CannaBlog

Weather Risk Management 101 for Hemp Farmers, Processors and Investors

The 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 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

Washington 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

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.