By Rob Hendrix The Friday prior to my opening my state legal cannabis retail shop in Ellensburg in Central Washington State, I invited the Chief of Police, City Manager, City Attorney and our local Fire Marshal for a meeting. This meeting was held in my retail shop on Friday August 22, 2014 before we were slated for […]
Best Practices
Marketing a Cannabis Company for Sale, Part 4
Part 4: Confirm Deal Terms In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert, walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Part 4: Confirm Deal Terms,” is part four of a five-part series. At this point in the process of marketing your […]
Design & Construction Considerations for Cultivation and Processing Operations: Part One
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 […]
Marketing a Cannabis Company for Sale, Part 3
Part 3: Identify Profitability and Financial Trends In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Step 3: Identify Profitability and Financial Trends,” is part three of a five-part series. At this point in your journey […]
Security Master Planning in the Cannabis Industry – Part 2: The Security Technology Plan
This article is the second in a series of four (4). PART 1 in 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 […]
Cannabis Real Estate Evolution: What you need to consider
By Jacques Santucci The cannabis industry is evolving rapidly and so is your view of the real-estate market From coast to coast, America’s real estate markets are facing considerable shifts due to the advent of the legal cannabis industry, prompting once derelict store fronts and industrial warehouses to skyrocket in price, with competition for precious […]
Marketing a Cannabis Company for Sale, Part 2
Step 2: Put Your Team in Place In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Step 2: Put Your Team in Place,” is part two of a five-part series. After mapping out your strategy […]
Security Master Planning in the Cannabis Industry
Part 1 of 4 In order 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, its associates, and the […]
Crisis Communications: Tips for Preparing a Response Strategy
We’ve all done it: The fire drill. You’re in the middle of a workday when the alarm bells go off. You leave a project you’re jamming on, walk outside to the designated area, listen to the fire marshal give the spiel about safe exit routes and where you can find a fire extinguisher. Then you […]
New Year, New Enterprise Resource Planning
The cannabis industry is evolving rapidly and so should your perception of Enterprise Resource Planning (ERP). New Year’s resolutions are easy to make, but difficult to keep up with. From personal growth to goal-setting, it’s no secret that resolving to “do better” is a challenging task. It’s much the same when making decisions about your business. […]
Marketing a Cannabis Company for Sale
Step 1: Define Your Strategy In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Step 1: Define Your Strategy,” is part one of a five-part series. Whether a company is looking to sell immediately or […]
Employee Handbooks: Benefits, Pitfalls and Preserving At-Will Employment
By Tamsin Kaplan Every cannabis employer should have in place an employee handbook tailored to meet the needs of its business goals and workplace culture, and to ensure compliance with all applicable state and federal laws. I. Why Should Cannabis Businesses Have An Employee Handbook? A well-crafted employee handbook will support the success of your […]
Holiday Security for Dispensaries
Since the cannabis holiday season operates differently from the rest of the year, you need to understand exactly how your current programs handle security and safety. After you understand your current programs, you need to plan what would be an efficient way to manage these programs when there are a lot more people in your […]
Making Data Work: What You Need to Know
The cannabis industry is evolving rapidly and so is the usage of data in a business, particularly in this nascent industry. We all know that data’s importance to business strategy is unimaginably larger than a couple of decades ago, but what does it mean to have data that works for your business, in a secure, […]
Four Elements of Organizational Processes Part II: Operations Planning and Quality Management Systems
The second installment of this series explores how Operations interprets and implements company strategy while Quality Management Systems (QMS) monitors the processes and collects decision driving data. Operations A company’s strategic plan conceptualizes long-term goals as a clear strategy is an absolute necessity to a well-designed operations plan. Without this guidance, writing an operations plan […]
What Cannabis Companies Should Know About Data Security and Breach Response Requirements
Cannabis companies should remain mindful of the importance of creating and maintaining a comprehensive written data security program. No cannabis company should aspire to being subject to response costs, regulatory fines, and potential lawsuits that follow the theft or inadvertent disclosures of legally protected or commercially sensitive data or, even worse, harming customers by enabling […]
Protecting Your Trade Secrets and Goodwill
Developing premium cannabis and cannabis products is only half the battle for businesses seeking to distinguish themselves in an increasingly competitive climate. The other half, which requires careful planning, is to protect your business’s goodwill and proprietary recipes, formulas, and methods in order to retain your competitive advantage in the market and ensure customer loyalty. […]
Cannabis Conferences: Five Smart Tips for Getting the Most Out of Marijuana Trade Shows
We’re heading into trade show season. So for my latest Cannabis Business Executive column—where I regularly unpack the art of public relations in the cannabis industry—let’s dig into some smart ways to decide what cannabis conferences are worth your time and money, and how to get the most out of any event you attend. Trade […]
