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Emerging States Report
Bridge West, Higher Yields Consulting, and Green Rush Indexed Data developed the following report to address the cannabis industry climates in Colorado, Massachusetts, Michigan, and Oklahoma. While Colorado has taken another step towards more significant social equity by passing and signing into law HB1424, Massachusetts implemented a regulatory change that significantly waters down the state’s Economic Empowerment Program. […]
Colorado Tax Meeting with Governor Jared Polis Bridge West CannaBlog by Jim Marty, CEO and founder of Bridge West CPAs and Advisors to the Cannabis Industry
I recently attended a meeting of Colorado Leads, a political group comprised of leaders of the Cannabis Industry. Our special guest was Governor Jared Polis. I asked him a couple of questions: How much tax money has the State collected from cannabis sales and how was that money spent? His answers were interesting. Since adult […]
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 […]
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 […]