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 […]
Best Practices
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 […]
5 Red Flags Your Client Is About To Become Your Debtor
We have all heard that in business that nothing is more important than customers. Many corporations today recruit and pay steep salaries for C-Level executives that include titles such as Chief Customer Relations Officer or Chief Happiness Officer. In the cannabis industry, where reputation, community exposure and outreach are crucial for success, we work long […]
The Cannabis Market’s Growing Need for Trade Credit Data
Along with the rapid growth of legalization is the rapid growth of the industry’s economic status. For decades, conversations have surfaced surrounding the positive impact that the cannabis industry could have on our country’s economy; fixing taxes, reducing crime, etc.. As we move into 2018, it is finally coming into fruition, but one major aspect […]
The Evolution of the Dispensary: Automate What You Can and Let the Budtenders Offer a Personal Touch
As our industry matures, dispensary owners and customers have come to expect more satisfaction from the cannabis shopping experience. Unlike other retail businesses that have succumbed to the virtual marketplace, regulations governing how cannabis is marketed and sold require that dispensaries follow a more traditional bricks and mortar model. For proprietors like me, cannabis retail […]
Here’s Some Advice From Cannabis Executives in Uncertain Political Climate
President Trump voiced support for medical marijuana and states’ rights during his campaign, but Jeff Sessions, his pick for Attorney General, has opposed legalization, and will have the power to enforce the federal drug laws that could send people to prison. This political uncertainty adds a new level of risk to entrepreneurs who already operate […]
