Yesterday, Derek & Jim hosted our monthly cannabis industry update for July. This past month, there have some relatively large updates that can affect cannabis businesses throughout the country. If you need help or a second opinion on certain aspects of your cannabis business, then please reach out to us today to schedule a call […]

The data that your business is ALREADY producing is a valuable tool that you can use to improve the operation and profitability of your cannabis business. But, with so much activity happening in your business, the biggest question is choosing which key metrics you should use to manage your business. If you need help with […]

With the United States being the largest cannabis market in the world, it’s common to see cannabis companies with sizeable investments from foreign individuals and corporations. If you have taken on foreign investment capital or have foreign owners/stakeholders in your cannabis business, then you will likely have to file Form 5472 with the IRS. The […]

As a cannabis business operator, you know that cash is king, and without it, very little can happen for your business. In the beginning, it’s about bootstrapping, angel investors, and even finding VC money for the initial lift. But as you scale and find your niche in the industry, it’s now time for creative financing.  […]

In our monthly cannabis industry update, we talk about many topics including cannabis business taxes, cannabis industry news, and take questions from the live attendees. We covered topics ranging from updates on dispensary & delivery licensing for Los Angeles, how California cities may kill the delivery model, and cannabis business funding questions. If you need help […]

The nature of cultivation businesses is that they are loaded with upfront costs with no return on that investment until much later when compared to dispensaries or cannabis manufacturing businesses. When looking at the financial statements, especially the P&L, cultivation business can always seem to be running at a loss, and that can be deceiving […]

When you have a reasonable financial forecast and budget for your cannabis business, then you actually know what you’re striving for and what you can expect by the end of your fiscal year. With a proper forecast, you can benchmark your performance, manage your cash flow and cash on hand, and prepare for large swings […]

esterday, Sarah and Jim went live to discuss a topic that gets brought up quite often with clients: Financial Incentives for Founders & Employees. Attracting and keeping the best talent at your business is critical to the success of your organization. So, you need to find the right incentives that fit your business model and […]

In the cannabis industry, you have the ability to place yourself at all different stages of the supply chain from cultivation to retail. But a business model that doesn’t get analyzed enough is vertical integration, where you have a footprint in every part of the supply chain. It’s capital intensive but has plenty of benefits […]

Yesterday, Derek and Jim went live to discuss what our team is seeing develop over the past 30 days in the cannabis industry and answered many questions from the audience.  A link to each topic/question and answer is below.  Updates with Unlimited Cannabis Business Licensing Updates on Richmond Patient Group Case & 280E Thoughts on […]