The Bureau of Labor Statistics reported this year that about 20% of small businesses fail in their first year. In the cannabis industry, operators face more obstacles than other new businesses. High licensing fees, taxes, and lack of access to traditional banking create high barriers...
The 280E regulation requires cannabis operators to deal with an inordinate amount of cash. The term “cash flow” takes on new meaning for businesses in this cash-heavy industry. Cash is the oxygen of any business, and when you’re just starting out, it’s likely that you may have some...
If you need help with filing Form 8300 for your cannabis business, then please reach out to our team today.
Recently, our experts have heard reports of cannabis operators being penalized for failing to submit IRS Tax Form 8300.
This post is the second in a two-part series on mergers and acquisitions in the cannabis industry. Read the first part, “Mergers & Acquisitions in the Cannabis Industry - Due Diligence” for things to know about performing due diligence on an M&A deal between two cannabis operators.
As operators gain more experience working in the cannabis industry, some trends are becoming clear. The market is very relationship-based; it’s hard to get a foothold in this competitive space if you don’t partner with another cannabis operator, either directly or indirectly.
Due to federal regulations restricting cannabis operators’ access to traditional banking, many cannabis companies are forced to pay their operational costs in cash.
This week’s cannabis updates from the state of California come from Los Angeles, Hesperia, Sacramento, and Oceanside. Plus, an important update in regards to starting a hemp business in the US.
Mergers and acquisitions are becoming more and more popular in the cannabis industry. According to data from Marijuana Business Daily, “233 M&A transactions have been completed so far in 2019 versus 185 for a similar period last year.” M&A deals involving public buyers are an...
In the past, we’ve discussed the pros and cons of franchising as a strategy for expanding your cannabis business. Today, we’ll present another option: embarking on a cannabis joint venture. Not that joint! ;)
Filed Under: Finance
As a cannabis business owner, you know that you have a lot on your plate.