Category: Financial

Tip your budtender?

December 26th, 2016

    Tipping has always been a standard practice in the service industry. It allows customers to express gratitude to servers and rewards those who provide excellent service. And from an employer’s perspective, encouraging customer tipping is an excellent way to augment employees’ wages without incurring additional operating costs. But…

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A Greener Industry

December 2nd, 2016

It’s no secret that the cannabis industry is growing quicker than the plants themselves. As cultivation facilities develop and expand across the country, energy consumption in states like Colorado and California are on the rise. Keeping the cannabis industry green is a challenge in itself and it’s important for brands…

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Cannabis Business Valuations

November 23rd, 2016

Valuing a cannabis-related business would not be much different from valuing any other business except that this business is based on a product that is illegal to grow and sell under current federal law. How this challenge is dealt with in states that have legalized it is the focus of…

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The importance of paying taxes

November 2nd, 2016

  With the recent news that the IRS is going after Colorado cannabis companies, taxes should be at the forefront of every business owner’s agenda in order to help mitigate the risks of state or IRS tax audits. For marijuana businesses, the risk of an IRS audit comes with more…

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Growth in CBD market

October 25th, 2016

The Hemp Business Journal recently published The CBD Report, a comprehensive market overview of the rapidly emerging CBD industry. The report shows cannabidiol as one of the fastest growing market categories in the U.S. hemp and legal marijuana industries with a compound annual growth rate of 59%. Partnering with market leading…

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Five misconceptions of raising growth capital

October 21st, 2016

Many cannabis companies seeking to raise capital appear to have some misunderstandings about how to do so. In order to clarify these prevailing misconceptions, here’s a look at five common myths within the cannabis industry about raising capital. Myth: Cannabis businesses cannot obtain financing. Unfortunately, many banks will not extend…

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5 big mistakes made by growers

October 20th, 2016

As we approach year three of the recreational marijuana business in Washington and Colorado, the industry continues to evolve at a breakneck speed. With Oregon and Alaska set to open their recreational cannabis markets to consumers, and several more states likely to follow suit in the next couple years, the…

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Captives could solve cannabis insurance

October 7th, 2016

The complicated legal status of marijuana production and sale can make it difficult for cannabis businesses to insure certain risks. Despite the participation of several commercial insurance companies in the cannabis space, cannabis businesses are typically charged higher rates than traditional businesses for common insurance products. The abrupt withdrawal of…

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Oregon updates pesticide testing, packaging details

October 3rd, 2016

PORTLAND, Ore. The Oregon Liquor Control Commission and the Oregon Health Authority recently announced temporary rules that will allow flexibility in the collection of marijuana samples for pesticide testing, as well as in how marijuana products are packaged and labeled. OLCC will allow a smaller number of batches in each…

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Category Killers

October 3rd, 2016

Over the summer, a small handful of products with the potential to completely reinvent the edibles market began hitting retail stores. These odorless and nearly flavorless forms of THC can be added to any foods and beverages. If these products gain favor among consumers, they could reduce — or even…

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