How to Open a Dispensary Business: Tips and Strategies for Success
Are you an entrepreneur or existing business owner interested in opening a successful licensed cannabis dispensary? Look no further than our Ultimate Guide to Opening a Successful Cannabis Retailer Storefront, sometimes called a dispensary, or provisioning center or Pot Shop. From finding the right location to navigating regulations and marketing your business, we’ve got you […]
Cannabis Trademarks
What are cannabis trademarks? Cannabis trademarks let creative lawyers help protect their clients’ brands that are involved with the cannabis plant with enough THC to count as marijuana under federal law. In this blog post we will briefly touch on what trademarks are and how you can protect your cannabis brand. Please contact us if […]
How to protect your business in a lawsuit
How to protect your business in a lawsuit If you find yourself in the unfortunate position of being sued, the first thing you need to do is contact a business attorney. It’s normal to feel overwhelmed, and upset, but if you want to keep your business and its reputation intact during this time, it’s important […]
How to protect marijuana trademarks
Because trademarks are federal law and that law still says that cannabis is still illegal under federal law, no federal trademark protections can be granted by the USPTO yet. Many medical marijuana, hemp, and CBD businesses are still in their infancy, many cannabis business owners are unsure if they qualify for federal trademark protection. The […]
IRS 280e Tax Code Impact on a Cannabis Financial Model
IRC-280E really reduces the profitability of cannabis dispensaries. The cannabis businesses are allowed to deduct the cost of goods sold (COGS) from gross receipts under IRC 280E. Most cannabis entrepreneurs or operators face financial hurdles when it comes to defining the complex structure of “280E” and its impact on the taxes of the cannabis business. […]
How to read a cash flow statement
Knowing how to read and interpret a cash flow statement may help you extract valuable information about a company’s financial health, whether you’re a working professional, business owner, entrepreneur, or investor. Is your cash balance higher or lower than it was a year ago? What caused it to rise in the first place, and why […]
Cannabis Real Estate
Marijuana for medical and recreational purposes has skyrocketed in recent years. Despite the plant’s status as a Schedule I substance under federal law, the legal marijuana business in the United States was valued at $13.6 billion in 2019, according to New Frontier Data, with 340,000 employees dedicated to plant handling. Further, the global legal marijuana industry size […]
How to Make Financial Projections for your Cannabis Dispensary
Financial Data and Cannabis Business plans The innovative Financial Dispensary Models in cannabis are essential for business success. This particular industry is dynamic in nature, and the apt projections can make it smoother to navigate. It is vital for businesses to utilize a financial forecast in the right manner. The cannabis sector is one of […]
Dispensary Financial Models
Financial models for a dispensary detail the cash flows of the business based on either assumptions or market data from your existing operations. Financial models are often required for your dispensary application. if you do not have enough liquidity to open your dispensary, financial models are required to get investors interested in the business opportunity […]
Cannabis Licenses and Due Process Protection
Cannabis Licenses and Due Process Protection A cannabis license is a legal document that allows the licensee to engage in business in the legal cannabis industry of the state for which the license was granted. Nowadays, such licenses are a highly valued commodity, with application fees costing tens of thousands of dollars, and in some […]
