Podcasts about 280e

In this packed Friday edition of The Cole Memo, Cole goes live to cover the latest developments in Illinois cannabis policy—including behind-the-scenes updates on proposed changes to licensing fees, adult-use purchase limits, and a potential fix for the controversial "odorproof" vehicle law. He also shares insider intel on efforts to expand access for medical patients, rising struggles among social equity operators, and whether Illinois might revoke its 280E tax relief. Plus, Cole highlights a new ruling that mentions an Illinois regulator and gives a shoutout to other creators in the space. Watch video version and read full show notes here: https://thecolememo.com/2025/05/28/e202/

In this episode, Felipe Recalde (CEO of Compound Genetics and Fartech Ventures) joins today's host Jordan Youkilis (Founding Partner at KEY Investment Partners). Felipe shares his journey from South-Texas patient to multi-brand cannabis entrepreneur and investor. The conversation opens with Felipe's early home-grow experiments, his move into California cultivation, and his advocacy work on the California Growers Association board. Then, Felipe and Jordan dissect the market downturn, licensing delays, 280E taxes, and an entrenched illicit supply chain. Next, we debate what it will take for the legal market to out-compete the black market. Felipe describes his various responsibilities, including CEO of Compound Genetics and of investment firm Fartech Ventures, and CTO of OOG.Health. We cover the hunt for good cultivators and supporting “picks-and-shovels” tech . The episode closes with an outlook on federal rescheduling, hemp regulation, the MAHA movement's views on cannabis, and the emerging global market. Please enjoy the episode!

We're back with the most anticipated episode of the year! In this year end financial review episode we are joined by our friend Nick Gastevich (aka CannaVestments) who is a long time private and public cannabis investor.In this Financial Review we cover - The biggest opportunity in Cannabis right now- Current market, hemp, portfolio sizing and which stocks we're currently buying- Cash flow, future growth & 280E benefits- Thoughts on MSOs valuations; financial metrics; balancing positives and negativesThanks to Nick for joining us and sharing his detailedanalysis as always!Connect with Nick:Twitter - ⁠⁠⁠https://twitter.com/CannaVestments⁠⁠⁠LinkedIn - ⁠⁠⁠https://www.linkedin.com/in/nicholas-gastevich-75841346/⁠⁠⁠Family Office Website - ⁠⁠⁠https://www.vginvests.com/ ⁠

Are You Ready to Transform Your Business with Tech-Enabled Accounting Solutions? In this episode of Grow Your Business & Grow Your Wealth, guest host Eli Mizrahi speaks with Lucas Matson, founder of LDC Financial and former Deloitte Tax professional. Lucas shares his journey from corporate accounting to entrepreneurship, offering valuable insights into modern accounting practices, the cannabis industry, and how technology reshapes financial services. Drawing from his extensive experience with major tech companies and M&A transactions, Lucas provides a unique perspective on building a location-independent practice while maintaining high professional standards. Key Takeaways: → The accounting industry is evolving toward tech-enabled solutions, with automated tools reducing the need for large departments while maintaining accuracy and compliance. → Starting at a big accounting firm provides invaluable experience and expertise that can be leveraged to serve diverse clients effectively as an independent practitioner. → Cannabis industry accounting presents unique challenges due to complex regulations and tax codes (like 280E), requiring specialized knowledge and careful structuring of financial statements. → Digital nomad entrepreneurship is possible in accounting, but proper system and technology setup is required to maintain efficient operations while working remotely. → Small businesses should prioritize proper accounting setup from the start. Investing in professional CPA services early can prevent costly mistakes and provide better financial insights. Notable Quotes from Lucas: "Don't let the tax tail wag the dog. You have to do what's best for your business. You shouldn't have less active control." "If you're trying to start a business and you're serious about it, make sure you're properly capitalized, and bring in a CPA to be your partner because a CPA will be invaluable to you." Connect with Lucas Matson: Website: https://www.ldc.financial/ Email: lucas@LDC.financial Learn more about your ad choices. Visit megaphone.fm/adchoices

The IRS has just issued a critical warning about Cannabis companies attempting to circumvent 280E through Form 8275 disclosures using a variety of rationales that do not constitute a reasonable basis. This development might require immediate attention from Cannabis operators and their accountants. Join DOPE CFO Founder & CEO Andrew Hunzicker, CPA for this podcast to understand: Why Form 8275 is not a "free pass" to avoid 280E limitations What constitutes a "reasonable basis" for disclosure The risks of using Form 8275 incorrectly Recent IRS enforcement priorities for Cannabis businesses Other guidance that goes against IRS guidance that could cause penalties As the IRS ramps up enforcement, it's crucial to understand the proper application of tax regulations. Learn how to protect your Cannabis clients while maintaining strict compliance with 280E requirements. Whether you're currently serving Cannabis clients or planning to enter the industry, this episode will provide critical insights on navigating the latest IRS guidance.

Send us a textDeep Dive into Cannabis Legalization & IRC 280E with Expert CPA Justin Botillier,In this episode of Cannabis Legalization News, we delve into the complexities of IRC 280E in the tax code and its impact on cannabis businesses. Joined by Justin Botillier, CEO of Calyx CPA, we explore how this provision affects tax deductions and strategies to navigate these challenges. Justin shares his experience and insights on the cannabis tax landscape, including how businesses can benefit from 471C and other methodologies. This comprehensive discussion provides valuable information for cannabis operators seeking to understand and optimize their tax obligations. Don't miss this essential guide to cannabis taxation!00:00 Introduction and Episode Overview00:00 Introduction and Episode Overview00:39 Meet the Expert: Justin Poitier00:39 Meet the Expert: Justin Poitier02:44 Understanding IRC 280E and Its Impact02:44 Understanding IRC 280E and Its Impact05:44 Navigating Tax Deductions and Strategies05:44 Navigating Tax Deductions and Strategies09:55 Challenges and Solutions for Cannabis Businesses09:55 Challenges and Solutions for Cannabis Businesses21:31 Essential Banking Tips for Cannabis Businesses21:31 Essential Banking Tips for Cannabis Businesses22:15 Navigating Cash Management and Bookkeeping22:15 Navigating Cash Management and Bookkeeping23:28 Understanding 280E and Its Implications23:28 Understanding 280E and Its Implications28:41 The Future of Cannabis Scheduling and Regulation28:41 The Future of Cannabis Scheduling and Regulation37:54 Practical Advice for Cannabis Companies Facing Tax Issues37:54 Practical Advice for Cannabis Companies Facing Tax IssuesSupport the show

This in-depth discussion with Jay Virdi, the Chief Sales Officer for Specialty Practices at Hub International, provides a comprehensive overview of the insurance landscape for the cannabis industry in 2025.The cannabis industry faces unique financial pressures, including inflation, rising interest rates, and specific tax burdens like the 280E tax code. Jay Virdi emphasizes the need for robust risk management strategies to navigate these challenges and ensure business continuity. He outlines the various insurable risks cannabis companies must consider, from property damage and business interruption to directors and officers liability. Virdi also explores alternative risk transfer options, such as captives, risk retention groups, and parametric insurance, offering innovative solutions for companies seeking to optimize their risk management approach.With the increasing reliance on technology, cybersecurity is paramount for cannabis businesses. Virdi stresses the importance of strong cybersecurity protocols and data protection measures to safeguard sensitive information and maintain business operations. He highlights the potential consequences of cyber breaches and encourages investment in cybersecurity infrastructure.Beyond financial and operational risks, Virdi underscores the importance of protecting a company's most valuable asset: its people. He advocates for comprehensive employee benefits policies and a strong focus on employee well-being, recognizing the crucial role a healthy and engaged workforce plays in overall business success.Product safety and liability are also critical concerns for cannabis companies. Virdi discusses the importance of implementing a robust risk mitigation strategy and securing adequate insurance coverage to protect against potential liabilities. He cautions against the risks of operating without liability insurance, highlighting the potential for catastrophic financial losses in the event of an incident.Looking ahead, Virdi and our host discuss the future of the cannabis industry, including its growth trajectory, the evolving regulatory landscape, and the potential impact of policy changes such as the anticipated rescheduling of cannabis by the DEA. Virdi emphasizes the need for ongoing adaptation, innovation, and a proactive approach to risk management to thrive in this dynamic market. Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The Cannabis industry stands at a historic crossroads with potential 280E tax relief on the horizon. In this essential episode, DOPE CFO Founder, Andrew Hunzicker, CPA, reveals why most Cannabis businesses aren't prepared for this massive opportunity and what they must do now to get ready. Learn step-by-step guidance for: - Building proper financial infrastructure - Implementing documentation systems - Managing audit risks - Preparing for refund opportunities - Understanding timing considerations - Protecting against common pitfalls Position yourself as a trusted advisor in the Cannabis industry by mastering these critical preparation strategies. Follow The Cannabis Accounting Podcast for expert guidance on Cannabis industry compliance and strategy. #DOPECFO #CannabisAccounting #280E

In our year end wrap up: Jody, Brett, Tom, Hannah, and Jamie share favorite moments from the show, podcasting resolutions and holiday gift wishes. the hosts reflect on personal anecdotes and provide their aspirations for the upcoming year. They also introduce a new behind-the-scenes team member."If we have the ability to make our clients feel like heroes, that's a complete home run. For me, that was very impactful and has changed the way we present things." – Tom WadeltonThe finer details of this episode:Personal anecdotes and reflections on podcasting experiences.Highlights of memorable podcast episodes and guests.The impact of storytelling in consulting and client relationships.Challenges faced by cannabis companies, including regulatory issues.The importance of community and collaboration in podcasting.Resolutions and goals for the upcoming year in podcasting.The role of technology and AI in the accounting field.Celebrating achievements and growth within the podcasting team.Episode resources:● Summit Virtual CFO by Anders website: https://www.summitcpa.net/● If you have questions or would like to be a guest on the show, email us at mcpasuccessshow@anderscpa.com● Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/Timestamps:Timestamps by PodSqueezeWelcome to the Modern CPA Success Show (00:00:00)Introduction to the podcast's mission and focus on accounting insights.Jodi's Productivity Comment (00:00:22)Jodi humorously notes low productivity due to the team gathering for the podcast.Brett Congratulates Indiana University (00:00:48)Brett celebrates Indiana University's sports victory while discussing online gambling.Introduction of Christine (00:01:38)Jodi introduces Christine, highlighting her contributions to the podcast team.Minna Joins the Team (00:04:11)Minna shares her background and new role in the podcast.Podcast Ranking Discussion (00:04:48)Discussion about the podcast ranking as number four among accounting firms.Minna's Podcasting Resolution (00:05:46)Minna expresses her goal to improve scheduling for future podcast episodes.Brett's Podcast Experience (00:07:01)Brett shares insights from his podcast, "The Cannabis Access Show," and its educational value.Hannah's Favorite Episode (00:10:07)Hannah reflects on her favorite episode featuring guests from analytics discussing AI and innovation.Tom's Storytelling Insights (00:13:44)Tom discusses the importance of storytelling in consulting and how it relates to clients.Jodi's Favorite Moments (00:16:12)Jodi shares her enjoyment of hosting the podcast and connecting with guests.Podcast Episode TimestampsJodi's Reflection on Past Guests (00:18:18)Jodi shares memorable moments from past podcast episodes, including insights from John and Zeta Marion.Podcasting Resolutions and Christmas Lists (00:19:03)The speakers discuss their podcasting resolutions and what they want for Christmas.Brett's Conference Experience (00:19:50)Brett reflects on the impact of their podcast during conferences and the joy of audience interactions.Tom's Podcasting Goals (00:21:26)Tom shares his aspirations for exploring storytelling and AI in future podcast episodes.Hannah's Community Focus (00:23:33)Hannah emphasizes the importance of creating a fun and inviting atmosphere through their podcast.Brett on Cannabis Regulation (00:26:00)Brett discusses the challenges cannabis businesses face due to IRS regulation 280E and its implications.Christine's Personal Listening Goals (00:31:26)Christine aims to minimize distractions while listening to podcasts to enhance her engagement with the content.Gift-Giving Preferences (00:30:00)Brett and other speakers discuss their preferences for giving and receiving gifts during the holidays.Jamie's Resolution for Guest Follow-Up (00:35:05)Jamie expresses a desire to improve follow-up with potential podcast guests met at events.

Has the Supreme Court's opinion overturning the Chevron doctrine altered the landscape for the denial of tax deductions for marijuana businesses under Section 280E of the Internal Revenue Code? Here to explore that question are corporate and tax attorney Douglas Charnas and Perry Salzhauer, co-chair of McGlinchey's Cannabis Industry group.

Join us for a game-changing discussion with Darren Gleeman, Managing Partner of MBO Ventures, as we delve into the transformative power of Employee Stock Ownership Plans (ESOPs) for cannabis companies facing the stringent 280E tax burdens. Discover Darren's patented ESOP methodology that has helped companies like Theory Wellness navigate financial hurdles and foster employee empowerment. Darren shares his insights on: Mitigating 280E tax implications through ESOPs. Real-world impacts and case studies from the cannabis industry. The role of ESOPs in enhancing employee financial well-being and promoting social equity. This episode is a must-watch for cannabis entrepreneurs and business owners looking to understand the financial strategies that can lead to sustainability and growth in this challenging market. Don't forget to subscribe for more insights into cannabis business strategies and stay informed about the latest industry trends. =================== About Cannabinoid Connect Thought-provoking discussions, expert insights, and captivating stories shaping the future of this transformative industry. Subscribe and follow via the following platforms: Website Spotify Apple Podcasts YouTube X Instagram Facebook TikTok

VALUE FOR VALUE Thank you to the Bowl After Bowl Episode 347 Producers: SircussMedia, harvhat, Oystein Berge, ChadF, bitpunkfm, NAMillennial, wartime, CollinB, badcareeradvicechad, HeyCitizen, Dirty Jersey, beardpapa82, Boolysteed, ajoint, Talpa, ericpp, makeheroism, NetNed  Intro/Outro: Jaxius - Terrordrome TUNE IN to the Autumn Rust Satellite Skirmish boost recap FRIDAY ON CHAIN, OFF CHAIN, COCAINE, SHITSTAIN Donald Trump's World Liberty Financial token sales hit $220M in first hour, website faces multiple outages (Benzinga) Trump's coin sale misses early targets as crypto project's website crashes (CNBC) Trump family-backed WLFI token pre-sale resumes after website outage, $7.9 million raised so far (Cryptoslate) Donald Trump's crypto coin has a massive difference from Bitcoin (Newsweek) Fountain v.1.1.5: Pay BOLT-11 Invoices, artist pages, library improvements (Fountain.fm) Bitcoin Core 28.0 / Bitcoin Core vulnerabilities KC Bitcoiners meetup Thursday at The Bar 1 million sat Ring of Fire: email spencer@bowlafterbowl.com if interested TOP THREE 33 12 killed, 33 injured in Egypt after bus with university students crashes (The Associated Press) 33 women arrested in anti-vice operation at Geylang (Singapore) coffee shop while men continued drinking (The Straits Times) Experimental drug RK-33 shows promise in treating breast cancer bone metastasis (News Medical Life Sciences) BEHIND THE CURTAIN Karine Jean Pierre incorrectly states Biden "expunged" pot records (Dr. Wendy Show YouTube / 8:45) JD Vance says "bags of marijuana" and Nerds-like candy laced with THC and fentanyl are being smuggled into the US by drug cartels, blames Biden-Harris Administration (NTD YouTube / 48:48) California judge denies hemp industry stakeholders' request for temporary restraining order on new state rules banning products with ANY "detectable amount of total THC" (Gov.CA.gov) Maryland cancels supervision, drug-testing debt for everyone on parole (Filter Mag) MO regulators deny certification for majority of social-equity cannabis license winners (Health.MO.gov) New Hampshire lawmakers sustain Gov. Chris Sununu's veto of a bill to let medical pot companies open additional cultivation locations including greenhouses (GenCourt.State.NH.US) NJ hemp industry in regulatory limbo after court decision (New Jersey Monitor) Pennsylvania lawmakers send Gov. Josh Shapiro a bill to fix an oversight in a previously passed pot industry tax relief law excluding dispensaries from a partial workaround to the federal 280E penalty on cannabusinesses (Legis.State.PA.US) METAL MOMENT This week, RevCyberTrucker brings us Alice Cooper's Feed My Frankenstein. Follow @SirRevCyberTrucker@revcybertrucker.com on the Fediverse! FIRST TIME I EVER... Bowlers called in to tell us about the First Time They Ever donated blood. Next week, we want to hear about the First Time YOU Ever saw a scary movie. FUCK IT, DUDE. LET'S GO BOWLING! Oregon officers seize bag with 'Definitely not a bag full of drugs' printed on it, say it was full of drugs (The Oregonian) Washington woman calls 911 after being hounded by up to 100 raccoons (AP) Hackers took over robovacs to chase pets, yell slurs (The Verge) 'Musician' arrested for using AI songs, bot army to scam Spotify for millions in royalties (VICE) Eighteen treated for severe nausea in Stuttgart after opera of live sex, piercing (The Guardian) Scotland: High Court rules calling a man bald is sexual harassment (The National) Durban, South African woman told "these things happen" after finding a dead rat in loaf of bread (2 Oceans Vibe News) 'Piss Bandit' who taunts locals with urine bottles labeled 'HIV positive' is California's number-one menace (New York Post) Food item in Virginia woman's freezer was 84 years old, stuns family (FOX) Security camera records shapeshifter transform from canine to human (Phantoms and Monsters)

Discover how to revolutionize your accounting practice by embracing change and focusing on client relationships in our conversation with Zach Gordon from RedFive Services. Learn how Zach transitioned from the traditional CPA firm landscape to the thrilling worlds of private equity and startups, ultimately crafting his own practice with a fresh approach. He shares his journey and vision, emphasizing a move away from billable hours to a more meaningful, value-billing model that prioritizes strong client connections. This episode promises valuable insights into how accountants can better serve business owners through adaptation and innovation.   We take you through the exciting opportunities and challenges presented by emerging industries like cannabis, crypto, and AI, where accountants must navigate complex tax regulations and stay ahead of industry developments. Zach offers practical advice on maintaining mental well-being while managing the demanding nature of public accounting, stressing the importance of effective planning and technology. As we look to the future, we explore trends in specialization and consolidation within the accounting field, and how these changes offer both opportunities and hurdles for service providers and clients.  Connect with Paul here: Website: https://innovativewealth.com/Instagram: https://businesslegacypodcast.com/ Connect with Zach here:      Website: https://www.redfiveservices.com/ Instagram: https://www.instagram.com/zachgordoncpa/ 00:00:00 - Introduction and Welcome to the Business Legacy Podcast 00:00:37 - Zach Gordon's Journey from CPA Firms to Private Equity and Startups 00:04:49 - Transitioning to a Value-Billing Model in Accounting 00:05:30 - Importance of Building Strong Client Relationships 00:10:10 - Exploring Opportunities in Emerging Industries: Cannabis, Crypto, and AI 00:14:00 - Challenges and Tax Regulations in Cannabis and Crypto 00:17:45 - Staying Informed and Building a Trusted Network 00:19:30 - The Impact of Specialization and Consolidation in Accounting 00:22:00 - Navigating the Future of Accounting with Private Equity Influence 00:24:30 - Conclusion and Zach Gordon's Vision for the Future of Accounting 00:26:15 - Closing Remarks and Where to Find More Information About Zach Gordon and RedFive Services Visit the website https://www.redfiveservices.com/ to find out more about what RedFive is doing. Legacy Podcast: For more information about the Legacy Podcast and its co-hosts, visit businesslegacypodcast.com. For more information: Visit businesslegacypodcast.com to access the shownotes and additional resources on the episode. Leave a Review: If you enjoyed the episode, leave a review and rating on your preferred podcast platform.

Boston Harbor Protest: MariMed executives and staff stage the ‘Boston 280E THC Party,' recreating the Boston Tea Party 250 years after it took place in protest of IRS tax code 280E that unfairly targets the cannabis industry.See omnystudio.com/listener for privacy information.

In this episode we are joined by our friend Nick Gastevich (aka CannaVestments) who is a long time private and public cannabis investor. In this Financial Review we cover: - How each operator stands to benefit from Florida Rec - Cash flow, future growth & 280E benefits - Thoughts on MSOs valuations; financial metrics; balancing positives and negatives Thanks to Nick for joining us and sharing his detailed analysis as always! Connect with Nick: Twitter - ⁠⁠https://twitter.com/CannaVestments⁠⁠ LinkedIn - ⁠⁠https://www.linkedin.com/in/nicholas-gastevich-75841346/⁠⁠ Family Office Website - ⁠⁠https://www.vginvests.com/ ⁠

Nearly 75% of cannabis businesses operate at a loss, and many in the industry point to a feature of the Internal Revenue Code as the reason why. Cannabis companies are prohibited from deducting ordinary business expenses—like rent or payroll—from their federal taxes as long as marijuana remains under the most restrictive portion of the Controlled Substances Act. That could change if marijuana is moved from Schedule I to Schedule III of the act, as the Biden administration has proposed. But in the meantime, 22 states plus Washington, D.C., have allowed medical or recreational cannabis businesses to take some deductions on their state returns, by decoupling their tax codes from Section 280E of the Internal Revenue Code, which imposes the federal ban. Pennsylvania was the most recent to make that change with a state budget adopted last month. In this episode of Talking Tax, Bloomberg Tax reporters Angélica Serrano-Román and Owen Racer talk about their recent look into how states are increasingly decoupling their tax from 280E at the state level. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

On this episode of the Cannacurio podcast, host Ed Keating interviews Guillermo Rodriguez, a Virtual CFO specializing in the cannabis industry. They discuss various topics including the roles and benefits of a Virtual CFO, the challenges of managing cash flow, the impact of 280E, and so much more! Head over to http://www.cannabiz.media/cannacurio for a full transcription and find us on social media for more clips of new and upcoming episodes. Visit http://www.cannabiz.media to join thousands of reputable companies from around the world who are engaging and connecting with the cannabis and hemp industry! You can also find the Cannacurio Podcast on Apple Podcasts, Spotify, and iHeartRadio.

Send us a Text Message.Unlock the secrets behind the complex world of cannabis legalization and the political drama influencing it. Ever wondered why the Farm Bill six years ago ended up legalizing certain cannabis products by accident? We'll unravel that mystery and share some truly bizarre stories, like how zoning laws have turned Chuck E. Cheese into a "school" in the eyes of cannabis regulators. You'll also hear firsthand anecdotes about legal hemp carriers and the critical role that public engagement plays in pushing for cannabis rescheduling, thanks to organizations like Normal.Navigating the maze of marketing strategies for cannabis dispensaries is no easy feat. Learn how to craft an SEO-friendly name, circumvent stringent advertising restrictions, and even utilize a unique subscription-based marketing service that funds community programs. We'll dissect the challenges dispensaries face with federal tax code 280E and touch on regulatory loopholes that frustrate hemp industry players. If you're an aspiring young entrepreneur in the cannabis market, you'll gain valuable insights into both the motivations and the pitfalls of this burgeoning industry.As the political landscape continues to shift, key states and figures are making waves that could redefine cannabis legislation in the upcoming elections. We'll discuss the potential impact of rescheduling cannabis to Schedule 3, the necessity of a unified federal regulatory framework, and the international strides being made, like the Bahamas' move towards legalization. Racial biases in current regulations are also on the table, emphasizing the need for genuine democratic representation. Whether you're a business owner, activist, or simply curious about the future of cannabis, this episode is packed with informative and thought-provoking insights.The Nerd InformerOur podacast will talk about aliens, alien abduction, mythical...Listen on: Apple Podcasts SpotifySupport the Show.

The AICPA & CIMA Cannabis Industry Conference starts Aug. 12 in Aurora, Colo. Rachel Gillette will be one of the event's front-and-center speakers and moderators. Gillette joined the Journal of Accountancy podcast recently to discuss some of the trends and issues affecting the industry from a legal and regulatory perspective. Gillette, a Denver-based attorney, also explained how she ended up in this niche practice area. What you'll learn from this episode: ·         Background on the proposed rescheduling of cannabis and why it matters for the industry and for accountants who advise cannabis businesses. ·         Gillette's opinion of what might happen with cannabis-related legislation. ·         Why potential cannabis rescheduling could mean that certain businesses are no longer subject to Sec. 280E. ·         How the potential changes could affect CPAs. ·         What Gillette looks forward to about the AICPA & CIMA Cannabis Industry Conference. ·         How a decision more than 15 years ago led Gillette to her current area of legal practice.

In this episode, I visit Molly's Joint, a consumption lounge in Illinois, to sit down with Heather and Boyd LaFoon from VineyardAccounting.net. During the conversation, Boyd and Heather break down the crucial role that accountants play for businesses, explain the complexities of operating in the cannabis industry (including the implications of 280E on both state and federal levels, as well as challenges like SAFE banking). Watch video version and read full show notes here: http://thecolememo.com/2024/06/16/e102/

In order to do proper inventory and cost accounting, accountants must have the proper processes and systems in place to meet compliance rules.  Since Cannabis is considered a Schedule I substance, under 280E companies that sell or “traffic” the plant are not able to take deductions like typical businesses can. However, the DEA is on the verge of rescheduling the drug to Schedule III which eases the tax burden of 280E, and can create more complexities for Cannabis companies and the accountants that serve them. In our latest episode, we discuss the ins and outs of cost accounting and compliance for the current landscape of the Cannabis industry, and what's to expect when the plant inevitably gets rescheduled by the DEA. We cover concepts that include: Inventory accounting best practices, tools, workpapers, and procedures IRC 471-2 Lower of Cost or Market considerations Compliant inventory count procedures Cultivation and manufacturing cost accounting considerations (how to find the cost to grow a pound of weed or gram of oil) Dispensaries and IRC 471-3 …and more! --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

Dr. Al Grauer hosts. Dr. Albert D. Grauer ( @Nmcanopus ) is an observational asteroid hunting astronomer. Dr. Grauer retired from the University of Arkansas at Little Rock in 2006. travelersinthenight.org Today's 2 topics: - More than 240 Lunar meteorites have been found in the Dhofar region of Oman, on the LaPaz Icefield of Antartica, and other locations on the Earth's surface. These space traveling rocks were blasted from the Moon's surface by the impact of asteroids and comets which accelerated them to speeds greater than the lunar escape velocity of 1.5 miles per second. Subsequently these interplanetary travelers in the night orbited the Sun for an extended period of time before entering our atmosphere and falling to Earth. We know these meteorites are from the Moon because they contain mixtures of atoms which are found on the Moon but not in Earthly rocks. - Recently in the space of 28 hours my Catalina Sky Survey teammates Rose Matheny and Carson Fuls discovered two Potentially Hazardous Asteroids to add to the list of the more than 1700 which asteroid hunters have discovered. Fortunately, none of the Potentially Hazardous Asteroids are currently on a collision course with planet Earth.   We've added a new way to donate to 365 Days of Astronomy to support editing, hosting, and production costs.  Just visit: https://www.patreon.com/365DaysOfAstronomy and donate as much as you can! Share the podcast with your friends and send the Patreon link to them too!  Every bit helps! Thank you! ------------------------------------ Do go visit http://www.redbubble.com/people/CosmoQuestX/shop for cool Astronomy Cast and CosmoQuest t-shirts, coffee mugs and other awesomeness! http://cosmoquest.org/Donate This show is made possible through your donations.  Thank you! (Haven't donated? It's not too late! Just click!) ------------------------------------ The 365 Days of Astronomy Podcast is produced by the Planetary Science Institute. http://www.psi.edu Visit us on the web at 365DaysOfAstronomy.org or email us at info@365DaysOfAstronomy.org.

Phoebe DePree is the founder and CEO of Goddess Growers, a cannabis edibles company. Her products are now on Ohio dispensary shelves and soon in Illinois, because she's focused on helping others achieve a lifestyle centered on peace, calm and relaxation. Phoebe is on a mission to make female purchaser feel understood, and her story is an inspiration for aspiring entrepreneurs, especially women, seeking a foothold in the cannabis industry. Phoebe leads by example by following her passion, embracing challenges, building a strong community, and advocating for change.With her dedication to creating a calmer world, Phoebe and Goddess Growers are paving the way for a more mindful and inclusive cannabis experience.Topics Discussed(1:08) Flower Vaping(3:30) Ultimate Disc UMass Amherst(4:20) MA Women's Hockey Team(4:45) The Final Season of The Canna Mom Show(6:55) Wiser Than Me Podcast(9:20) Phoebe Dupree Introduction(10:15) MA Connection(11:00) Professional Credentials and Entrepreneurship(12:12) First Interests in Cannabis Business(15:20) Planning(22:40) The Science of Her Edible(23:10) Azuca(27:25) Personal Dosing(28:15) Working with Her Community(28:50) Educating in Ohio(31:00) Marketing(33:00) Rescheduling Cannabis(34:16) 280E(36:12) Family Life with 3 Girls(40:00) Mom Groups and Cannabis(43:12) Goddess Growers Products(44:55) Favorite Way to Consume(45:15) Connect with Phoebe at Goddess GrowersThe Canna Mom Show wants to thank:Josh Lamkin and Bella Jaffe for writing and performing TCMS theme music and Fortuna Design for creating TCMS website and Sugar Leaf Creative for marketing and social media. 

My guest today is Tony Cappell, the Co-founder and Principal at the Chicago Atlantic Group. In 2018, Tony saw an opportunity to do private credit in Cannabis and has since built Chicago Atlantic is the largest lender in the space. We start by talking about the early days of Chicago Atlantic. We then move on to the challenges of underwriting in Cannabis, his views on the industry and on competition from other lenders. We end with a discussion on the overall private credit market. Please enjoy this conversation with Tony Cappell.  For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE. ----- Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @makingmkts | @ericgoldenx Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Making Markets (00:02:31) Entering the Cannabis Private Credit Market (00:04:54) Challenges and Opportunities in Cannabis Lending (00:08:12) Market Segmentation and State Regulations (00:11:51) Credit Risk and Market Dynamics (00:15:12) The Life Cycle of A Cannabis Deal (00:20:12) Diversification Across State Regulations (00:23:47) Brand Power and Regulatory Concerns (00:28:13) Impact of 280E and Rescheduling (00:33:13) Private Credit and Investment Strategies (00:36:44) Challenges and Opportunities in Cannabis Lending (00:45:12) Private Credit Market Outlook (00:50:31) Entering Into an Agreed Asent in Cannabis Investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Ascend Wellness Holdings (AAWH) had a successful quarter with substantial blended growth in both retail and wholesale. They have been strategically entering late-stage medical and early-stage adult-use markets, with a focus on maximizing cultivation and production output. The company is on a clear path to profitability by executing their strategy of densifying current markets, building the wholesale business, and identifying new markets for investment. They are particularly excited about the potential growth in Ohio and Pennsylvania. Ascend is also focused on product innovation and brand development, with a strong emphasis on providing great products at a fair price and ensuring the safety of their employees. Takeaways: -Ascend Wellness Holdings had a successful quarter with substantial blended growth in both retail and wholesale. -Their strategy includes entering late-stage medical and early-stage adult-use markets, maximizing cultivation and production output, and identifying new markets for investment. -They are particularly excited about the potential growth in Ohio and Pennsylvania. -Ascend is focused on product innovation and brand development, providing great products at a fair price, and ensuring the safety of their employees. -They have implemented a unique tax strategy to address the 280E issue and are patiently waiting for the response from tax authorities. __________________________________________________________________ Featured Guest(s): John Hartmann, CEO - Ascend Wellness Holdings $AAWH https://www.awholdings.com/ Meet The Host(s): Javier Hasse https://www.twitter.com/JavierHasse Elliot Lane https://www.twitter.com/ElliotLane10 __________________________________________________________________ Chapters: 00:00 Introduction and Background 02:24 Successful Quarter and Exciting Headlines 08:12 Path to Profitability 11:02 Growth Potential in Ohio and Kentucky 14:15 Unique Tax Strategy

Welcome to the Green Rush, a KCSA Strategic Communications Production, a weekly conversation at the intersection of cannabis, psychedelics, the capital markets, and culture.  This week Lewis Goldberg and Kris Krane sit down with long-time friend of the podcast Adam Smith, Founder and President of the Alliance for Sensible Markets, to talk about the DEA's historic decision to reclassify cannabis from a Schedule I to Schedule III drug. As a long-time advocate working behind the scenes for decades to reverse the US's draconian cannabis laws, Adam is cautiously optimistic about this development, noting that one of the most exciting changes will be the increase in research opportunities of cannabis for medical use. Adam and our hosts also discuss the potential impacts this development will have on the industry and markets, the elimination of the 280E tax, and the potential global rescheduling of cannabis under the UN Single Convention on Narcotics. As the industry awaits what comes next, the team identifies M&A opportunities and clarity on interstate commerce as key areas of interest to watch over the coming months.  If you are interested in learning more about Adam and how his organization is fighting for a more sustainable legal cannabis industry, visit the links in our show notes and be sure to follow Adam and the Alliance for Sensible Markets on LinkedIn. So, sit back and enjoy our conversation with Adam Smith, Founder of Alliance for Sensible Markets.  Links and mentions in the show https://www.sensiblemarkets.org/  Links to the guest's company and social media accounts Adam Smith LinkedIn: https://www.linkedin.com/in/thatadamsmith/  Alliance for Sensible Markets Twitter: https://twitter.com/statescantwait  Show Credits: This episode was hosted by Lewis Goldberg and Kris Krane of KCSA Strategic Communications. Special thanks to our Program Director, Shea Gunther. You can learn more about how KCSA can help your cannabis and psychedelic companies by visiting www.kcsa.com or emailing greenrush@kcsa.com. You can also connect with us via our social channels: X: @KCSAPodcastLabs Instagram: @KCSAPodcastLabs LinkedIn: linkedin.com/company/thegreenrushpodcast

The Associated Press just announced that DEA has agreed to reschedule Cannabis, which is going to usher in all sorts of change. Unfortunately, a lot will stay the same, and things are inevitably going to become much more complicated from a compliance standpoint. On the one hand, 280E won't be so punitive, but taxes will still be high, and accounting will be even more challenging. Don't get blindsided by what's to come.  In our latest podcast, DOPE CFO CEO and founder, Andrew Hunzicker, CPA discusses "How accounting and taxes will change when Cannabis is Rescheduled." He shares information on: How rescheduling affects raising capital The more complex tax returns Valuation considerations as rescheduling happens …and more! Tune in and take notes so you don't get left behind by the massive changes ahead in this industry. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dopecfo/message

https://vimeo.com/943025614?share=copy https://www.currentfederaltaxdevelopments.com/podcasts  This week we look at: IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 Act DC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471) Electric vehicle final regulations issued Department of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businesses Lack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)

This week we look at:IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 ActDC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471)Electric vehicle final regulations issuedDepartment of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businessesLack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)An audio only version of this week's update can be streamed or downloaded below. A PDF of this week's slide and citation links can be downloaded below:2024-05-06 Current Federal Tax Developments

In this episode, Jen Lamboy, Director of Strategy, and Amber Littlejohn, Counsel at Ice Miller, explore the potential rescheduling of cannabis at the federal level. The discussion focuses on the implications for the cannabis industry, especially how this shift could affect the notorious 280E tax codes that have long been a financial obstacle for cannabis businesses. Amber offers a legal perspective, dissecting how legislative developments could reshape the industry's financial landscape. Join them as they navigate this complex and evolving regulatory environment, providing valuable insights for industry professionals and enthusiasts alike.

Blunt Business welcomes Sundie Seefried, CEO, Safe Harbor Financial to talk about Safe Harbor Financial's recent operations and future plans. Seefried highlights the company's successful earnings call, showcasing an 85.3% revenue increase in 2023 and strategic moves to expand services and launch new lending products. We delve into topics such as lines of credit for clients, challenges like 280E tax burdens, and the impact of rising interest rates. They explore underwriting requirements, lines of credit based on cash flow analysis, and reliability factors setting Safe Harbor Financial apart in supporting cannabis businesses.We also talk about possibilities post-280E burden relief, reinvestment options after descheduling, and market dynamics related to taxation changes affecting business growth strategies. Both parties emphasize the importance of advocacy for business integrity and compliance in the industry. Seefried's company is noted for prioritizing serving members over profit-driven motives, echoing principles of a credit union. Brasco appreciates this approach for offering better access to lending and services than traditional banks supporting cannabis businesses.Criticism is directed at government inefficiencies in managing tax revenue from the cannabis industry, with concerns about licensing fees overshadowing potential tax revenue gains. Despite legal complexities, both parties stress the importance of selecting reliable partners for sustainable business operations. The exchange concludes with plans for future communication regarding shared insights into industry practices.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Today, we heard the welcome news that the DEA is agreeing with the HHS recommendation to move cannabis from Schedule I to Schedule III.  Boris Jordan, Executive Chairman of Curaleaf, joins at the top of the show to share his thoughts on the next steps in the process, the timing of a final ruling, potential risks along the way,  implications for institutional interest, and the specific impact of 280E on Curaleaf's business. Hirsh Jain, founder of Ananda Strategy, joins for the second half and helps us better understand the similarities between cannabis's path to legalization and what happened with gay marriage. He also gives his perspective on the time frame for the DEA final ruling, advances in medical research, and how Schedule III may impact state election outcomes. We close by asking Hirsh his biggest concerns about this process and potential stumbling blocks.  This was an exciting day. Thank you to our regular listeners, and welcome to the new ears learning about this space. 

Focus on the fundamentals! In this episode we are joined by our friend Nick Gastevich (aka CannaVestments) who is a long time private and public cannabis investor. In this Financial Review we cover: - How each operator stands to benefit from Florida Rec - Cash flow, future growth & 280E benefits - Thoughts on MSOs valuations; financial metrics; balancing positives and negatives Thanks to Nick for joining us and sharing his detailed analysis as always! Connect with Nick: Twitter - ⁠https://twitter.com/CannaVestments⁠ LinkedIn - ⁠https://www.linkedin.com/in/nicholas-gastevich-75841346/⁠ Family Office Website - ⁠https://www.vginvests.com/ 

Recently in the space of 28 hours my Catalina Sky Survey teammates Rose Matheny and Carson Fuls discovered two Potentially Hazardous Asteroids to add to the list of the more than 1700 which asteroid hunters have discovered. Fortunately, none of the Potentially Hazardous Asteroids are currently on a collision course with planet Earth.

This week, Darren Gleeman, managing partner at MBO Ventures, joins the Cannabis Equipment News podcast to discuss how employee stock ownership plans (ESOPs) solve the 280E riddle for cannabis operators while increasing employee retention and productivity. Subscribe to our newsletter.Please make sure to like, subscribe and share the podcast. You could also help us out by giving the podcast a positive review. To sponsor the podcast, contact Tom Lynch at Tom@cannabisequipmentnews.com. Finally, to email the podcast or suggest a potential guest, you can reach David Mantey at David@cannabisequipmentnews.com. 

The show kicks off with Toby sharing his experience at the ROTH Conference this week in Dana Point, California. We discuss how institutions are beginning to look at cannabis, but it will take federal reform for most to spend more time and resources on due diligence. Jesse and Morgan also talk about things it takes to win in the difficult California market. TerrAscend Executive Chairman Jason Wild and CEO Ziad Ghanem join the show to cover their most recent results. The team provides an overview of the quarter, including a conversation about the cultivation issues in Maryland. Ziad shares his insights on how the wholesale business is evolving, with New Jersey showing significant strength. Toby asks about tax strategies and Jason explains how they are treating past 280E payments and the plan moving forward. The conversation concludes by talking about opportunities in Ohio and whether TerrAscend is considering Florida if adult use ends up on the ballot and ultimately passes. Finally, the show ends with an Ask Grok that you won't want to miss!

We are deep in Q4 2023 earnings season and this week's show starts with Jesse, Morgan, and Toby sharing their biggest takeaways from the results so far. Jesse covers how margins are evolving, Morgan complements that with cash-flow conversion metrics, and Toby gives his perspective on the various 280E tax strategies we are seeing utilized. Ascend CEO John Hartmann joins 20 minutes into the episode to give his perspective on the company's Q4 2023 results. Revenue and AEBITDA grew at Ascend in 2023 and it was their first full year of operating and free cash flow generation. John discussed the drivers of the results, and expansion opportunities in Ohio and Pennsylvania, and touched on their approach to 280E taxes. He also explains why they are comfortable running lower margins than the tier-one averages and what impact the outlet stores have on margins. This week's show concludes with Morgan asking Grok how to cheer up a a cannabis investor. 

This week's show had an all-star cast to review recent earnings. CannaVestments shared his thoughts on the federal and state-level catalysts in 2024 and contrasted this against eroding investor sentiment. He also gave his perspective on the recent results from GTI, Verano, and Trulieve. Boris Jordan, Executive Chairman of Curaleaf, joined the show to review the company's Q4 2023 earnings.  He also covered how 280E removal would benefit the business, the results of their recent institutional road show, and thoughts on the rapidly evolving hemp-derived cannabinoids business. If you enjoyed this episode, please leave a five-star review on your favorite podcast platform. It helps new investors find the show and grows the cannabis-investing universe!

This week's show begins by discussing the Benzinga cannabis conference in Los Angeles. Morgan and Jesse left inspired by the strength of brands, the quality of products, and the lack of focus on politics. Boris Jordan, Executive Chairman of Curaleaf, joined to discuss the recent events in Germany. He shares how he sees the program evolving and the economic opportunity for Curaleaf. Earnings season starts next week and the group weighs in on what they are looking for in the quarterly reports and calls. Price compression, revenue growth, cost controls, and how operators are handling 280E are all top of mind. The episode concludes with a new segment called Ask Grok (X's new AI tool) and this week we ask when cannabis will be rescheduled.

Operating since 2011 comes with an enormous amount of experience and scars.Navigating the turbulence and keeping an eye on what's essential while scaling your organization is no small feat.Identifying new hidden revenue opportunities is the first challenge, but capitalizing on those opportunities, given the plethora of cannabis challenges, is an entirely different beast.This week, we sit down with Gabe Mendoza, EVP of Revenue for 4Front Ventures, to discuss the following:Introducing "The Hunt"Leveraging Highly Competitive Markets for Product TestingTurning Experience into Revenue OpportunityAbout 4Front ventures Established in 2011, we're a leading force in North America's cannabis industry. With over 600 skilled professionals across key states, we're constantly refining our craft and advancing the industry. Our track record showcases our ability to thrive at scale in competitive settings. Today, our proven strategies fuel our growth in production, distribution, and sales throughout our target regions.Guest Links https://4frontventures.com/leadership/https://www.linkedin.com/company/4front-ventures/https://twitter.com/4FrontVentureshttps://www.youtube.com/channel/UCUhFE3NWuqFo9z-rme1oTGQhttps://www.instagram.com/_4frontventures_/#CannabisIndustry #CannabisCommunity #FFNTFFollow us: Our Links.At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain The Dime is a top 5% most shared  global podcast The Dime is a top 50 Cannabis Podcast Sign up for our playbook here:

Morgan's on the road, so Jesse and Toby start the show reviewing the recent pullback in cannabis stocks and the corresponding drop in sentiment.  Toby also shares his experience at the Cannacord webinar and Jesse explains how the institutional investments in cannabis compare to more mature sectors. Sam Armenia, known as Sammy J on Twitter and  VP of Corporate Development at C21 Investments,  joins the show to share his experience as an investor and operator. We talk about the retail-focused investor base and how this may evolve in a Schedule III world. Sammy is working on a large project illustrating the impact of 280E removal and gives us his early read on the results and impacts for operators. He concludes by sharing his perspective on generating cash flow, versus investing growth and carrying more debt.  

Trulieve stands at the brink of what may be a golden swan event.With rescheduling likely "imminent" and recent remarks from Gov. DeSantis suggesting that adult use appearing on Florida ballots could set ablaze an unparalleled opportunity."It really will change the structure of the business," and "We have the largest catalyst; I think that has ever happened to a single company in this space ahead of us, along with everything else everyone else has," underscore the magnitude of these catalysts.With Florida poised to be an industry game-changer, Trulieve's expansive footprint and readiness to meet the surging new demand, particularly from first-time customers, underscore the company's strategic positioning in a market ready to explode.This week, we sat down with Kim Rivers to discuss the following:Florida's Process to Adult Use  HHS, Rescheduling, Safe BankingWhat Removing 280E Does for TrulieveHouse of Brands' evolution Guest Links:https://www.instagram.com/trulieve_/https://www.linkedin.com/company/trulieve/https://www.trulieve.com/https://twitter.com/trulievehttps://twitter.com/rivers_kim #TCNNF #Trulieve #CannabisStocksFollow us: Our Links.At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain The Dime is a top 5% most shared  global podcast The Dime is a top 50 Cannabis Podcast Sign up for our playbook here:

Navigating the Highs and Lows of Cannabis Business with Frank Perullo Broadcasting live from MJ BizCon in Las Vegas, Karson Humiston had the pleasure of sitting down with Frank Perullo, the co-founder of Ascend Wellness, a name that's become synonymous with success in the cannabis industry.They dove into a rich conversation about the evolution of the cannabis industry, Ascend's growth, and the challenges and triumphs of being a cannabis entrepreneur. Frank's journey began in 2012 when Massachusetts passed its medical cannabis law. As a political consultant and lobbyist, he saw an opportunity where others hesitated, leading to the creation of a cannabis practice that leveraged his expertise in land use and advocacy.The pivotal moment for Ascend came in 2018, as adult-use cannabis was on the horizon in Massachusetts. Frank teamed up with his business partner, Abner Curtin, to leverage their combined skills in investing and consulting within the cannabis space. They faced the daunting task of securing their first retail license in downtown Boston without any direct cannabis experience. Through strategic hiring and a relentless work ethic, they not only secured the license but also expanded into Illinois and Michigan, setting the stage for Ascend's presence in seven states.Frank shared insights on building a team that embodies intellectual curiosity, a high motor, and a customer-centric approach. He emphasized the importance of perseverance and the ability to navigate the industry's unique challenges and barriers.As Ascend grew, Frank transitioned into a director role, focusing on expanding into new markets and working with government partners to advance the industry. He stressed the significance of founders stepping back at the right time to allow their companies to flourish under new leadership.Reflecting on the state of the industry, Frank predicted that 2024 could be a monumental year, especially if the government removes the burdensome 280E tax code. He highlighted the importance of focusing on quality and customer service as key differentiators for successful companies.Frank also shared his perspective on state programs, praising New Jersey's rollout and critiquing New York's over-regulation. He advised politicians to create a regulatory framework that encourages a thriving, legal market.Looking ahead, Frank is excited about the job creation potential within Ascend and the broader industry. He expressed pride in working in cannabis, citing the plant's power to improve lives and the industry's unique community.In closing, Frank's passion for cannabis and his commitment to the industry's growth were palpable. His story is a testament to the entrepreneurial spirit that drives the cannabis industry forward, and it's clear that Ascend Wellness is poised to continue making waves in the years to come.  https://www.awholdings.com/ TIMESTAMP:00:00:17 - Introduction to the Podcast00:00:27 - Frank Perullo and Ascend Wellness00:01:13 - Evolution of MJ BizCon00:01:23 - Changes in the Cannabis Industry00:01:34 - Frank's Background Before Cannabis00:01:48 - Frank's Entry into the Cannabis Industry00:02:50 - Formation of Ascend and Licensing00:03:53 - Pursuing the First Retail License00:04:52 - Recruitment and Licensing Challenges00:05:04 - Expansion of Ascend Wellness00:05:49 - Building a Hardworking Team00:06:24 - Traits of Successful Cannabis Industry Workers00:07:22 - Transitioning to a Director Role00:07:54 - Hiring a New CEO00:08:05 - Frank's Current Role at Ascend00:09:01 - Advice for Founders00:09:12 - Frank's Day-to-Day Activities00:10:21 - State of the Cannabis Industry in 202400:10:57 - Impact of 280E Tax Code on the Industry00:11:53 - Advice for Politicians on Cannabis Program Rollouts00:12:55 - Successful State Cannabis Programs00:13:58 - The Importance of Strategy in Business00:14:23 - The Future of Ascend Wellness00:15:30 - Creating Jobs in the Cannabis Industry00:16:33 - Lessons from Operating in Michigan00:20:34 - Frank's Excitement for Ascend's Future00:21:08 - Why Frank is Proud to Work in Cannabis QUOTES:"I think that cannabis founders, myself included, have a couple of loose screws, because who would sign up for this? It's a little crazy." - 00:01:34-00:01:44"And I thought the opportunity was right to sort of step into a place where those white shoe lobbyists, the more formal folks who wear the suit and ties every day, would not wait." - 00:02:10-00:02:20"And I remember calling you and saying, we need someone with real great retail and cannabis retail experience." - 00:04:04-00:04:15"It was hard to find talent. It was hard to get construction going. Everything was a challenge." - 00:05:14-00:05:24"You seem to have been an underdog who ultimately outperformed a ton of people, how did you scale that talent that you have to other people?" - 00:05:49-00:06:09"Are you intellectually curious? Do you have a high motor? Can you withstand lots of pivots and changes and not drive yourself crazy?" - 00:06:34-00:06:55"You have to stay level and you have to take the good with the bad and you have to realize that you got to get up the next day whether it was a great day or a terrible day and do it all over again." - 00:11:18-00:11:29"We walked away from the deal with MedMen in New York. You heard it here first." - 00:15:30-00:15:41"Strategy is what you don't do. So how you allocate capital and what you focus on really matters." - 00:16:33-00:16:44"I am most excited about the jobs we're going to create over the next coming years." - 00:21:08-00:21:19 Produce By PodConxKarson Humiston - https://www.linkedin.com/in/karson-humiston-64572b97/Vangst - https://vangst.com/Recorded on SquadcastSound Design by Jamie Humiston

Jesse, Morgan, and Toby are back together to discuss the improving environment for US cannabis stocks. This is the fifth consecutive week of gains and broad US cannabis benchmarks are up over 50% this year. The boys analyze and appreciate the recent run in cannabis stocks and discuss how the space has evolved since the HHS announcement. They review the top performers AYR and Trulieve and those that have lagged like TerrAscend and The Cannabist. The conversation evolves into how the set of catalysts may play out in 2024, and the risk of remaining Schedule I or being moved to Schedule II. The conversation concludes by debating whether the space is investable with the 280E tax burden. 

This week's show starts with Jesse, Morgan, and Toby discussing the strong start to 2024. The group evaluates what's been driving the positive returns and inflows to the MSOS and MSOX ETFs. Verano President Darren Weiss and CIO Aaron Miles join 20 minutes into the episode. Darren and Aaron react to the contents of the HHS recommendation and also update us on the Boies lawsuit. We also dig into how 280E removal would impact Verano's business and potential priorities with the increased cash flow. Florida Governor DeSantis recently commented on adult use appearing on the Florida ballot in 2024 and the Verano team shares their thoughts on the process and how much the Florida market may grow if adult use is approved. The episode concludes with Aaron and Darren talking about the interest they are seeing from institutional investors since the HHS announcement. 

This week Jesse, Morgan, and Toby discussed the release of the HHS rescheduling recommendation. For the first half hour, Brady Cobb, Founder and CEO of Sunburn Cannabis, shares his perspective on the contents and timing of the release.  He also adds his thoughts on the implications of 280E removal and how he thinks about it from an operator's perspective. Higher Exchanges is recorded live on X and Boris Jordan, Executive Chairman of Curaleaf, was listening and joined for the latter half of the episode. Boris shares his thoughts after reading the full 252-page document, updates us on Curaleaf's roadshow, and how and when institutions may participate in the sector. 

In this episode of Cannabis Unlocked, Scott Jordan (Founder of Alternative Finance Network) sits down with Jordan Youkilis (Founding Partner at KEY Investment Partners) to talk through cannabis reschedulings impact on access to capital, credit card processing and even back taxes. The conversation begins with Scott's thoughts on cannabis rescheduling, 280E and the implication for 280E in the event of rescheduling. From there, Scott dives into the role his company, Alternative Finance Network provides the cannabis space and how it helps cannabis operators connect with lenders and money sources. The talk continues with Jordan and Scott's thoughts on how credit card processing and access to capital or debt would change if rescheduling was to occur. This episode concludes with Scotts perspectives on how retroactive 280E taxes will be managed once rescheduling happens. Please enjoy!

In this episode, recorded in-person at the recent reMind conference, Joe interviews Kaci Hohmann and Dave Kopilak: business attorneys at Emerge Law Group and co-chairs of Emerge's psychedelics practice group. Hohmann also serves as Chair of the Oregon State Bar's Cannabis and Psychedelics Law Section. They were both drafters of Oregon Measure 109 (with Kopilak as the primary drafter), so this episode goes deep into the details, legalities, and possibilities behind Measure 109. What licenses are involved? What does a business heading to Oregon need to prepare for? What do they think the feds will do and how does that relate to cannabis' Cole Memorandum? What is tax code 280E and how can its effects be minimized? What do they see the future looking like? They discuss what they do for clients at Emerge Law Group; the differences between the cannabis and psychedelics industries; why service centers are likely more important than the products; and how the psilocybin service center experience is more like a relationship with clients than anything in the cannabis world, which makes everything much more complicated – but also much safer. Joe also highlights some recent news, including MAPS PBC rebranding to Lykos Therapeutics, symptoms from traumatic brain injuries being improved by the combination of ibogaine and magnesium, and more! Click here to head to the show notes page. 

Join Emily Paxhia and Cy Scott in the latest episode of High-Rise, where they unpack Ohio's surprising jump into legalizing adult-use cannabis. It's a big deal, not just for Ohioans, but also for the political chessboard. The conversation then takes a turn into the world of cannabis heavyweights, diving into the Q3 financial drama of Multi-State Operators like Ascend, GTI, Terrasend, Verano, Trulieve, and Curaleaf. Emily lends her sharp expertise to dissect trends, successes, and the not-so-small matter of navigating the infamous 280E tax code. They also touch on the potential seismic shifts in federal policy and what this could mean for cannabis businesses. Wrapping up, our hosts explore the evolving strategies of cannabis companies, showing us how the industry is growing up, getting smarter, and maybe, just maybe, figuring it all out. Whether you're deep in the cannabis game or just casually tuning in, this episode is a delightful blend of insight, analysis, and just the right touch of humor - perfect for anyone who enjoys a smart take on the ever-evolving cannabis industry.

In this episode of Cannabis Unlocked, Guillermo Rodriguez CPA, FPAC (Virtual CFO with Summit Virtual CFO by Anders) sits down with Jordan Youkilis (Founding Partner at KEY Investment Partners) to discuss the hurdles of cannabis taxation as well as the present and future implications of 280E. The conversation begins with Guillermo's background in corporate accounting and his journey into the cannabis space. From there, Guillermo talks through his process of learning the cannabis space, his networking efforts, and how he identified the need for better financial practices in the cannabis industry. The talk continues with Guillermo's thoughts on the current 280E taxation issue currently faced by all cannabis operators and what could shift for operators with impending legislative changes. This episode concludes with thoughts on what operators should do regarding outstanding 280E taxes prior to any major legislative shifts. Please enjoy!