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Blog

June 19 2019

Managing Your Cannabis Business Fund Flow

 

 

Learn how to budget and allocate your cash so that you don’t miss any important bills and can keep track of your money. 

  • When cash comes in, put some in a safe and some in a bank, depending on how you're paying your bills (electronically or cash).
  • Only keep as much cash on site as...
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Filed Under: Taxes, Finance

June 17 2019

Cannabis Licensing Update - June 17

This week, California cannabis updates came in from Mountain View, Mendota, and Kern County. Here’s what cannabis news you need to know for the week of June 17, 2019.

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Filed Under: California, Licenses

June 12 2019

Issues Around Marketing Your Cannabis Business

Advertising cannabis products is strictly prohibited on a federal level, while also being highly regulated on a state-by-state basis – here's what you need to know. 

  • Instagram, Facebook and Google, and other social media companies do not allow cannabis companies to purchase ads on their...
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Filed Under: Business

June 10 2019

Weekly Cannabis License Update 6/10

This week’s California cannabis business updates come in from Los Angeles, Pasadena, Redding, Barstow, and Riverside. Here’s what cannabis operators in California need to know this week!

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Filed Under: California, Licenses

June 05 2019

5 Tactics to Drive Repeat Business for Your Cannabis Company

 

 

The cost to acquire a new customer is five times that of keeping an existing one – here's how to recruit loyal, repeat customers. 

  • Offer a points-based loyalty program to build your customer base.
  • Cross-promote your products with other local businesses, like restaurants and bars.
  • ...
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Filed Under: Business

June 03 2019

Weekly Cannabis Licensing Update - June 3

This week brought some big news updates from Los Angeles, Coachella, Adelanto, and San Jose. Check out these recent city council decisions concerning cannabis taxes and business licenses.

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Filed Under: California, Licenses

May 28 2019

5 Tips for Diversifying Your Cannabis Customer Base

As the cannabis market expands, it's important to know who your best customers are – and recruit new ones simultaneously.

  • Baby Boomers are a lucrative market: 67% of Boomers consume cannabis for health and medical reasons. They also spend more than millennials or Gen Z.
  • Diversify your...
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Filed Under: Business

May 20 2019

Morro Bay, California City and Manhattan Beach Cannabis Update - May 20

This week in California, Morro Bay, Manhattan Beach, and California City each announced updates to their cannabis taxes and local regulations. Here’s what you need to know about running a cannabis business in each of these jurisdictions.

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Filed Under: California, Licenses

May 13 2019

San Luis Obispo County & California Track-and-Trace - May 13

Here’s what’s been going on in the state of California’s cannabis market.

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Filed Under: California, Licenses

May 07 2019

Creating a Killer Pitch Deck for Your Cannabis Company

 

A well-crafted pitch deck can make your cannabis company stand out to potential investors.

  • Keep your deck short: no more than 15 slides.
  • Focus on the "why": why should an investor care about your business over every other investment opportunity?
  • Include ways that your business stays...
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Filed Under: Finance