Dan Cox

Scaling any business is hard but scaling a #cannabis business requires you to understand the different phases the industry is going through in each state. Your projections today may not be the reality of the market tomorrow. Check out out YouTube for the full clip of these 💎 from Jennifer Germano of ICS Consulting Service ! #IndivaAdvisors #financialplanning #taxes #accountant #financialadvisor #business #smallbusiness #smallbusinessowner #cannabisindustry #cannabisbusiness

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🌿 How Franchise Laws Could Impact the Hemp Beverage Industry 🌿 Franchise laws have long influenced beer distribution, establishing stable relationships between brewers and distributors. Now, there are rumblings that beer wholesalers want similar laws applied to hemp beverages. While these laws could provide advantages, they also pose significant challenges for hemp beverage brands. Potential Benefits: - Long-Term Stability Franchise laws create stable, long-term distribution relationships. For hemp beverage brands, this means consistent access to retailers and fewer concerns about contract renegotiations. This stability allows brands to focus on growth and innovation. - Access to Established Networks Beer wholesalers often have well-established networks with retailers. Hemp brands could leverage these networks to reach a wider audience quickly, benefiting from distributors' established relationships and market reach. - Distributor Investment Franchise laws give distributors security, encouraging them to invest more in promoting the brands they carry. This could include marketing support, securing premium shelf space, and increasing overall brand visibility—particularly beneficial for smaller hemp brands. Challenges: - Loss of Control Franchise laws would make it difficult for hemp brands to change or terminate distribution agreements without "good cause." If a distributor underperforms, brands could be stuck in unproductive relationships, hampering growth. - Difficulty Exiting Poor Relationships Franchise agreements often make terminating contracts costly and legally challenging. Hemp brands may find it difficult to pivot to more effective distributors without facing significant penalties. - Distributor Prioritization Similar to the beer industry, distributors might prioritize larger, established brands, leaving hemp beverage companies with less attention and resources despite long-term contracts. As franchise laws are discussed for hemp beverages, brands must understand their potential impact. Whether you’re evaluating distribution strategies or negotiating agreements, having expert legal counsel can help mitigate risks. If your brand needs guidance in this evolving area, I can help. With my legal experience and my decade of entrepreneurship in the regulated beverage industry, I can offer tailored legal services to support your growth. Let’s connect to discuss how I can assist your brand as the industry develops. #HempBeverages #FranchiseLaw #DistributionStrategy #HempIndustry #BeverageLaw #BusinessLaw #LegalServices #CBDProducts #BeverageDistribution #CraftBeverages #RegulatoryCompliance #Entrepreneurship #GrowthStrategy #HempBusiness #FoodAndBeverageIndustry

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If you weren't able to attend the AICPA Cannabis Conference this year, you wouldn't want to miss our upcoming webinar on Thursday, September 19th at 12PM PT. I'm bringing the most crucial insights directly to you, distilling days of high-level discussions into a power-packed session. In this exclusive webinar, you'll get: ✅ A front-row seat to the latest on Cannabis rescheduling from top government officials ✅ Insider perspectives on 280E strategies from IRS Senior Counsel Luke Ortner ✅ Breaking news on potential "protective refund claims" and their implications ✅ The lowdown on the controversial 471(c) strategy and why it's raising eyebrows ✅ Exclusive valuation insights that could dramatically impact your clients' worth ✅ The scoop on "intoxicating hemp" and its $4 billion market disruption ✅ A glimpse into how AI is reshaping Cannabis accounting, straight from industry leaders Don't let distance or scheduling conflicts keep you from accessing this vital information. Whether you're a seasoned Cannabis accountant or exploring this niche, this briefing will arm you with the knowledge to navigate the industry's rapid evolution. Join me to ensure you're equipped with the latest insights shaping the future of Cannabis accounting. Register here 👉 https://bit.ly/4gmRo1K #AICPACannabis2024 #CannabisAccounting #280EStrategies #AccountingInnovation

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I also support Gillian Schauer, PhD, MPH and the Cannabis Regulators Association (CANNRA) on this one. Shouldn’t a researcher, such as Jane Appleyard Allen, and an institute, such as RTI International, support the collective perspective from all “external stakeholders” in-order for our regulators to build a better intellectual model of the future (arguably the present)? I won’t even bother to defend CANNRA by pointing out that Shanita Penny has been a long time and fervent supporter of the cannabis industry, and that her committee is completely capable of separating the interests of the Coalition for Cannabis Policy, Education, and Regulation (CPEAR) from their corporate partners. I think these voices should be in the room when it comes to CANNRA’s External Stakeholder Conference for a number of reasons: 1) There are state-legal systems that permit distribution and sale of cannabis/hemp products through convenience stores and the same channels that alcohol and tobacco are sold. 2) The industry needs larger mainstream partners to amplify the voice of cannabis and accelerate legalization. We cannot continue on at the historic pace of reform. 3) Current regulations have been overly cumbersome, and we can count on these larger partners to fight for broader access and reduced taxation while upholding the need for product quality and consumer safety. 4) It was made very clear by the organizers, and it felt refreshingly upheld at the conference, that there was no influence from corporate sponsorship. 5) We’re all adults and can stand to have different voices in the room. Sorry, this post is probably longer than it needed to be, but this letter and resulting Marijuana Moment article was a bit triggering. Thanks, Amber E. Senter, for bringing it to my attention. What are your thoughts?

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