January 24, 2019

2018 saw a flurry of investments, mergers and acquisitions. Altria invested in Cronos for $1.8B and Juul for $12B(!), MedMen purchased PharmaCann for $682M, Constellation Brands invested $4B in Canopy and the list goes on. We all hear about these big deals but in terms...

October 30, 2018

In our last 2 articles we discussed why accounting for inventory is necessary and that the accrual basis of accounting is the best practice for the cannabis producers. In this installment, we'll discuss some practical benefits of accounting for inventory as well as som...

October 5, 2018

As most managers will tell you, finding and retaining "good" employees is not only a critical function of a business but one of the most difficult as well. In the cannabis industry, it may be twice as difficult. With all the hype, everyone is clamoring to get in with o...

September 25, 2018

In our previous article, we discussed how maintaining inventory on the accrual basis of accounting is a requirement of the IRS. In this installment we will discuss why we believe the accrual basis is best not only for inventory accounting but for overall accounting....

September 14, 2018

Is your cannabusiness accounting for inventory appropriately? And if so, do you know how to efficiently convert costs for cultivation items such as nutrients, employee wages, electricity and rent, into finished goods inventory? In this article we'll tell you why invent...

May 5, 2018

Many employers are not aware of the benefits of using a staffing agency believing they can do their own recruiting, scheduling, retention, payroll and administration just as effectively. While this is true in some cases, this belief is dependent on many factors includi...

March 23, 2018

In the first 2 installments of this series we discussed the differences between an independent contractor (I/C) and employee and classification of exempt vs. nonexempt employee. Now that we've determined that an individual is an employee, we need to ensure we document...

March 23, 2018

In the first part of this series we discussed the differences between an independent contractor (I/C) and employee and the risk of classifying an individual incorrectly. In this installment we will discuss the importance of classification of employee type.

As with deter...

March 2, 2018

In this 4 part series I'll discuss critical aspects of employment in the cannabis industry. Having employees comes with significant rules and responsibilities. The 4 most prevalent issues we will focus on are: 1) Employee vs. Independent Contractor (I/C); 2) Exempt vs....

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Accounting, Valuation, Investments and the M&A Frenzy

January 24, 2019

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