Topic changed 4/27/18
Good Manufacturing Practices (GMP) are the global standard for manufacturing products intended for human and animal consumption. Learn from a GMP expert in the medical field why and how to get started on the path to GMP certification now and why GMP will become strategically important in 2-5 years.
About the Speaker: Marilyn Gatin, Ph.D.
Marilyn Gatin, Ph.D. RAC leads the Cannabis practice within Navigant’s Life Sciences division which works with companies regulated by the FDA. Marilyn has over 20 years’ R&D, commercialization and FDA regulatory experience in the medical products industry.
Leah Heise is the Chief Experience Officer (CXO) for 4 Front Ventures, a vertically integrated cannabis business with affiliates in several states. In her role as CXO, Leah is responsible for creating and protecting the user experience across the many brands under the 4Front banner, as such experience pertains to patients, employees, and owners. During this presentation, Leah will answer the following questions:
- What is the role of the CXO and how does it pertain to the cannabis industry?
- How should a professionally operated cannabis business organize its leadership team?
- What new executive positions are being created in the industry?
- How can companies in new cannabis programs increase the number of people on the patient and provider registries?
- Why is patient education so important in improving one’s customer experience?
- What are the best ways to measure and improve the user experience in cannabis businesses?
Canna Business Valuation Methods and Metrics
- Brief Cannabis Primer
- Overview of financial and business analysis of cannabis companies
- What kinds of risk are cannabis companies exposed to and how does that impact investors in cannabis companies
- Ownership interest options in the cannabis industry
- Financial forecasting in a new, uncertain and rapidly growing industry
- Valuing both Plant-Touching and Ancillary cannabis companies
- Valuation methods useful for cannabis company valuation:
- Income Approach – Discounted Cash Flow
- Market Approach – Public and Private Company Acquisitions
- Cost Approach – Net Asset Value Method
- Intangible assets in a cannabis company
Questions, questions and more questions!
ABOUT THE GUEST SPEAKER: Vanita Spaulding
Vanita Spaulding is a Managing Director at Cogent Valuation, a national valuation firm with offices in Woodland Hills, San Francisco and Costa Mesa. She has more than 30 years of valuation experience providing valuation services to clients in the areas of litigation support, financial reporting, and estate planning and tax valuation. Vanita has a diverse background in a myriad of valuation projects including litigation support, federal estate tax and gift tax, allocation of purchase price ASC805 and impairment testing ASC350, common stock valuation and share-based compensation valuation IRC 409A and ASC718, fairness and solvency opinions, intellectual property analyses, pre-acquisition financing, merger and acquisition pricing, ESOP formation and compliance. See page 3 for a partial list of Cannabis litigation and consulting projects and non-cannabis litigation support projects relating to shareholder disputes, marital and partnership dissolution, breach of contract, lost profits, personal injury losses, and eminent domain. She is qualified as an expert to perform litigation support services and has appeared as an expert witness before the Superior Courts of Los Angeles, Orange, Riverside, and San Bernardino Counties, as well as the American Arbitration Association. She has performed litigation and mediation services in Colorado.
|Offit Kurman Cannabis Attorney, Jason Klein, will host “Medical Ethics and Patient Advisory in Your Cannabis Business” with presenters Dr. Debra Kimless and Ms. Deborah Miran.
The presentation will include:
January 5, 2017. Noon to 1 p.m.
Offit Kurman Cannabis Attorney, Jason Klein, will host “How Dispensary Employees Can Effectively Assist Medical Cannabis Patients.”
The discussion will focus on:
– Recommendations for Medical Cannabis in Maryland – requirements, prohibitions and best practices.
– Questions to ask medical cannabis patients and questions to avoid.
– Finding the proper THC-CBD balance for patient efficacy.
– Establishing an effective dosing titration protocol.
– Special considerations for treating children and the elderly.
November 3 at 12:00pm (EST)
Offit Kurman Cannabis Attorney, Jason Klein, will host representatives from Maryland Medical Dispensary Association (MDMDA), MDMDA advocates for laws, regulations and public policies to promote an accepted, professional and secure cannabis industry in Maryland. In addition, MDMDA provides information to educators and parents on Maryland cannabis laws.
The presentation will focus on the challenges owners of dispensaries in Maryland have as they begin to get their cannabuisness up and running.
October 6 at 12:00pm (EST)
Offit Kurman Cannabis Attorney, Jason Klein, will host “Medical Cannabis Clinical Trials” with presenter Christina DiArcangelo Puller, CEO and Founder of Affinity BioCeuticals (First PA Cannabis Biotech), who will share her insight on medical cannabis clinical trials.
The presentation will include:
- Why clinical trials are important in the evolving cannabis industry
- What the cannabis industry should do to promote responsible product claim while the FDA/FTC is silent
- Practical guidance in conducting a clinical trial: time, money and resources
- Why medical cannabis will be important for current conditions as an alternative to existing treatments
- Eliminating addiction by supplementing medical cannabis for opioids
Viridian Sciences is hosting a series of Wednesday webinars. Join us and see first hand how a complete world-class, business management (ERP) solution delivers the needed tools to run all segments of your Cannabis business.
During the Webinar, you will have the opportunity to discuss how the right ERP solution will enable your cannabusiness to run efficiently with automated inventory tracking, seed to sale reporting, financial accounting, grow management, quality control, and many other essential tools to help you succeed.
Don’t delay! Learn how to grow your business with an industry-leading, cannabis software solution, using fully GAAP-compliant and audit-ready record keeping, Viridian’s solutions are second to none in terms of regulatory compliance and efficient overall cannabusiness management.
Register to Attend one of the following dates:
October 4, 11, 18 & 25
Over the next few years, there are very few sectors of the economy projected to grow by triple digits. Analysts are predicting the legal marijuana industry will grow 500 percent over the next five years.
With growth comes a need for capital. But borrowing money in the cannabis space can be an onerous and challenging task.
Given marijuana’s federal illegal designation, many bank loans are hard to come by for cannabis shops. While financing is available, it is not cheap. Some would say that ten years ago, you’d have to go to a loan shark to fund a cannabis business and that lender may break your legs for missing a loan payment.
Cannabis attorney Jason Klein hosts this webinar with guest Michael Richardson from Summit Peak Credit. Richardson has over 30 years of experience in mortgage loan production, valuation, quality control, compliance, forensics, fraud prevention and change management. With this knowledge, he was instrumental in developing the specialty lending platform for Summit Peak Credit, an asset based non-bank lender for the legal cannabis industry.
August 4, 12 p.m. to 1 p.m.
Offit Kurman Cannabis Attorney Jason Klein will host “Real Estate for Cannabis Businesses” with presenters Andrew Robinson and Tracie Clabaugh from Offit Kurman’s Real Estate Practice Group.
Robinson will discuss the importance of performing zoning due diligence in connection with site selection and leasing of properties for all facets of the medical cannabis industry. He will specifically be covering issues related to working with government officials to develop and implement effective regulations, reviewing existing regulations where they exist, and what to expect during the development process. The discussion will be aimed at landlords, tenants, owners, operators, and investors in the industry and those interested in getting involved.
Clabaugh will be discussing the importance of commercial lease provisions for the medical cannabis industry, and how these are different from typical commercial lease agreements.
She will specifically discuss certain lease provisions:
- The definition of “permitted use.”
- Hours of operation.
- Access for landlord.
- Definition of “hazardous substances.”
- Compliance with state and local rules.
The discussion will be relevant to tenants, landlords, operators, owners and investors.