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 […]
Best Practices
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, […]
The Advantage of Being a Transparent Good Neighbor
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 […]
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 […]
