When designing cultivation facilities or other business types, the design process typically starts with first choosing a property, then choosing a building, and then designing the equipment and systems to outfit the building. When it comes to hemp extraction, we actually recommend the opposite: start with choosing your processing method, then design your facility and […]
Best Practices
Using Quality as a Competitive Differentiator in the Cannabis Industry
In the aftermath of the recent vaping epidemic, cannabis consumers and businesses are paying more attention to quality than ever. For the sake of the industry’s long-term growth, let’s hope that concern translates into action with both time and monetary investments in improving and promoting high quality. Today’s savvy cannabis businesses should recognize that focusing […]
2020 Cannabis Industry Outlook
The New Year marks a noteworthy turning point in our country, economically, politically, and culturally. The decade ahead will likely include transformation and accelerate innovation within the cannabis industry, in continuation of previous years’ trends and with continued advancement towards legalization in some states and adoption of new rules in others. From where I sit […]
Three Threats That Can Harm a Cannabis Business: Cyberattacks, Fraud, and Non-Compliance
By Mark Bednarz, CPA, CISA, CFE, Partner Board members and company executives know the importance of preserving an organization’s reputation and taking action to safeguard it from threats. Having a positive image can help drive value for a cannabis business. Conversely, news of a negative event can spread like wildfire and require management to implement […]
5 Key Considerations When Starting Your Cannabusiness
The estimate is staggering: $30,000,000,000. That’s a lot of zeros and a forecast of annual legal cannabis sales by 2025—this as more and more states legalize marijuana for medical or recreational use. No question, the cannabis business is booming, which is something of a given. Less obvious is what you, as a budding cannabusiness entrepreneur, […]
Getting Started in Hemp Extraction: Step One: Choose Processing Method
Thanks to the 2018 Farm Bill, hemp is legalized federally and continuing to expand in popularity. Last year, the United States saw nearly 80,000 acres of licensed industrial hemp grown in 23 states (more than tripled from the year prior), and over 3,500 state licenses issued. The numbers aren’t out for 2019 just yet, but […]
Did the Tax Cuts and Jobs Act Remove the Teeth of 280E?
It seems that a cannabis dispensary could make a very strong case to run a portion of rent, payroll, utilities, security, and other overhead items through cost of goods sold…
Design & Construction Considerations for Cultivation and Processing Operations: Part Three
By Laura Breit, PE & Dylan Carey, EIT Process equals product when it comes to designing and building a cannabis cultivation or processing operation. A well-executed design and construction process will result in a well-functioning and well-built facility that will yield great product. All too often, growers and processors go through the process of building a […]
Design & Construction Considerations for Cultivation and Processing Operations: Part Two
By Laura Breit, PE & Dylan Carey, EIT Process equals product when it comes to designing and building a cannabis cultivation or processing operation. A well-executed design and construction process will result in a well-functioning and well-built facility that will yield great product. All too often, growers and processors go through the process of building a […]
Security Master Planning in the Cannabis Industry – Part 3: The Security Management Plan
THE SECURITY MANAGEMENT PLAN PART 1in this series explained that to legally operate a cannabis business, whether medical or recreational, a license or permit to operate must be obtained. Every state has its own regulations and application process in place. They all require security measures to provide for the safety and security of the operation, […]
