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Blog

July 31 2020

SPACs in the Cannabis Industry

The acronym SPAC is showing up more and more in relation to the cannabis industry. SPAC IPOs raised, on average, $231 million in 2019 and $312 million thus far in 2020. SPACs are accountable for more than $2.5 billion raised in the cannabis industry.

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Filed Under: Finance, Investing

July 22 2020

How to Take Money Out of Your Cannabis Business

Many cannabis business owners draw a salary from the profit of their cannabis venture. Unless you are running a nonprofit, certain business entities allow you to take a reasonable salary from your cannabis operation. You may be required to earn directly from your cannabis interest. 

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Filed Under: Finance, Accounting

July 02 2020

Understanding Bad Debts for Cannabis Companies

In every industry, bad debts can happen for a variety of reasons: fraud, bankruptcy, and other financial problems make some debts uncollectible. The COVID-19 pandemic and ensuing economic chaos have increased the likelihood that cannabis entrepreneurs will have to deal with bad debt. 

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Filed Under: Finance, Accounting

June 18 2020

Analyze and Optimize Cannabis Cultivation Cost Per Pound

The nature of cultivation businesses is that they are loaded with upfront costs with no return on that investment until much later when compared to dispensaries or cannabis manufacturing businesses.

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Filed Under: Finance, Accounting

June 08 2020

Financial Forecasting for Cannabis Businesses

All cannabis businesses should have a financial forecast.

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Filed Under: Finance, Operations, Accounting

May 13 2020

Unlimited Licenses in Missouri, Cannabis Banking & Maine Restrictions Lifted

Missouri House Passes Bill to Eliminate Medical Cannabis License Caps

Great opportunity if you want to become a cannabis multi-state operator!

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Filed Under: News

May 01 2020

Break-Even Point for a Cannabis Dispensary

There are many attention-grabbing news headlines and industry people that like to talk about cannabis dispensaries making $3 million – and even $8 million – each year. While those figures sound impressive, don’t be fooled. That million-dollar number comes from top line, or gross revenue

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Filed Under: Business, Finance, Operations, Accounting