Category: Financial

In a cannabis grow, there are risks you simply cannot avoid. Thus, it is important for every grower to understand and engage in proper risk management, which is the process of identifying the risks you face, and developing a plan to survive them. One of the key pieces of that…

As California prepares to open its recreational cannabis market, savvy entrepreneurs and investors are studying the blueprint laid out in previous states to understand the potential for investment opportunities. In 2000, Colorado allowed marijuana use for debilitating medical conditions. Over the next decade, the law expanded, eventually allowing legal dispensaries…

Lately, I have had the pleasure of working with several innovative and rapidly growing companies that are poised to have a significant impact on the industry. One of the common components to their success has been the early development of a dynamic financial model that accurately reflects the key elements…

As an advocate for small business owners and a veteran of the finance industry, I have listened to hundreds of requests for capital from both cannabis-based businesses and business owners in other sectors. There are a few key mistakes I have seen business owners make time and time again that…

One of the biggest challenges for marijuana-related businesses is obtaining access to banking and other financial services. As long as marijuana remains illegal at the federal level, many banks, credit unions, lenders and other financial institutions will continue to remain wary of the industry, no matter how many states legalize…

As prospective cannabis entrepreneurs attempt to understand state and local regulations — while putting together business plans and marketing strategies — many attorneys across the country are scrambling to do the same. After all, the marijuana business and its complex regulations weren’t exactly taught at law school. After working at…

Most professional cannabis retailers know the struggles of collecting and making payments within the marijuana industry. For years, even in states where medical weed has long been legal, dispensaries and other marijuana-related businesses could hardly hope to have a bank account, let alone accept credit and debit payment cards. Visa…

We live in a credit/cash-equivalent based economy. Yet, cannabis businesses still rely on cold, hard cash for virtually everything and face immense burdens when it comes to running their everyday operations because of it. Conducting transactions in a cash-only atmosphere causes myriad issues with payroll, accounts payable, accounting and taxes.…

In more ways than geography, Canada is “higher” than the United States. Since the 2015 election of Prime Minister Justin Trudeau, investors globally have had an eye on Canada. In April, the Liberal government introduced a measure to legalize cannabis; investor confidence is soaring; Canadian cannabis stocks continue to trade…

Do you or your business owe taxes you can’t pay? Have you received a collection notice from the IRS or had your bank accounts garnished? First, file all your tax returns. People often delay filing tax returns if it will result in a tax bill they are unable to pay,…