Category: Financial

Early in 2016, industry leaders worried that too many marijuana ballot initiatives could spread resources too thin, leading to losses at the polls. November’s election, though, saw recreational or medicinal measures pass in eight of nine states. With multiple other states authorizing medical marijuana or new regulatory structures earlier in…

Anybody involved in the cannabis industry has probably heard about Internal Revenue Code Section 280E, which was originally developed in response to a famous U.S. Tax Court case. Craig W. Smalley is the CEO and co-founder of CWSEAPA (www.cwseapa.com) and Tax Crisis Center (www.taxcrisiscenter.com), which both have locations in Florida,…

After a bruising election season, most Americans are relieved it’s finally over. And if you listen carefully, you’ll hear the engines of business revving up, especially in the eight new legal cannabis markets. Cannabis growers in these states have been waiting with bated breath for new opportunities to expand their…

    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…

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…

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…

  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…

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…

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…

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…