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 Risk Management & Compliance
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 […]
Herding cats: Cannabis Risk Management Culture & the Critical Importance of Robust Compliance Assurance Activities
Premise: There is a measurable, direct cause-effect correlation with and cannabis enterprise value benefits from adopting the ACCCE CRMF approach to risk management. Board oversight & responsibility, risk officer accountability, standardization of policy elements & presentation, delegation of risk management activities, training are all vital to effective implementation of a tailored risk-based approach to cannabis […]
The Cannabis Betting Window Remains Open
My hope and dream is some day before I head to the horserace in the sky, cannabis may become legal in some respect right here in Kansas-the “heart of America.” I often contemplate just what we know that most of the others don’t. At least we have sportsbook betting here!! The Reschedule “Pivot” Well, the […]
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. […]