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March 27 2019

Franchising Tips for Cannabis Businesses

Franchising is a great way to scale your business, but be careful of some common growing pains. 

  • Franchising is a smart way to bring talented people into an organization.
  • However, you will have less control over your brand and the way it is represented.
  • Franchising is complicated due to...
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Filed Under: Business

March 20 2019

5 Ways to Boost Profitability on Your Top Selling Cannabis Product

Try these five tips to overcome high sales tax and improve your profit margin at your cannabis dispensary.

  • Offer “premium” pricing on your best selling products. 
  • Upsell, cross-sell, and bundle products to boost the average basket size of each transaction.
  • Start a loyalty program to...
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Filed Under: Business

March 14 2019

How to Select a Good Location for Each Type of Cannabis Business

Location is everything, but it's very difficult to find affordable real estate for your cannabis business in California.

  • Zoning laws make it very difficult to find reasonably priced real estate for cannabis operators – this will be one of your biggest expenses.
  • Dispensaries in a bigger...
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Filed Under: Business

March 12 2019

Intellectual Property: What IP Can Your Cannabis Company Protect?

Intellectual property is one of the most valuable parts of your cannabis company – make sure it's protected. 

  • IP refers to trade secrets, an entrepreneur’s right to protect his or her original work.
  • You may not get a federal trademark on cannabis, but you may trademark ancillary products...
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Filed Under: Business

March 06 2019

Partnership Audit Rules for Cannabis Companies

Businesses that are structured as partnerships for federal income tax purposes have seen their audit activity increase – here's what you need to know.

  • The general rule under the new partnership audit rule is for partnerships to be taxed at the entity level.
  • Companies should factor in new...
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Filed Under: Compliance, Taxes

March 04 2019

Montana Commercial Cannabis Update

Update for March 4, 2019

It’s been an exciting week. Friday was day 45, halfway called transmittal, when they send the bills to the opposite house. Unfortunately, HB577 the gun rights bill failed to pass committee.

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March 04 2019

March 4th Weekly Round-Up: Commercial Cannabis Updates across California

This week RFPs are out for Commercial Cannabis Business Permits in Nevada County, and grants for California municipalities in support of California’s Cannabis Equity Act.

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Filed Under: Weekly Update