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 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....

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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