As you expand your cannabis business, you will surely hire a lot of people. What you’ll notice is that many of those people have overlapping job duties and create redundancy within your business which is wasting money. And we’ve never seen a cannabis business that couldn’t use a little extra operating capital, so let’s find […]

The cannabis industry is seeing a ton of investment capital pouring into it. And many investors are investing under the pretense that they are investing in the “Green Rush” and that it’s a smart, once-in-a-lifetime investment. Well, not so fast…most of these cannabis companies are not all they represent themselves to be on the surface. […]

Cannabis sales tax is one of the most important items that cannabis retailers MUST pay attention to. Quite simply, if you calculate cannabis sales tax wrong (which a majority of operators are), then you will surely have an auditor at your door getting ready to dig through ALL of your reports and paperwork.   So that’s […]

Cannabis businesses rely on many types of agreements and contracts to make everything work properly, and sometimes, when you rush through, you end up making a bad deal just to get it completed.   That’s where the trouble comes starts. Then, you begin to operate your business and feel the pains of those bad deals, […]

Being in the cannabis industry, you understand that it takes an incredible amount of money to get started. But as a licensed cannabis business you realize that you have assets, licenses and cannabis real estate that you can leverage to create new revenue streams for yourself. We see this opportunity quite often so in this […]

Being a cannabis distribution business seems simple enough…warehouse & transport cannabis, then get paid. But there’s A LOT more to it than that… As a distributor, you also take on the duty of the tax-man or tax-woman for your part of the supply chain…and making a mistake with excise tax could legitimately end your business. […]

As a cannabis business operator, you may run into financial issues where you may feel the need to file for bankruptcy. But can businesses in the cannabis industry file for bankruptcy protection? In this episode, Jim will discuss: What is bankruptcy Court cases dealing with cannabis bankruptcy Hemp business bankruptcy What you can do to […]

Expanding your cannabis business into a multistate cannabis business can help you increase your brand reach and improve your revenue. In this episode, Jim discusses how to become an MSO covering topics such as: Considerations before expanding to another state How to Find a Trustworthy Partner Deal Types for MSO Expansion If you need help […]

Cash management is one of the most important aspects of running a successful cannabis business.   Cash is the oxygen of a business…and it doesn’t take a hero to lose money every month. In this episode, Jim will cover: Importance of Cash Flow Management Expense Prioritization Why You Need a Rainy Day Fund For help with […]

Investing in opportunity zone real estate can be incredibly lucrative for many reasons including reducing capital gains taxes on previous investments. Now, if those opportunity Zone properties fall in cannabis “green zones”, then you have added another layer of potential gains! In this episode, Jim will review: Understanding Opportunity Zones Opportunity Zone Tax Benefits How […]