It can be difficult to obtain a loan for your cannabis business. The industry is still relatively new and because of the legal landscape, many banks and traditional lenders are hesitant to work with cannabis companies. However, there are some options available for those looking to finance their cannabis business. In this article, we’ll explore […]
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The budding legal cannabis market is a complex web of laws and regulations. These laws can be so convoluted at times that some states, like Pennsylvania and Florida, are having trouble implementing their own licensing schemes. Perhaps it’s not surprising that some of the biggest names in Illinois cannabis were founded by lawyers. We’ve previously
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Cannabis Proformas for Dispensaries and Grows Cannabis proformas for dispensaries and grows are essential for your cannabis business plan. There are several proforma templates available online but what is a cannabis proforma and how can you make accurate assumptions about your financial flow? Today we’re speaking with a cannabis financial advisor from Vigland Advisors to
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How the Cannabis Industry is Embracing Blockchain Blockchain is taking the cannabis industry by storm. This week, Tom and Miggy were joined by Dr. Isaac Balbin from Parsl to discuss how the cannabis industry is embracing blockchain technology. What is Parsl? A business that uses blockchain technology Headquartered in Melbourne, Victoria, Australia Founded in 2017
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Employment and Human Resources in the Cannabis Industry Cannabis HR software is critical when establishing your cannabis business. When building your cannabusiness it’s easy to get caught up in your product, funding, and licenses but don’t let staffing take a back seat. This week we spoke with Heather Smyth from Würk to get a better
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What Banking Solutions are Available to Dispensaries? Cannabis banking has challenges that have ravaged the industry since the beginning. For an industry that is estimated to generate $19.3 billion in 2020, cannabis businesses have a tough time securing bank accounts. Cannabis is still federally illegal which makes most banks fearful to work with any cannabis
Why no public housing, doctors, banking or guns for marijuana users? These questions come up all the time with people in states where cannabis is legal – but not all businesses are as accepting of the new state laws. The 5 Cannabis Industry Challenges for 2020 are: banking, health care, even public housing, veterans, and
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Money Laundering & Marijuana Industry Marijuana being a schedule I drug declared unlawful under the Controlled Substances Act of 1970 has not stopped the majority of states from legalizing either its medical or adult use. The Bank Secrecy Act (“CSA”) takes part of the Controlled Substances Act (“CSA”) and defines it as ‘specified unlawful activity’
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Secure & Fair Enforcement (SAFE) Act Cash is king – So the Congress introduced one of the many pro cannabis laws – the SAFE Act. Secure & Fair Enforcement Act This was one of the first YouTubes that I did back in February of 2018. Fortunately, I’m versed in the subject matter. I’ve been hard
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