CannaBlog

Organizational Structure and Entity Selection

By Cory Parnell, CPA, Chief Operating Officer of Bridge West, LLC Over the past 12 months, Bridge West has been leading numerous conversations with their cannabis clients regarding organizational structure and entity selection.  These conversations have benefited both start-up organizations, as well as, established cannabis operators. During this time, Bridge West has observed that most […]

Determining Inventory Costs

By Cory Parnell, CPA, Chief Operating Officer of Bridge West, LLC Since Bridge West started working with cannabis companies in 2009, one of the most difficult accounting issues has been determining inventory costs.  Determining the cost of the inventory is a very complex and difficult issue for most operators because there are no legacy cannabis […]

Trump says OK to Cannabis Legislation

Trump says OK to Cannabis Legislation By Jim Marty, CEO of Bridge West   He did it! A ripple went through our table at dinner Friday night.  My phone started to buzz. I was at a UMass college reunion in New England when President Trump’s comments hit the news services as he left for the […]

National Cannabis Industry Association’s Lobby Days on Capitol Hill

National Cannabis Industry Association’s Lobby Days on Capitol Hill May 22-23, 2018 Observations by Jim Marty, CPA, MS/ABV CEO of Bridge West CPAs and Consultants LLC   I attended the NCIA’s Lobby Days in Washington D.C. last week. It was my third Lobby Days in the last five years, and I have seen the influence […]

Marijuana Business Daily’s MJBizConNEXT

Marijuana Business Daily’s MJBizConNEXT May 9-11, 2018 at New Orleans, LA Observations by Jim Marty, CPA, MS/ABV CEO of Bridge West CPAs and Consultants LLC   The Bridge West team traveled to New Orleans, LA earlier this month to sponsor and exhibit at Marijuana Business Daily’s MJBizConNEXT. Here are my observations: This was the first […]

Senator Cory Gardner talks cannabis with President Trump

Colorado Republican Sen. Cory Gardner of Colorado said that he had a conversation with President Trump Wednesday night. A conversation where he, President Trump, reiterated his campaign pledge to let cannabis legalization be a state’s rights issue. Gardner has been fighting to reverse a decision made by Attorney General Jeff Sessions to repeal the Cole […]

Green Market Report Executive Spotlight: Bridge West CPAs

By Debra Borchardt It’s that time of year when thoughts turn to taxes. With tax reform, it’s been an especially busy and complicated effort by CPA’s to figure out just how tax reform will affect businesses and individuals. The cannabis industry luckily doesn’t have to worry about tax reform because the reform didn’t reform anything for […]

Massachusetts Registered Marijuana Dispensaries: Should You Convert from Not-for-Profit to For-Profit?

On November 7, 2012, Massachusetts voters approved a measure to legalize medical marijuana. At that time, Massachusetts law required Registered Marijuana Dispensaries (RMDs) to form and operate as nonprofit corporations pursuant to Massachusetts General Law (M.G.L.) .c.180. In addition, M.G.L. c.180 had strict compliance requirements relating to transactions between RMDs, management companies, real estate companies, […]

What a “snow bomb” Mr. Sessions has created

Just as the recent “snow bomb” blasted the Northeast with frigid temperatures, stinging wind, and damaging floods, Attorney General Sessions really stirred things up last week! On Friday, January 5, 2018, Attorney General Jeff Sessions unilaterally revoked the Cole and Ogden memos that have guided Federal law enforcement policy on medical and recreational use cannabis […]

U.S. Attorney Bob Troyer Issues Statement Regarding Marijuana Prosecutions in Colorado

Yesterday, Attorney General Jeff Sessions rescinded a trio of memos from the Obama administration that had adopted a policy of no-interference with marijuana- friendly state laws. Under the new guidance, U.S. Attorneys are directed to make their own judgements on what to prosecute. They are told to make decisions regarding what crimes to prosecute based […]