Cannabis

California Love - Cali Cannabiz Resources

California Love - Cali Cannabiz Resources

Ah, California.  A place synonymous with sunshine, redwood forests, farmland, cliff-lined beaches, Hollywood and cannabis.  Since 1996 the cities of San Francisco, Los Angeles, and Oakland have served as consumer hubs for the best-in-the-world marijuana grown in the Emerald Triangle and across the state.  There are large high-tech indoor grows producing strains with up to 30% THC content, small family farms cultivating organic, sun-grown flower and vertically-integrated coastal greenhouse grows bringing CBD balanced options to market. 

You Have Questions? I Have Answers! - A&F FAQ

You Have Questions? I Have Answers! - A&F FAQ

Sales & marketing is not my favorite aspect of being an entrepreneur.  When a prospective client schedules a call it’s a victory, that while small, is the first step toward a mutually rewarding professional relationship, or not. Each call is as different as the cannabis executive on the other end of the line.  I’ve spoken to owners of edible companies, dispensaries, brands, delivery services, extraction facilities, distribution operations, farms and fully vertically integrated cannabis organizations.  Most calls go well even if we don’t move forward with providing services.  A few memorable ones have not and that my friends is a story for another day. 

State Snippet - Nevada

State Snippet - Nevada

For a state whose most famous city is known as “Sin City”, Nevada has a not-so-progressive history with cannabis.  Having banned cannabis possession and consumption in 1923, Nevada was the only state for which possession of any amount of marijuana was a felony offense until the passage of Assembly Bill (AB) 453 in June 2001. 

Alice & Fran, Or How My Nanas Got Involved in Cannabis

Alice & Fran, Or How My Nanas Got Involved in Cannabis

Alice and Fran are my grandmothers; matriarchs of large, working-class, Catholic families in Dorchester and Milton, MA. To me they represent strength, hard work, fearlessness, fierce loyalty and self-possessed femininity. Two completely different people raising families less than three miles apart, likely unaware of the impact they would have on the generations of women that followed. I’m one of those women, 7 grandchildren on one side and 19 on the other. There’s great grandchildren now on both sides and I expect great-great grandchildren within the next few years. ⁣ ⁣

Respect the Separation - Preserve Limited Liability

Respect the Separation - Preserve Limited Liability

🌱Business owners are held personally liable when they don’t bother to maintain the paperwork. They do deals with a handshake🤝 ; move money around without documenting for what and where 💰 ; and, fail to file necessary forms with state and federal authorities 📝⁠ ⁠The result? Creditors coming after their personal assets, and a court determining that the failure to maintain the limited liability entity properly means it doesn’t exist at all—and thus affords the owners no liability protection 😭⁠

Field Trip! Weedmaps Museum of Weed

Field Trip! Weedmaps Museum of Weed

Last month while working my way through the dozen plus cannabis newsletters, emails, event notices, etc. I receive each day, I noticed an blurb about an upcoming pop-up museum in Hollywood. A Museum of Weed produced by Weedmaps. Interesting… Would it be educational? Networking opportunity? Party atmosphere? Tickets were reasonably priced and I had an idea, to combine a quick visit to the museum before or after seeing Once Upon a Time in Hollywood at the Arclight Theater. Tickets were purchased all around with expectations high for the movie and low-to-non-existent for the museum.

Why Cannabis Accounting is Unique

Why Cannabis Accounting is Unique

Cannabis, unlike 99% of other industries, is new and until January 2018 there really wasn’t such a thing as cannabis accountant. There were experienced, talented accountants working with cannabis companies in legal states (medical and recreational) developing processes, creating cannabis-specific chart of accounts and staying up-to-the-minute on legal cases involving the application of 280E. There were, and still are, bookkeepers, accountants and CPA’s working with cannabis companies that don’t have the correct skills, the latest information or the right tools to keep their employers/clients compliant, audit ready and on a path to success.

PDX - A Great Green Workcation

PDX - A Great Green Workcation

This spring the hubs and I took a short working vacation, or a “workcation”, to Portland, Oregon to attend the Cultivation Classic and explore all things green: vegan food, cannabis businesses and outdoor green space. It was my first visit to the city and I was excited to see if it was as funky and surreal as Portlandia made it seem. Yep, it really is. The Cultivation Classic was a fantastic event and all expectations were exceeded in regards to food, dispensaries and lush, green scenery.

Mind the Gap - Bookkeeper to CPA, What's in the Middle?

Mind the Gap -  Bookkeeper to CPA, What's in the Middle?

🌱 Traditional non-cannabis businesses, particularly small businesses, can successfully operate with a good monthly bookkeeping service and a knowledgeable CPA. Cannabis businesses cannot. Why? IRC 280E. Local/State/Federal compliance. Lack of access to banking. That’s why it’s so concerning that many (most?) Cannabis CEO's continue to try to “get by” with a monthly bookkeeping service and a CPA firm at year-end for annual tax filings. The issue with this approach? It’s what’s missing. Everything in between!

State Snippet - Massachusetts

State Snippet - Massachusetts

My home state, Massachusetts! Also known as the Commonwealth of Massachusetts, the “Cradle of Liberty”, Taxachusetts and home of the m@sshole.   MA was a powerful influence in the commercial and cultural development of the United States and a place of many firsts: legally recognizing same-sex marriage, inventing volleyball, creating institutions of higher learning (Harvard) and the first to restrict/criminalize cannabis (“Indian Hemp”) at the state level in 1911. 

State Snippet - Washington

State Snippet - Washington

Washington, similar to Alaska, took a long and winding road to cannabis decriminalization & legalization.  From criminalization in 1923 to the 1979 recognition of the medical necessity defense by the WA Court of Appeals in State v. Diana, the state made stop and go progress but lawmakers, advocates and residents persevered until MMJ was decriminalized in 1998 and crossed the legalization finish line on December 6, 2012.

Strong Accounting & Finance?  Start Here

Strong Accounting & Finance?  Start Here

What does that mean?  What’s involved?  Who’s involved? How do I make it happen?  Below I outline what I believe are the four basics components of any accounting & finance “department”; reduced to its simplest form for small to midsize organizations (farms, grows, dispensaries, delivery services, extractors, edibles manufacturers, etc.).