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 […]
Cannabis Financial Reporting
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 […]
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 […]
KEEPING IT ALL IN “BALANCE”: WHAT WE “OWN,” WHAT/WHO WE “OWE” & STAYING IN GOOD FINANCIAL CONDITION
INTRODUCTION We’re hearing a lot about the critical importance of work/life “balance” lately, with many firms going so far as to taking on the challenge of changing policies, programs, employee benefits and the workplace culture to encourage & facilitate this shift in attitude. Employee mental health is growing as a corporate priority, and burn-out, family […]
NEVER ABOVE YOU, NEVER BELOW YOU, ALWAYS BESIDE YOU: 280E FORMATTED FINANCIALS & MGT REPORTING WEAKNESS
PREMISE: 280E compliance demands, & the focus on minimizing the extraordinarily punitive financial impact have contributed to a priority focus/emphasis for cannabis firms on cost of goods sold (COGS). Which in turn has complicated the process of financial reporting to run the business. Vital to engage financial advisers, cannabis accounting professionals who prioritize the navigation […]
VETTING CANNABIS ACCOUNTING & CFO “EXPERTS”-AVOIDING THE PITFALLS OF HIRING A GENERALIST
As codified by Lieutenant Colonel Paul Marcy in 2013: “As an operator in Special Forces, SSgt Wayne was often entrusted with a great amount of responsibility and has always responded with aplomb. This past deployment, he was responsible for combat advising a platoon of Afghan Commandos in the highly kinetic Helmand River Valley of Afghanistan. […]