Franchising veteran Sean McKay sits down with Ron Silberstein, CFO of Bud’s Place, to explore how decades of experience in finance and franchise operations are shaping an entirely new industry. Silberstein shares his journey from running a CPA firm to joining the management team of a large golf franchise, and how that sparked a lifelong commitment to franchising.

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Listeners hear how a call from Mark Cohen sparked the concept of cannabis consumption lounges, why Silberstein believed franchising was the right growth model, and what it takes to build a profitable system in a federally restricted industry. From the challenges of regulations and insurance to the opportunities in hospitality and customer experience, Silberstein outlines the mission of Bud’s Place: creating high quality fun while ensuring strong franchisee success.

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👤 Guest Bio

Ron Silberstein is a CPA, CFE, and long-time franchise expert with experience dating back to 1999. He has worked with franchisees, franchisors, and industry leaders across sectors from golf to hospitality. As CFO of Bud’s Place, Silberstein is focused on building the nation’s first franchised cannabis consumption lounges, blending his financial background with a passion for franchising and community.

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📌 What We Cover

• Transition from CPA firm owner to franchise executive in the golf industry
• Discovering a passion for franchising and its role in the US and global economy
• The origins of Bud’s Place and the vision for cannabis consumption lounges
• How federal illegality and state-by-state rules shape the business model
• The importance of profitability and franchisee success in building a brand
• Challenges of broker networks and lessons learned in franchise development
• Accounting and legal details every franchisor must get right in the FDD
• Why choosing the right advisors, CPAs, and attorneys matters in franchising
• The role of the International Franchise Association and industry conferences
• Bud’s Place’s focus on hospitality, entertainment, and multiple revenue streams

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🔗 Resources Mentioned

• Bud’s Place Website
• International Franchise Association (IFA) Annual Convention
• Book: Joy Inc. by Richard Sheridan