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 […]

Western Delivery and Dispensaries

The Western region of the US continues to spearhead the legal cannabis movement. With Colorado and Washington being the first states to ever legalize the plant, burgeoning cannabis markets in eastern regions look to this cluster of marijuana pioneers for the latest trends. However, cannabis laws can be a little bit confusing. Although this region […]

Here Comes the Outdoor Harvest!

Here comes the outdoor harvest…oh my! By Jim Marty, CPA, MS, ABV   In Colorado, retail ounces are selling for $63, wholesale pounds are going for $400 and extracted products are advertised for $9.99 a gram. This is before the outdoor harvest hits the market here in a few weeks. For many cultivators, extractors, and […]

How Big is the U.S. Hemp Market?

As exciting as the legal marijuana movement is with 30 States now having medical or adult use of cannabis, the hemp market is also gaining momentum.  What is hemp, what are its potential uses, and how big is the U.S. hemp market? Hemp is basically the same plant from which THC-based psychoactive marijuana is derived.  […]

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 […]

Cannabis World Congress & Business Exposition

9/17 | Los Angeles, CA Cannabis World Congress & Business Exposition Cannabis Business Tax and Accounting Issues