CannaBlog

Financial Projection or Model for your Cannabis or Hemp/CBD Business Plan

All good business plans require a financial projection. Creating a financial projection is both an art and science. A financial projection will include projected sales, budgeted expenses, a balance sheet, cash flow, and sources and uses of funds. Also, a financial projection will help determined how much funding will be needed and the projected ROI […]

California Cannabis Regulators Seek Control Over White Labeling Practices

The California Bureau of Cannabis Control (“BCC”) recently adopted Final Rules[1] that will greatly impact the legal marijuana industry in the Golden State.  While not as disruptive as initially proposed, the final regulations will require marijuana license holders that sell products under a brand owned by a non-licensee to report that brand owner as either […]

Medical Marijuana – The Ballast Point with Peter Prevot and Louisiana Association of Therapeutic Alternatives

Adult-Use Dispensaries are Open in Massachusetts … and Sales are Through the Roof!

My partner, Cory Parnell, and I traveled to Boston recently to attend the National Cannabis Industry Association’s Seed to Sale Show.  Following the show, I toured Western Massachusetts and visited an adult-use dispensary in Leicester with clients who accompanied me from Denver.  At the time of our visit, there were only five adult-use dispensaries open […]

How to Survive in a Cannabis Market with Falling Prices

In a previous blog I wrote that in Colorado and other states large harvests of outdoor cannabis would depress prices.  That harvest is now hitting the market and we are seeing prices in the $400-$500.  The price of indoor pounds has fallen to $1,000 or less, down from close to $2,000 a pound a year […]

Determining Inventory Costs for Your Cannabusiness

Since Bridge West started working with cannabis and hemp companies in 2009, one of the most challenging accounting and tax issues has been determining inventory costs.

Six Months after Oklahoma State Question 788: Challenges and Opportunities Plentiful in the Wild, Wild Mid-West

Voters in North Dakota, Ohio, and Arkansas approved medical cannabis programs in 2016. Louisiana legalized medical marijuana through ultra-restrictive state legislation in 2015. Yet, none of these states have been able to achieve what Oklahoma has accomplished in just six months: the first sale to a registered patient. “I think we really are the wild, […]

What does the 2018 Farm Bill mean for the status of CBD?

President Trump recently signed the 2018 Farm Bill into law. This is not an ordinary farm bill, as the most interesting changes involve the cannabis plant and cannabis is not usually part of the discussion concerning farm subsidies, nutritional assistance, and crop insurance.

Bridge West is Proud to Announce the Promotion of Peter Prevot, CPA

Bridge West is proud to announce that Peter Prevot, CPA, CIA has been promoted to Senior Business Consultant serving a diverse group of U.S. and Canadian businesses in the cannabis industry.