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You are here: Home / Archives for Best Practices

Best Practices

5 Key Considerations When Starting Your Cannabusiness

December 2, 2019 by Bryan Johnson Leave a Comment

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, […]

Filed Under: Best Practices, Industry News Tagged With: business plan, corporate entity, Equal Pay Act, Insurance, licensing, limited liability company, real estate, Security Plan

Getting Started in Hemp Extraction: Step One: Choose Processing Method

October 7, 2019 by Laura Breit, PE Leave a Comment

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 […]

Filed Under: Best Practices, Hemp Industry News Tagged With: CO2 extraction, extraction

Did the Tax Cuts and Jobs Act Remove the Teeth of 280E?

August 14, 2019 by Ben Condon Leave a Comment

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…

Filed Under: Best Practices, Policy & Legal, Retailers Tagged With: 280E, 471, 471c, accounting, finance, Harborside case, Section 280E of the Internal Revenue Code, tax cuts and jobs act, Taxes and 280E, TCJA

Design & Construction Considerations for Cultivation and Processing Operations: Part Three

June 3, 2019 by Laura Breit, PE Leave a Comment

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 […]

Filed Under: Best Practices, Producers Tagged With: cultivation, Design & Construction, Processing facility

Design & Construction Considerations for Cultivation and Processing Operations: Part Two

April 29, 2019 by Laura Breit, PE Leave a Comment

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 […]

Filed Under: Best Practices, Producers Tagged With: Build-up Phase, business owners and entrepreneurs, Cannabis Cultivation, cannabis cultivation and licensing

Security Master Planning in the Cannabis Industry – Part 3: The Security Management Plan

April 25, 2019 by Tim Sutton Leave a Comment

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, […]

Filed Under: Best Practices, Compliance and Regulations, Cultivators, Medical Marijuana, Security Solutions Tagged With: cultivation security, dispensary security, Security Management Plan, Security Operations Plan, Security Plan, Security Technology Plan

The Advantage of Being a Transparent Good Neighbor

April 2, 2019 by Rob Hendrix Leave a Comment

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 […]

Filed Under: Best Practices, Industry News Tagged With: cannabis retail shop, good neighbor

Marketing a Cannabis Company for Sale, Part 4

March 18, 2019 by Dena Jalbert Leave a Comment

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 […]

Filed Under: Ancillary Businesses, Banking, Finance & Real Estate, Best Practices, Cannabis Investments Tagged With: Align Business Advisory Services, Letter of Intent, memorandum of understanding, Mergers & Acquisitions

Design & Construction Considerations for Cultivation and Processing Operations: Part One

March 18, 2019 by Laura Breit, PE Leave a Comment

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 […]

Filed Under: Best Practices, Producers Tagged With: Build-up Phase, business owners and entrepreneurs, Cannabis Cultivation, cannabis cultivation and licensing

Marketing a Cannabis Company for Sale, Part 3

March 11, 2019 by Dena Jalbert Leave a Comment

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 […]

Filed Under: Banking, Finance & Real Estate, Best Practices Tagged With: Align Business Advisory Services, Legislative Climate, Mergers & Acquisitions, profitability, trends

Security Master Planning in the Cannabis Industry – Part 2: The Security Technology Plan

February 12, 2019 by Tim Sutton Leave a Comment

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 […]

Filed Under: Best Practices, Compliance and Regulations, Security Solutions Tagged With: cultivation security, dispensary security, Security Management Plan, Security Operations Plan, Security Plan, Security Technology Plan

Cannabis Real Estate Evolution: What you need to consider

February 9, 2019 by Jacques Santucci Leave a Comment

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 […]

Filed Under: Banking, Finance & Real Estate, Best Practices, Medical Marijuana Tagged With: Cannabis Industry, distribution network, Early termination clauses, Jacques Santucci, Kalyx Development, Local ordinances, Pelorus Equity Group, real estate, real-estate management, zoning measures

Marketing a Cannabis Company for Sale, Part 2

February 5, 2019 by Dena Jalbert Leave a Comment

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 […]

Filed Under: Ancillary Businesses, Banking, Finance & Real Estate, Best Practices, Cannabis Investments Tagged With: Align Business Advisory Services, Mergers & Acquisitions

Security Master Planning in the Cannabis Industry

January 21, 2019 by Tim Sutton Leave a Comment

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 […]

Filed Under: Best Practices, Compliance and Regulations, Security Solutions Tagged With: cultivation security, dispensary security, Security Management Plan, Security Operations Plan, Security Plan, Security Technology Plan

Crisis Communications: Tips for Preparing a Response Strategy

January 8, 2019 by Shawna Seldon McGregor Leave a Comment

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 […]

Filed Under: Advertising, Marketing, PR & Research, Best Practices Tagged With: Corporate Communications, Crisis Communication, Crisis Preparation, public relations, Response Strategy

New Year, New Enterprise Resource Planning

January 8, 2019 by Jacques Santucci Leave a Comment

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. […]

Filed Under: Best Practices, Industry News, Science and Technology Tagged With: Enterprise Resource Planning

Marketing a Cannabis Company for Sale

December 19, 2018 by Dena Jalbert Leave a Comment

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 […]

Filed Under: Banking, Finance & Real Estate, Best Practices, Cannabis Investments Tagged With: Align Business Advisory Services, Cannabis Industry, Cannabis investments, Mergers and Acquisitions (M&A)

Employee Handbooks: Benefits, Pitfalls and Preserving At-Will Employment

December 3, 2018 by Tamsin Kaplan Leave a Comment

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 […]

Filed Under: Best Practices, HR and Staffing, Policy & Legal Tagged With: best practices, employee handbook, employment law

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