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 […]

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.  […]

Forbes: Marijuana Industry Faces Challenging Tax Regime

By: Peter J Reilly Originally posted in Forbes Jul 19, 2018, 05:39pm 2,068 views #TaxTime https://www.forbes.com/sites/peterjreilly/#1f9d3b46271f The Tenth Circuit had bad news for most of the state legal pot industry in its recent decision-Alpenglow Botanicals LLC.  Some of the service providers to the industry might not be that disappointed, though.  That is probably a reflection of Reilly’s Third Law […]

Springtime Hopes Die Under The Summer Sun

Springtime Hopes Die Under The Summer Sun 280E, Cannabis Banking Reform Will Not Be Voted On By This Congress By Jim Marty, CPA and Chief Executive Officer of Bridge West LLC Another 100 degree day in Denver and I hop in my car to attend a roundtable of prominent CPAs, attorneys, and politicians hosted by […]

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 […]