The Path from Medical to Adult Use in Maine
Maine isn't just known for its picturesque coastline. After attending a recent cannabis expo—NECANN Maine, my team and I learned about the unique complexities of the local cannabis and CBD industry. Specifically, as we spoke with attendees and exhibitors, we gained insights into the nuances of Maine's cannabis regulations, which may help other states as cannabis legalization becomes increasingly prevalent.
Maine's approach to regulating the cannabis sector is fascinating particularly when it comes to understanding the surprisingly significant differences between medical and adult use licenses. But what does it mean for businesses and investors eyeing the potential goldmine that is the adult-use sector?
Why C-corp is the best business model for most cannabis businesses
With more and more states legalizing cannabis, it’s safe to say that the industry is booming. However, with wildly different regulatory requirements from state to state and current federal limitations on the industry, finding best practices isn’t always easy. What’s more, choosing a business model that meets your cannabis business goals can feel overwhelming.
In addition to following rapidly changing rules and regulations, cannapreneurs must also navigate complex financial circumstances that include limited access to banking options and unique tax considerations.
7 Tips for Planning Profitable Cannabis Events
4/20 is arguably the biggest cannabis-specific holiday, sending many cannabis businesses in a frenzy to make the most out of the resulting celebrations. But it’s far from the only profitable holiday.
Throughout the year, there are plenty of great opportunities to reach your audience and increase sales. But here's the catch—it's not just about selling. It's about doing so profitably. While it's exciting to think about the buzz, the promotions, and the potential foot traffic during a sales event, it’s important to keep an eye to your bottom line.
QB Power Hour: Niche Nuances - Cannabis and CBD Industry
Recently Michelle Long, CPA, MBA and Daniel DeLong at QB Power Hour invited me for a guest appearance on their live show!We covered niche nuances with a specific focus on the cannabis and CBD industry.