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The Importance of Proper Crop Insurance
/in California, CannaBlog, Colorado, Michigan, Minnesota, Montana, New York, North Dakota, Oregon /by Brigid GalvinOver the past year, Bridge West has been working closely with many hemp and CBD clients on setting up their businesses and financial projections. The demand for CBD has sky-rocketed and farmers and business owners are very interested in supplying that demand. Although there are notable differences, and each industry has unique challenges, our expertise […]
CBD in SOHO: Kevin Harrington’s CBD/Hemp Advisory Panel and CBD Pop-Up Event
/in CannaBlog, New York /by Brigid GalvinKevin Harrington and his “AsSeenOnTV.pro” Team realize the CBD/Hemp explosion is no fad and thankfully, is here to stay and growing exponentially stronger every day. In order to support this growing industry, they have formed a CBD/Hemp Advisory Panel comprised of a prestigious group of leading CBD/hemp experts and “movers and shakers” from a wide […]
Weather Risk Management 101 for Hemp Farmers, Processors and Investors
/in CannaBlog /by Brigid GalvinThe hemp industry is experiencing a resurgence in the United States due to the signing of the 2018 Farm Bill. Hemp production across the country is on the rise and, seemingly, it is increasing on a daily basis. Hemp can be grown for fiber, seed, or flower (oil extracts) and hemp farmers should be concerned […]
A Goal without a Plan is Just a Wish: A Breakdown of the Medical Marijuana Licensing Process in Missouri
/in CannaBlog, Missouri /by Brigid GalvinIn what feels like eons ago, Missouri became the 32nd state in the country to legalize medical cannabis when voters approved Amendment 2 on the November 6, 2018 ballot. The Missouri Department Health and Senior Services (DHSS) began accepting license application fees for medical cannabis cultivation, infused product manufacturing and dispensaries on Jan. 5, 2018. […]
National Cannabis Industry Association Lobby Days | Observations and Insights | May 21-23, 2019
/in CannaBlog, Washington D.C. /by Brigid GalvinWashington D.C. in May is always the perfect time of year, summer weather but not too hot with temperatures in the low 80s and blue skies with puffy white clouds. This past May, the cherry blossom trees and flowers were in bloom everywhere. Just beneath the beautiful landscape, hyper-partisan politics lurked, and wrangling over the […]
Financial Projection or Model for your Cannabis or Hemp/CBD Business Plan
/in CannaBlog /by Brigid GalvinAll 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
/in California, CannaBlog /by Brigid GalvinThe 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 […]
Adult-Use Dispensaries are Open in Massachusetts … and Sales are Through the Roof!
/in CannaBlog, Massachusetts /by Brigid GalvinMy 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 CannaBlog, Colorado, Oregon, Washington State /by Brigid GalvinIn 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
/in CannaBlog, Cultivator, Dispensary, Processor /by Bridge WestSince 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.