Are you using data to make smarter decisions in your business? On today’s episode we talk about how you can start using data to build your business with profit in mind. 

“Data can help all kinds of cannabis businesses operate smarter, make more money, and better serve their customers.” - Jeffrey Graham

On this episode, we talk to Jeffrey Graham, co-founder and CEO of Pistil Data, on how they are helping cannabis brands harness the power of data to grow faster. Some major highlights:

On this episode, Simone shares some basic business principles and strategic planning you can apply to your business today.

Join the Cannabis Business Mastermind Community at https://cannabisbusinessminds.com/.

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Lack of cash control has put many companies into bankruptcy. For cannabis companies, filing for bankruptcy is not an option.

“You need to have a credit & collection policy to help grow your business.” - Sam Fensterstock

On this episode, we get a deep dive on credit and collections in the cannabis industry with Sam Fensterstock, SVP of Business Development at AG Adjustments (AGA) – a leading provider of 3rd party commercial collection services.

Links mentioned:
Why Your Delinquent Cannabis Related Accounts Require Swift Action
AG Adjustments (AGA) website - https://www.agaltd.com/
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/slapshotsam/

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Linkedin: Cannabis Business Minds Podcast

Have any feedback? Shoot us an email at [email protected].

How familiar are you with web3.0 and NFTs? 

On this episode, we talk to Liz Wald about Web3 technologies and how it compelled her to co-found and launch thric3 -- an NFT-based membership community for people new or coming back to cannabis with an emphasis on wellness.

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Have any feedback? Shoot us an email at [email protected].

“Big misconception is that you need multiple brokers to create transparency and get multiple quotes. This is not the case and invoking many brokers most times make it more challenging for the insured.”

In this episode, we uncover the nuances and myths in insuring cannabis-related businesses with Eric Schneider, co-founder of AlphaRoot – a full service insurance brokerage that focuses exclusively in the cannabis, hemp, and CBD space. Some major highlights:

• Different kinds of insurance coverages and what makes the most sense for your business
• Challenges in cannabis insurance
• How the AlphaRoot app enhances the customer experience
• Disruption and the effects of compliance and regulation (THC, delta-8, CBD)
• Validation process, cultivating trust and transparency between insurance carrier and insurer
• How businesses should budget for an insurance and when to insure a cannabis startup
• Cannabis sales and the current scene in New York
• Eric’s advice to someone starting in the cannabis industry

Links mentioned in this episode:
Website: https://alpharoot.com/
Web app: https://app.alpharoot.com/
Email: [email protected] / [email protected]

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Unlock the FREE webinar to increase your cash flow here: https://www.cbmnetwork.com/courses/financecoaching.

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Linkedin: Cannabis Business Minds Podcast

Have any feedback? Shoot us an email at [email protected].

In this episode, Simone shares this timeless and insightful interview with Karim Webb for Cannabis Business Week back in July 2020 where they talk about:

• Karim’s journey to entrepreneurship and the impact his parents had
• Lessons on leadership, workplace culture, and community from his experiences in retail
• Challenges in operating competitive retail and improving outcomes
• How he got into the cannabis industry, 4thMVMT, and social equity
• The retail strategies to implement to attract and engage customers
• Mindset and more leadership lessons on the speed round

Access the free webinar to get actionable steps to increasing your cash flow today. https://www.cbmnetwork.com/courses/cashflow

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Have any feedback? Shoot us an email at [email protected].

In this episode, Simone talks about the challenges of cannabis startups from banking, cash flow, and taking action. Some major highlights:

• Lessons on cannabis banking
• Actions to take your business from the startup phase to launch phase
• Key areas to master for a successful cannabis startup
• Reflections on New York state cannabis tax scene
• Topics for the upcoming episodes (email us!)
• What do you want to accomplish in cannabis and what it takes 

Access the Ultimate Cannabis Startup Checklist to get a roadmap to starting a profitable cannabis business. (https://www.cbmnetwork.com/courses/bizchecklist)

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The key is in not spending time, but in investing it. In a 2015 Small Business Pulse Survey, business owners spend only 32% of their time on activities that lead to growth, improved profitability and increased morale.

In this episode, Simone challenges you to assess and rethink how you manage your time and tasks affecting your business and your personal life.

Grab the Ultimate Cannabis Startup Checklist to get a roadmap to starting a profitable business. https://www.cbmnetwork.com/courses/bizchecklist

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Are you having problems with prioritizing? There’s a quick tool that you can use to get out of being stressed and overwhelmed with the tasks that you have on your plate and being a proactive and mindful entrepreneur.

In this episode, Simone shares how the Eisenhower matrix, a simple decision-making tool, helps you prioritize better by making distinction between tasks.

Download the Ultimate Cannabis Startup Checklist to get a roadmap to starting a profitable business. https://www.cbmnetwork.com/courses/bizchecklist

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Instagram: @cannabisbusinessminds
Youtube: @cannabisbusinessminds
Linkedin: Cannabis Business Minds Podcast

Have any feedback? Shoot us an email at [email protected].

Cash flow is one of the biggest metrics in a cannabis business. In any business, the game is maximizing your cash flow and not just your revenue.   

As a startup, how do you maximize your cash flow? 

You can master cash flow by having your profit systems setup, having great terms with customers, and having a very clear understanding of your financial obligations. 

• Cash flow reflects liquidity
• Importance of your profit systems setup
• Revenue growth is a big driver of cash flow

Join the Finance Mentorship to stay ahead of your taxes, grow your cash flow, and build more wealth for yourself. https://www.cbmnetwork.com/courses/financecoaching

Connect with us!
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Instagram: @cannabisbusinessminds
Youtube: @cannabisbusinessminds
Linkedin: Cannabis Business Minds Podcast

Have any feedback? Shoot us an email at [email protected].