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 […]
How to Build Cash Flow Statement for Your Cannabis Business
Need Help to understand your “Cash Flow Statement”? Then this is the right place for you! The hasty growth and dynamic nature of the cannabis industry have culminated in barbarian and hyper-inflated business valuations, making it immensely tough for companies to derive in on a fair valuation as they follow to amass in the up-and-coming […]
Michigan Cannabis Lawyer | Marijuana Business Attorneys in MI
Michigan Cannabis Business Law Firm If you’re looking for answers to your cannabis law questions, search for experienced and knowledgeable marijuana lawyers across the state of Michigan. You can find marijuana law services for Michigan’s cannabis industry righter heat at Collateral Base Business Lawyers. We have over 20 years of experience in business law and […]
Filibuster and Federal Marijuana Legalization
Filibuster and federal marijuana legalization Last years have been very important for cannabis legalization. Currently, fifteen states, two territories and the District of Columbia have legalized cannabis for adult recreational use. New York is the most recent state to legalize cannabis, which was passed in late March 2021, during New York’s 2021 session. And the […]
Board Member Agreements & How to Control Corporate Owners
Board Member Agreements & How to control Corporate Owners In the Cannabis Industry, having the right partners is essential. In practice, a lot of times you will be looking at a “49/51 deal” in which one of the partners has a 51 percent and there’s a second partner –or a number of partners- that share […]
