INTRO: Albeit a bit later than our scheduled arrival time, as promised we’ve landed the jet & we’re now here to talk about the cannabis treasury cycle to provide some critical context to the Treasury Cycle Internal Control Hack we previously shared 10/4/2024 on LinkedIn: https://www.linkedin.com/posts/tony-wayne-13b92b_treasury-cycle-internal-control-guide-activity-7245906020856725505-xxeq?utm_source=share&utm_medium=member_desktop As we discussed in that piece, the treasury cycle […]
KNOWING WHAT QUESTION TO ASK: DOING DUE DILIGENCE WHEN CONSIDERING CANNABIS CAPITAL CONTRIBUTIONS/INVESTMENTS
Introduction The legal cannabis industry is highly dynamic, ever-changing and oh so uncertain. And, it is experiencing an increase in litigation involving investors, the SEC, state regulators and ancillary service providers. All of this has contributed to challenges in raising capital & funding operations, very “creative” financial/ownership structures, and an influx of “unsophisticated” angel investors. […]
A Solid Rock Of A Strong Cannabis Internal Control Foundation-The Cycle Approach To Implementing & Integrating COSO & ACCCE CRMF Best Practices For GAAP Compliant Financial Reporting
Introduction: As a vertically integrated cannabis plant touching business owner/operator, you were thrilled when you learned you had been approved for all three license categories; cultivation, manufacturing & dispensary (retail). As with many who apply, you recognized the potential economies available to you, the growth/expansion potential from having seed to sale integration. And, the potential […]
Defying The Reality Of Financial Gravity-The Cannabis Social Equity Capital Conundrum
Unlimited Together, we’re unlimited Together we’ll be the greatest team there’s ever been Glinda, dreams the way we planned ’em If we work in tandem There’s no fight we cannot win Just you and I, defying gravity With you and I defying gravity They’ll never bring us down Not too long after he entered this […]
Diversification & Inclusion-Two Keys to Managing Cannabis Supply Chain & Customer Concentration/Dependency Risk
Ssgt J Michael Wayne, Marine Raider, Helmand Valley 2011 Over the years, I had the “opportunity” of hearing some anecdotes about what it was like to have boots on the ground, to serve at the tip of the sword in the Helmand Valley of Afghanistan 2011-2012. Most of the heavy lifting at that crucial time […]
A MAPQUEST TO EXCELLENCE IN CUSTOMER SERVICE: HOW TO MANAGE CANNABIS INVENTORY QUALITY
PREMISE: The over-riding goal for those investing in the very wild & whacky world of legal cannabis is to maximize the enterprise value (“EV”) of the cannabis venture to generate a realized ROI commensurate with the substantial industry & market risks involved. As such, we must generate & preserve cannabis lifetime customer value; perhaps the […]