Welcome to part 2 of our two part series with Gabriel García, CFO of DJR García Law and a dear friend of mine. DJR García is a boutique law firm providing business, regulatory, and strategy advice to health and wellness providers. In this episode, we will discuss a topic that is rarely touched on... Healthcare, Insurance & Cannabis. What pains me about this topic, and I felt Gabe as well was that we can walk into any pharmacy and pick up prescription drugs at a reasonable price (with insurance). So, if marijuana is deemed "essential" and is used for medical purposes, then why isn't the healthcare industry taking that into account? Because, cannabis isn't cheap..
The cost of marijuana buds can vary based on quality and the location of the purchase. Typically, a gram of buds can cost $5-$20; an eighth (3.5 grams) costs $20-$60; and an ounce can cost $200-$400
Concentrates are typically sold in half-gram and gram quantities and generally cost $20-$60 per gram.
Expect to pay about $2-$5 per dose for edible medical marijuana items.
Tincture bottles sell for $15-$50, depending on strength.For the last 15 years, Mr. García has been a trusted legal advisor to leading brands in the rapidly growing health and wellness industries. An expert in corporate, regulatory, and tax issues, he also counsels boards of directors, charitable foundations, and nonprofit corporations, including the California Hispanic Chambers of Commerce and the United Core Alliance. Prior to launching DJR García, he served as General Counsel for Natura, a vertically-integrated cannabis campus in Sacramento, where he lead efforts to acquire the 21 licenses that comprising Natura’s commercial cannabis activities.
Mr. García’s other experience includes positions as commercial counsel for Abbott Laboratories, legal consultant for the healthcare consulting firm BDC Advisors, and a federal clerkship with the United States Tax Court. His insight on wellness innovation is routinely solicited from the press and national healthcare organizations and has earned him multiple awards from legal publishing houses such as the Theodore Tannenwald Jr. Foundation.
IG: @djr_garcia
https://www.djrgarcia.com
*Disclaimer:Listeners of this podcast must be mindful that possessing, using, distributing and/or selling marijuana is a federal crime, and no legal advice given herein is intended to provide any guidance or assistance in violating federal law nor will it provide any guidance or assistance in complying with federal law. Please also note that nothing in this podcast is intended to be deemed advice regarding the federal, state or local tax consequences of engaging in any business in this industry.
