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Cannabis Inventory and IFRS Biological Assets – Inventory Records
As cannabis companies continue to move to the public markets in Canada, high quality inventory records become much more important. Not only is there greater disclosure and scrutiny of financial information, but International Accounting Standard 41: Agriculture (IAS 41) requires additional computations on biological assets (plants and all inventory derived from those plants) to bring […]
The Importance of Proper Crop Insurance
Over 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 […]
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 […]