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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.
Six Months after Oklahoma State Question 788: Challenges and Opportunities Plentiful in the Wild, Wild Mid-West
/in CannaBlog, Oklahoma /by Brigid GalvinVoters 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?
/in CannaBlog /by Brigid GalvinPresident 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
/in CannaBlog /by Brigid GalvinBridge 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.
Quartz: Cannabis companies are paying federal taxes in cash and it’s giving the IRS a headache
/in CannaBlog /by Brigid GalvinBy Justin Rohrlich, Originally posted in Quartz, November 14, 2018 Marijuana is now legal, in one form or another, in 33 US states and the District of Columbia. To the federal government, pot is still a drug classified no differently than heroin or cocaine. Yet cannabis businesses are still required to pay federal taxes. (More taxes than […]
Observations from MJBizCon – An Interview with the Bridge West Team
/in CannaBlog, Nevada /by Brigid GalvinAs I entered the Las Vegas Convention Center to join 26K+ attendees and more than 1K exhibitors at #MJBizCon, I noticed a large sign, “Immersed in Opportunity.” This is certainly true for today’s cannabis industry professionals. This was my first time attending #MJBizCon and it will not be my last. It was very impressive to […]
IFRS Biological Assets in the Cannabis Industry
/in CannaBlog /by Brigid GalvinIn the cannabis industry, the current trend is going public on a Canadian stock exchange through a reverse merger. Going public provides access to vast amounts of funding and high valuations that allow cannabis companies to invest heavily in acquisitions, grow their brand, and gain market share. Part of going public in Canada is applying […]
New England Hemp
/in CannaBlog, Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont /by bridge@westWith Massachusetts legalizing adult-use cannabis, and Vermont and Maine seemingly on their way to do the same, it’s a very exciting time for cannabis proponents in New England. However, what’s even more exciting about the Northeast right now, is the burgeoning hemp industry coming out of rural Vermont and Maine. So, what is Hemp exactly? […]