raising money for Holistic Industries

**Flora Growth IPO at $5 / share

Curaleaf, Aerofarsm

M&A Deal - Trulieve just bought Harvest Health in an all stock deal for $2.1 Bil

Hockey Stick graph – growth in Cannabis industry on upward trajectory

Verano Holdings - $100 million financing deal

MSO – multi state operator

Land zoning – limited land, limited licenser

Politics – More states legalizing and 3-6 times multiplier and tax code lessened

Safe Banking Act – to get institutional capital and pool of money increase

SPACS – work around to bring Cannabis companies vs traditional IPO

Guest: Steve White, Founder / CEO of Harvest Health

https://www.linkedin.com/in/steve-white-40bb098

*Replay Clip - interview excerpt from the 3/21/2021 BRT Podcast

FULL SHOW: HERE

Harvest Health is a public co. (since 2018) traded Cannabis company (in Canada) that operates in 5 states with 15+ locations in AZ alone. Steve talks about the history of Harvest from 2012 to present, and how the industry has changed in the last 5 years, ad what he expects in the next 5. Also how Steve sees the Cannabis industry – is it mature? – or - Issues with the image of industry. Steve believes it has moved into the mainstream.

Cannabis Topic: https://brt-show.libsyn.com/category/Cannabis-Hemp-Marijuana

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Sports Gambling is Legal in AZ & Beyond w/ Adam Candee

- BRT S02 EP19 (66) 05-09-2021

What We Learned This Week

• AZ legalized sports gambling 4/2021 & develop rules to start in the fall of 2021, will have similar setup to Nevada & tax rate of 6.75%
• Low margin business – lots of data from NV, 55% win rate by sports book and then taxes
• NJ legal battle, Supreme Court in 2018 - ‘Pasba’ struck down Federal ban, now a state matter, and states can legalize sports gambling (vs Federal law 1992 – only in Vegas)
• Sports book will be inside US arenas, just like in Europe
• Big Players – Caesars, MGM, Fan Duel, Draft Kings, Betfair, Sky Bet, Penn National Gaming & Barstool Sports

Guest: Adam Candee w/ Legal Sports Report

https://www.legalsportsreport.com/arizona/

https://www.linkedin.com/in/adamcandee/

AZ has just legalized sports gambling, and it is due to go live in the Fall of 2021

Adam Candee is a radio host and journalist who runs the top sports gambling info websites / podcast - Legal Sports Report (.com). He joins the show to talk all things sports gambling. We cover AZ and all of the other states (like NY) who just passed the initiative also, and potential tax revenues.

We talk the big players (Draft Kings, Barstool Sports) and the casinos who have thrown their hat in – Caesars, MGM. 

Adam tells of the history of sports gambling in the US, the growth of offshore books in the 1990s, and what we can learn from Europe’s sports betting market the last 20 years.

Notes:

Bio – NAU grad and worked in AZ sports, Covered AZ Cardinals, Gambling & fantasy sports & podcasts

Develop regulations and roll out to public

AZ legalized 4/2021 and develop rules to start in the fall of 2021

AZ has FAQ – gaming department and tax rate of 6.75% like NV

Many states copy rules from other states, Language is the same in many states

State – 6.75% to 20% high end, Operate through state lottery

‘Vig’ of current sports gambling would make mobsters jealous

Low margin business – lots of data from NV, 55% win rate by sports book and then taxes

NJ legal battle, Supreme Court in 2018 - ‘Pasba’ struck down Federal ban, now a state matter, and states can legalize sports gambling (vs Federal law 1992 – only in Vegas)

Daily fantasy sports on Fan Duel and Draft Kings

MD,LA,NY,AZ,SD – all legalizing, OH, FL moving forward

ID, UT and a few others may not legalize.

European  and UK market – Legal for long time.

Sports / biz in Europe

OTB – off track betting – site where races air on TV and people can place bets

Betting windows inside football arena in Europe

Backlash – gambling addiction – bombarding people with gambling ads

Regulators cracked down in 2020 in UK

European operators moved to US

Betfair, Bet 365 ‘in play betting’ in NJ

Betfair – Andrew Black – Rich Koch invested

Flooder – Sky Bet   Post Bet (Australian)

Patty Power owns Fan Duel

Draft Kings

Fan Duel partners with Phx Suns – Sports book in Suns arena in Fall 2021

Vegas – casinos, Caesars & MGM – growth with sports betting

Growth by acquisition (M&A) Caesars buys William Hill

Leagues need engagement and gambling helps lots of comp. with internet

Appointment TV - Multi bill money deals with TV and Amazon

NBA – Tim Donaghy scandal, NBA ref fixing games

NFL / NBA etc – How dependent TV audience b/c gambling.

Estimates of market size - 2020 numbers – pandemic $ wagered in NJ

NJ - 95% bet on a phone vs. 60% in Vegas

Legal in 2018 to go nationwide.

$55 billion market in U.S. estimated, Oct. 20 $3 billion / month, global $465 billion

Draft Kings - $57 / stock

Fan Duel

Betfair bet 365

Barstool sports book, Penn National Gaming (owns 36%)

25 states legalized - future states

U.S. future – betting at football or B-ball stadiums

How does Pete Rose feel about this?

1919 Black Sox – baseball scandal, threw World Series

Jimmy the Greek – smooth Jimmy Apollo – ‘Lock of the week’

Brent Musberger – Coded calls during the game ref. gambling

VSPN Network in Vegas

Casinos – sports book – status and future / MGM

Off shore casinos – (5 Dimes, My Bookie, Caesars, Ovada)

No taxes, No recourse, No regulations – issues with getting money.

1992 Congress / Supreme Court tried to halt sports gambling growth – moved it off shore - $150 billion annual black market

More Like This:

https://brt-show.libsyn.com/category/Sports-Chess-Gambling-Games-Crime-Misc.

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

Thanks for Listening.

Please Subscribe to the BRT Podcast

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Non-Profit Investing w/ Steve Zabilski of St. Vincent de Paul

- BRT S02 EP18 (65) 05-02-2021

What We Learned This Week

• Non-Profits are still run just like a business – budgets, expenses , board mtg
• Budget forecasts are done 3 years out by a committee who then makes recommendations to the full board quarterly
• Invest – 3 ‘buckets’ / types of accounts – Cash (S/T 90 days), Reserve (12-18 mths), Endowment (L/T – 5 yrs +)
• Plan for time when donations decline – cyclical
• Non-Profit filing - Form 990 for tax exempt organizations

Guest: Steve Zabilski, Executive Director of St Vincent de Paul https://www.stvincentdepaul.net/about/our-board Homeless Population in Phx Struggling and How to Help Help to Feed, Clothe, House, Heal those who need it most

Business of Non-Profits – Steve talks about running a Non-Profit and all that is involved from the board, to employees, investments & more. 

We learn: How Non-Profits are still run just like a business, with budgets, expenses, and board meetings monthly. Analyze donations, and when they are received. For example, there will be cyclical bumps in the holidays, and slowing in the summer.

Determine what money is available for current expenses (this year), then short term needs (12-18 mths), and what can be invested for growth long term (use a 3 account system). Budget forecasts are done 3 years out by a committee who then makes recommendations to the full board quarterly.

Notes:

Run non-profit like any other business, expenses, cash flow

Steve has an accounting & Financial background, was at KPMG & insurance co., been with St. Vincent’s for past 25 years

stvincentdepaul.net

Full board meeting with all 25 members – 2-3 hr, 3rd Wed of the month

Executive board, w/ group of 5 – meet 1st Wed of the month.

Meet to discuss - Expenses / CF / budgets / Investing  

Internal Controls for cash and financials

Treasurer / CFO – Mr. Mark Anderson, CPA. 17 yrs at St. Vincent’s

Auditor –Annual GAAP by Clifton Larson / CPA

Management Ltr. – summary and marketing

Invest – 3 ‘buckets’ / types of accounts

1. Cash (liquid) – S/T 90-120 days – Ops – Payroll, rent, bills, supplies.
2. Reserve & Excess – mid-12-18 months to 5 yrs – sub buckets, some Equity / fixed income
3. Endowment – L/T 5yr + - investing 80/equity REIT – 20 / fixed income

Investment committee – CEO, Exec Director, Manager, some board members

Meet quarterly - Questions and instructions from donor  

How receive money / donation – cyclical / yr., heavy in holidays, summer is slow

Guest: Denver Nowicz, President - Wealth For Life http://wealthforlife.net/

https://www.linkedin.com/in/denvernowicz/

https://twitter.com/denvernowicz

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

He talks investing strategies for individuals and how he uses a similar strategy for Non-Profits. Run the budget the Non-Profit for the next 3 years. What cash is needed for expenses, and emergencies. Then what cash can be invested for short term duration, ie under 3 years in more fixed income, and what can be invested in stocks for higher growth.

Notes:

Treat non-profit like individual set-up. 

Plan for time when donations decline – cyclical

Asset Pool – Assets grow L/T. Safer funds, low risk.

Bond or Mutual Fund – conservative strategy ex – 80% fixed

Income – 4% bond, 1 to 2% for 2-3 yrs

Forecast budget 2-3 yrs out

Capital preservation for 2-3 yrs of money on hand, then invest other money for growth

Non-Profit filing - Form 990 for tax exempt organizations

Meet with Board – quarterly reviews.

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

Community: 

https://brt-show.libsyn.com/category/Community-Charity-Education

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Bitcoin – Buy Bitcoin Automatically w/ Cory Klippsten

- BRT S02 EP17 (64) 04-25-2021

Things We Learned This Week

• Bitcoin Investing Made Easy.Swan is the best way to accumulate Bitcoin with automatic recurring & instant buys using your bank account, or wires up to $10M.
• Simple way to get into Bitcoin – onramp vs. an exchange, one can Auto Invest – set and forget, like dollar cost averaging,
• Wallet – digital device to take full custody of Bitcoin, not have a 3rd party holder like an exchange (ie – Coinbase)
• Blockchain (cryptography) databases started 40 years ago but no real communication
• How Bitcoin started with the Satoshi Nakomoto 2009 P2P Network Whitepaer, internet of money on Blockchain, double spend problem solved

Guest: Cory Klippsten is the founder and CEO of SwanBitcoin.com

https://www.swanbitcoin.com/       

https://www.linkedin.com/in/coryklippsten

https://twitter.com/coryklippsten

Bitcoin Investing Made Easy. Swan is the best way to accumulate Bitcoin with automatic recurring and instant buys using your bank account, or wires up to $10M.

Cory Klippsten is the founder and CEO of SwanBitcoin.com.  He also serves as an advisor to Riot Blockchain (NASDAQ: RIOT), Unchained Capital, and Bitcoin Venture Fund (TVP), and is a partner in Bitcoiner Ventures.  As an advisor he has supported more than $250M of fundraising since 2016, and as an angel has funded 20+ early stage startups.

Before startups, Klippsten worked for Google, McKinsey, Microsoft and Morgan Stanley, and earned an MBA in Finance and Entrepreneurship from the University of Chicago.  He grew up in SF and Seattle, split 15 years between NYC and Chicago, and now lives in LA with his wife and daughters.  His hobbies include Bitcoin, history and travel (Istanbul nd Barcelona are favorites).

We cover the Bitcoin Industry from inception to today: How Bitcoin started with the Satoshi Nakomoto 2009 P2P Network Whitepaer (https://nakamotoinstitute.org/bitcoin/), crypto mining, what is Ethereum, blockchain, crypto exchanges like Coinbase, investing, and more.

Notes:

Inventing Bitcoin is an introductory book (by Yan Pritzer of Swan Bitcoin) on some of the technical aspects of the coin, mainly how its proof-of-work is designed technically, also explains the hash function, the mining, & how the consensus-driven distributed ledger is updated

Coinbase – popular Crypto exchange, IPO in 2021

Unchained Capital is a bitcoin native financial services company offering collaborative custody multisignature vaults and loans for bitcoin holders.

Satashi – 8 decimals: One Bitcoin has 8 decimal places, the smallest fraction is called a Satoshi. The name derives from the mystical entity to whom the creation of Bitcoin is attributed: Satoshi Nakamoto. Therefore, 1 Bitcoin is equivalent to 100.000.000 (100 million) Satoshi. These 8 decimal places enable access to Bitcoin without having to buy a whole unit.

Swan Bitcoin - Simple way to get into Bitcoin – onramp vs. exchange

Cashapp  $600 minimum; Buy Fractions

Simple way to get into Bitcoin – onramp vs. an exchange, one can Auto Invest – set and forget, like dollar cost averaging,

Wallet – digital device to take full custody of Bitcoin, not have a 3rd party holder like an exchange (ie – Coinbase)

Multisignature coding for Wallets: or multisig, is a digital signature codification that requires the use of multiple keys to verify a transaction. Responsibility is distributed among signatories, thereby eliminating a single key as a single point of failure. The wallet is kept even if a single key is lost, and the address is not easily compromised. The standard option is the use of a 2-of-3 key combination wherein two signatures out of three keys are required to sign a transaction.

Blockchain (cryptography) databases started 40 years ago but no real communication

How Bitcoin started with the Satoshi Nakomoto 2009 P2P Network Whitepaer, internet of money on Blockchain, double spend problem solved

Hype Cycle – pump and dump issues - The idea behind a pump and dump scheme is simple: A group of bad actors deliberately buys an asset, often small-cap stocks or other thinly traded securities, sings its praises to anyone who will listen — using false news or information (pump) — then sells when the increased activity drives up the stock price (dump). This often leaves those who bought the hype holding the bag, as asset prices crumble and artificial demand dries up.

Coindesk - $10 billion valuation - Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

The Byzantine Generals Problem is a game theory problem, which describes the difficulty decentralized parties have in arriving at consensus without relying on a trusted central party. In a network where no member can verify the identity of other members, how can members collectively agree on a certain truth?

Bitcoin – defined - https://en.wikipedia.org/wiki/Bitcoin

Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.[7] Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.[9] The currency began use in 2009[10] when its implementation was released as open-source software.[6]: ch. 1 

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Bitcoin has been criticized for its use in illegal transactions, the large amount of electricity (and thus carbon footprint) used by mining, price volatility, and thefts from exchanges.

The word bitcoin was defined in a white paper published on 31 October 2008.[4][14] It is a compound of the words bit and coin.[15] No uniform convention for bitcoin capitalization exists; some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, for the unit of account.[16] 

The bitcoin blockchain is a public ledger that records bitcoin transactions.[26] It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block[c] in the chain. A network of communicating nodes running bitcoin software maintains the blockchain.[27]: 215–219  Transactions of the form payer X sends Y bitcoins to payee Z are broadcast to this network using readily available software applications.

Network nodes can validate transactions, add them to their copy of the ledger, and then broadcast these ledger additions to other nodes. To achieve independent verification of the chain of ownership each network node stores its own copy of the blockchain.[28] 

Mining is a record-keeping service done through the use of computer processing power.[f] Miners keep the blockchain consistent, complete, and unalterable by repeatedly grouping newly broadcast transactions into a block, which is then broadcast to the network and verified by recipient nodes.[26] Each block contains a SHA-256 cryptographic hash of the previous block,[26] thus linking it to the previous block and giving the blockchain its name.[6]: ch. 7 [26]

To be accepted by the rest of the network, a new block must contain a proof-of-work (PoW).[26][g] The PoW requires miners to find a number called a nonce (number used once), such that when the block content is hashed along with the nonce, the result is numerically smaller than the network's difficulty target.[6]: ch. 8  

The bitcoin protocol specifies that the reward for adding a block will be reduced by half every 210,000 blocks (approximately every four years). Eventually, the reward will round down to zero, and the limit of 21 million bitcoins[h] will be reached c. 2140; the record keeping will then be rewarded by transaction fees only.[48]

Bitcoin is decentralized (DeFi) thus:[7]

• Bitcoin does not have a central authority.[7]
• The bitcoin network is peer-to-peer,[10]without central servers.
• The network also has no central storage; the bitcoin ledger is distributed.[49]
• The ledger is public; anybody can store it on a computer.[6]: ch. 1 
• There is no single administrator;[7]the ledger is maintained by a network of equally privileged miners.[6]: ch. 1 
• Anyone can become a miner.[6]: ch. 1 
• The additions to the ledger are maintained through competition. Until a new block is added to the ledger, it is not known which miner will create the block.[6]: ch. 1 
• The issuance of bitcoins is decentralized. They are issued as a reward for the creation of a new block.[46]
• Anybody can create a new bitcoin address (a bitcoin counterpart of a bank account) without needing any approval.[6]: ch. 1 
• Anybody can send a transaction to the network without needing any approval; the network merely confirms that the transaction is legitimate.[50]: 32 

Crypto / Blockchain Topic:

https://brt-show.libsyn.com/category/Crypto-Bitcoin-Blockchain

Best of Blockchain / Crypto: Here

Tech Topic:

https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Real Estate Accounting w/ Keystone CPA

- BRT S02 EP16 (63) 04-18-2021

Things We Learned This Week

• Many CPAs do not know or understand business and real estate, and how transactions work, if investing in real estate, need a good advisor
• Real Estate 101: Depreciation & Expenses write offs, LLCs for real estate / asset protection & get Umbrella insurance – make sure property, & activity of investor is covered
• S Corp – active real estate income, commissions, wholesale, fix & flip – S Corp can save you 7 – 15% in taxes, can choose how you want to pay taxes
• Cash out w/ 1031 Exchange (for like value property, to avoid Cap Gains tax) – also can refinance & pull $ out of real estate
• HNW (High Net Worth) – invest in rental real estate, get lots of tax write offs and can create tax free rental income

Guest:  Amanda Han & Matt MacFarland w/ Keystone CPA

https://www.keystonecpa.com/

Having helped thousands of investors across the US to save on taxes, Matt MacFarland and Amanda Han are founders at Keystone CPA, Inc. As both tax strategists and real estate investors, Amanda and Matt combine their passion of real estate investing with their expertise knowledge in tax strategies.

Accounting Background: Worked in Big 4 Accounting Firms (ie: Arthur Andersen; Coopers & Lybrand; Deloitte & Touche; Ernst & Young; KPMG; Price Waterhouse)

Their goal is to help investors with strategies designed to supercharge their wealth building using entity structuring, self-directed investing, and income offset opportunities to keep more of what they make.

Amanda and Matt’s highly rated book Tax Strategies for the Savvy Real Estate Investor is amongst Amazon’s top seller list.

They are also frequent contributors, speakers, and educators to some of the nation’s top investment and self-directed IRA companies.  Their cutting-edge tax strategies have been featured in prominent publications including Money Magazine, Realtor.com, and AllBusiness.com. Matt and Amanda were speakers at “Talks at Google” that features influential thinkers and creators. They have also appeared in CNBC’s Smart Money Talk Radio as well as BiggerPockets podcasts.

We discuss all things Accounting for Real Estate from: 1031 exchanges, depreciation, buying / selling properties, tax traps, trusts, retirement, corp. setup, capital gains, book-keeping, write offs, expenses, and more

Notes:

Many CPAs do not know or understand business and real estate, and how transactions work, if investing in real estate, need a good advisor

Depreciation – write off is real estate 101

UBIT – real estate tax trap

https://www.irs.gov/charities-non-profits/unrelated-business-income-tax

https://future.aicpa.org/resources/article/unrelated-business-income-taxes-ubit-in-a-nutshell

Organizations that are not generally subject to UBIT requirements include:

• corporations that have been organized under Acts of Congress and that are instrumentalities of the United States, and
• certain charitable trusts not subject to the tax on private foundations

Unrelated business income is:

• income from a trade or business which is regularly carried on and is not substantially related to the charitable, educational, or other purpose that is the basis of the organization's exemption.

Unrelated business income will result in UBIT unless an exception or exclusion is available.

Retirement accounts – self directed w real estate

Lease option

You don’t want to take tax advice from your realtor, or your dentist

LLCs for real estate for asset protection

Umbrella insurance – make sure property, and activity of investor is covered

Debt – can be protection for creditors or someone trying to sue, because little equity

Multiple properties – no tax difference personal owner vs llc

S Corp – active real estate income, commissions, wholesale, fix & flip – S Corp can save you 7 – 15% in taxes, can choose how you want to pay taxes, compare activity and determine if C Corp later makes more sense

Do not recommend S Corp owns long term rental property

Own in personal name or LLC

Move property from personal name to LLC – and make sure insurance (& title) are updated

Due on Sale Clause – in mortgages, you sell, and bank calls loan to paid back in full

Often CPA recs to leave debt where it is, and just transfer title

offset strategies - income shifting, charitable planning, Ozone / Opportunity Funds, etc.

Cash out w/ 1031 Exchange (for like value property, to avoid Cap Gains tax) – also can refinance & pull $ out of real estate

1031 Exchange  – A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows you to avoid paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like kind and equal or greater value.

Advanced -

Syndication Real Estate Deals – multiple investors in bigger deals

HNW (High Net Worth) – invest in rental real estate, get lots of tax write offs and can create tax free rental income

If you have enough write offs, use tax loss, and offset W2 taxable income if considered real est prof

Charitable Trusts – donation deduction of the property, buy real estate, and then give with real estate investing, do not need the income, but want the asset

Family Owned Partnerships – giving partial ownership of properties to heirs

Investing trust vs LLC – get comparison for taxes

Sell your primary home – get tax deduction $250k (to $500k) exemption to sell tax free

If convert to rental property, then sell within 3 years to still claim tax exemption

If improve a property, consider if worth the upgrade investment

Tap into Equity – strategies

Parent’s Net Worth - $10 mil or lower, put $ in trust for kids to inherit

Step Up Basis – Kids receive inherited asset at present day value (gain of the asset)

AMT – alternative minimum tax

Cash for Keys – amount you pay someone to move out is deductable

Partnership – file as tenants in common at 50 / 50, even if partner gets more $ from deal

AirBnB rentals – short term rentals treated differently b/c of how long guests stay, treated like hotel biz if average rentals is 7 days or less, ordinary income tax, self employment tax, etc. – should have LLC – if renters on average are there 7 days +, than it is a rental setup

Income deduction max out at $150K – cannot deduct anymore, but do have carry forward loss, does not apply if real estate prof (tax world term, does not have to be licensed)

Wholesale Market – find property for sale, acquire and flip to buyer, get fee of $5k

Investing Topic:

https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

Real Estate Topic:

https://brt-show.libsyn.com/category/Real+Estate-Construction-Land-Farming

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

Cannabis Farming to the Flower Shop w/ Copperstate Farms -

BRT S02 EP15 (62) 04-11-2021

Things We Learned This Week

• Copperstate Farms is one of the largest greenhouse cannabis producers in North America, with over 1.7 million sq ft of canopy & 40 acres under glass
• Sales Tax is 24% for recreational, but w/ Medical Card can avoid 16% sales tax
• Cannabis sales in AZ circa $700+ mil in 2020, and expected sales of $2 bil + in 2021
• IRS – Sec. 280 E, Cannabis is fed illegal, need Safe Banking Act, Trafficking in controlled substance cannot deduct business expenses
• Cannabis is a Startup industry & Recession Proof

Guest:  Ryan Hurley of Copperstate Farms

https://www.copperstatefarms.com/

https://thecannabisindustry.org/board-members/ryan-hurley/

Ryan Hurley is General Counsel at Copperstate Farms, the largest medical cannabis grower in the Southwest. Prior to joining Copperstate, Ryan was a partner at Rose Law Group, Rich, Hurley in Scottsdale, AZ where he led the firm’s Marijuana Practice Group. He has a background in land use and zoning law, environmental and water issues, renewable energy and a wide variety of regulatory compliance and administrative law issues. National Cannabis Industry Assoc., like the Chamber, in Colorado, and Ryan is on the board & a founding member in AZ.

Copperstate Farms is one of the largest greenhouse cannabis producers in North America, with over 1.7 million square feet of canopy and 40 acres under glass. We bring best practices from big agriculture, consumer packaged goods, and pharmaceutical industries to cannabis. We are building a culture where our employees view Copperstate Farms as one of the best places to work.

Notes:

Copperstate Farms started in 2016, w/ Corporate office - Camelback and 40th St.

Fife Simonson IV farms and greenhouse

M&A business

Soul flower Shops – Tempe, McCl. 202

Farm in Snowflake, AZ – 40 acre greenhouse, all indoors.

Bought greenhouse facility and converted to cannabis c2017

600 co. / 300 in Snowflake plus 200 with next facility – 2022

State Banking in AZ – No Federal Banking

IRS – Sec. 280 E, Cannabis is fed illegal, need Safe Banking Act.

Trafficking in controlled substance cannot deduct business expenses

Moore Act – federal decriminalization

$700 - $800 million in 2020. $2 – 2 1/2 billion in 2022

Guest: Greta Brandt

www.theflowershopaz.com

https://www.theflowershopaz.com/post/women-get-things-done

Greta Brandt currently serves as President for The Flower Shop of AZ as well as for True North Organics and Perfect Earth Modern Apothecary of Utah. Collectively, these three branches operate five medical marijuana dispensaries plus four cultivation sites and processing facilities. 

Greta is licensed as a corporate attorney in both Arizona and California and serves as a board member and officer for two not-for-profit corporations that currently operate three licensed dispensaries and cultivation facilities in Arizona. 

Her industry insight and awareness as it relates to company operations under Arizona’s Medical Marijuana Program has allowed her to create valuable connections with various local municipalities and all key Arizona and Utah regulators; the Arizona Department of Health Services and the Utah Departments of Agriculture and Health Services. 

The Flower Shop is a multi-state cannabis operator, focused on curating the largest flower selection in the state of Arizona. We are committed to providing our customers with artisan and craft cannabis products to meet the diverse needs of every customer. Our mission is to provide a robust selection of clean cannabis products that improve our customer's  health and well-being.

Notes:

The Flower Shop is Female led   w/ 3 off site cultivation

130 – AZ – 2017 purchase and re-brand to Flower Shop

Cultivation – industrial and downtown Phoenix, plus a farm, & greenhouse

$5 million – $20 million build-out for Cannabis op

$3K / pound – making hundreds

Sales up 6x at 420

THC – marijuana, part of the drup that gets you high

60 + 20 – Utah – diff (2)  2019 Perfect Earth / True North of Utah

+40 in 6 months – President of Utah Cannabis Assoc.

Cannabis is a Startup industry and recession proof  

Medical Card – w/ a medicinal card, can avoid 16% sales tax

Dispensary Agent Card – DA/FA – 24.6% Tax in Phoenix, AZ

Risks – No FDIC (insurance)

Banking regulations and fees, & security like armored cars to pick up money weekly

Segregate the banks – First Fidelity, Republic, Western

M&A Acquisitions – 20% cash, 80% stock

Medmen Scottsdale Talking Stick

Cannabis Topic: https://brt-show.libsyn.com/category/Cannabis-Hemp-Marijuana

‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. 

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

BRT Easter Holiday & Charity Show

- BRT S02 EP14 (61) 04-04-2021

Please Help the less fortunate during times of need, especially in Crisis like the Pandemic or the summer. Many charities receive volunteers, and donations during the holidays, but support is needed year round.

*All Donations to a Charity are tax deductable, or can receive a tax credit.

Guest: Steve Zabilski, Executive Director of St Vincent DePaul https://www.stvincentdepaul.net/about/our-board Homeless Population in Phx Struggling and How to Help Help to Feed, Clothe, House, Heal those who need it most

Steve Zabilski has served as the Society of St. Vincent de Paul’s executive director since 1997. Prior positions include senior vice president with Transamerica Insurance Group and audit manager for the accounting firm KPMG LLC.

Steve Zabilski embodies the philosophy of serving those in need. And appropriately, he is well-situated to live out those precepts of charity as CEO of the Society of St. Vincent de Paul (SVDP) Phoenix, where he oversees the day-to-day operation of the organization’s 250 employees and thousands of volunteers throughout Arizona. 

“We are a place that provides opportunities for others to be of service and this provides real meaning in our lives; a sense of purpose, a peace and joy that comes from having a reason for being that which is greater than ourselves,” professed Zabilski.

The Society of St. Vincent de Paul is dedicated to feeding, clothing, housing and healing individuals and families in our community who have nowhere else to turn for help. As important, SVdP provides meaningful opportunities for volunteers to serve their neighbors in need with love and compassion.

Business of Non-Profits – Steve talks about running a non-profit and all that is involved from the board, to employees, & more.  

Notes:

Help homeless population in Phoenix with 80 food pantries, and 5 dining halls that feed 4000 people per day, 15 Thrift stores valleywide, also deliver food daily to people

Homeless Shelter with medical and dental facilities, 300 paid staff statewide in all facilities

$50 mil budget per year for St Vincent + Lots of volunteers, and the support of 500+ business

Non- Profit business Model – tax returns, expenses, budgets for both short and long term, cash flow (negative in down summer months), Real Estate (own main facility on Watkins in downtown Phx)

Board Meetings – 25 members active for 3 year terms, meet monthly for 3 hours

Executive Board, and other sub committees like finance

Investing Setup – investing for short term needs, long term investments for growth, rules on what the organization can invest in, breakdowns of stocks vs bonds, conservative philosophy, preserve capital, receive support from Business, Endowments, Foundations, Trusts

Guest: Christina, Director of External Operations Military Assistance Mission aka MAM - https://www.azmam.org/

MAM is always focused on veterans, and their families. Their primary support is financial for E5 (their pay grade which is basically working poor) and below and morale aid for E6 and below.

Military families need your help also, from financial assistance, to donations, like second hand laptops for kids going to school virtually. MAM also hots an annual charity golf event.

Military Assistance Mission provides financial assistance and morale aid to struggling Arizona military and their families. 56% of enlisted families report financial difficulty with basic needs. MAM strives to provide financial assistance each year to 120 Arizona active duty, guard & reserve military service members.

Each year approximately 4,500 military members and families benefit from MAM’s morale/event programs such as Operation Holiday Open House, Seats for Soldiers, Back 2 School and Baby Bundle Bash.

For More Info and Community Shows or to Help:

https://brt-show.libsyn.com/category/Community

Investing Topic: https://brt-show.libsyn.com/category/investing

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