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 […]

A Day with Jim Marty

This past summer, I was lucky to get a glimpse into the world of a cannabis accounting pioneer, Jim Marty, the CEO and Founder of Bridge West LLC. Bridge West is a CPA and consulting firm that has been entirely devoted to serving cannabis and hemp professionals since 2009. Jim began his practice with his […]

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 […]

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 […]

What’s On Your Voting Ballot This November?

This November, cannabis users and activists will have a chance to make a difference when it comes to legalization in their state. As of right now, five states have measures on their voting ballots that are being put to popular vote. Two states are looking to legalize adult use, another two are looking to begin […]