Hey, cannabis industry professionals! Speak up and help move the industry forward with your voice and fill out this survey. The Minority Cannabis Business Association is working with the American Trade Association for Cannabis and Hemp and Dutchie, as part of the Coalition for Cannabis Scheduling Reform, to capture data and support for the recent federal announcement for rescheduling, addressing a specific request from the White House Office of Management and Budget for information about the impact on small businesses. 📝Take the survey now and help shape the future of our industry: https://lnkd.in/gwuR-j_n
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Finding Unique Finance Team Solutions For Cannabis Operators | Chief Revenue Officer @ Dope CFO | Cannabis Industry: Financial Strategy and Partnership Development | Keynote Speaker | Accounting Ninja
Started the day off with a proper English Breakfast. I believe the Prohibition Partners are the ones who brought us all together. So big thanks to them. And their news letter is legit. I suggest all cannabis industry professionals subscribe. I like the way they consolidate global cannabis industry data. DOPE CFO Certified Advisors is here to learn and add value where we can. The EU market has it's nuances. But at the end of the day we are operating under a government issued license. Be it medical or adult use or hemp or something in between. And we are cultivating a plant and processing/manufacturing it into finished products we either wholesale or retail to end customers. Hurdles for private #cannabis #companies to getting started is usually the Capital needed to secure the Licenses and Real Estate. As the #cfo we are involved in the cap ex and op ex needed to start and scale the company. So this is a game that feels familiar to us. But we do not take our knowledge for granted. So always humble enough to keep learning from those boots on the ground in these new markets. Excited to hear from the following professionals today who are leading the EU cannabis industry forward Lawrence Purkiss, NIKOS BEIS, Anthony A., Simone van Breda, Hanna Hlushchenko, Jamie Bartley, Moritz Förster, Christian Blake, Jonathan Hodgson, Anne Katrin Schlag, Boris Jordan, James Smith, Benedikt Sons, Benjamin-Alexandre Jeanroy, Christopher Murray, Sasho Stefanoski,PhD, Sascha Mielcarek, Laura Booi, Greg McKenzie, Specifically focused on the cannabis panel addressing the surge in capital that is coming on the heels of the USA rescheduling Helene Servillon 🇵🇭, Scott Greiper, Ariadna Peretz, Pablo Zuanic and Gary L. S. Allen
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🌿 Is anyone making money out of the Cannabis industry ? I am fascinated with what happens when other substances are made legal. 1️⃣ Generally - I am looking for the impact on the wider business landscape. 2️⃣ Specifically - How it will effect the alcohol industry. 3️⃣ Personally - If there is a way to make money and play a part. As we sit here in the UK watching Cannabis reform happen around us. What can we learn from the US ? ↖ There was a GOLD Rush of money and investment into the Cannabis industry in 2010. ↖ However over the past 5 years Cannabis stocks have been in over 70% decline. ↖ Legal cannabis sales are in decline, but consumption is up..... ↖ Therefore the black market is bigger than the legal market. It is safe to say things are complicated. The big inflection point will be if and when the President finally declassifies Cannabis and makes it federally legal. The US have not exactly modelled a smooth road map to legalisation, which is probably why we in the UK have largely ignored it. However if Biden survives, makes the call to legalise what will that mean for the global cannabis market ? Check this little carousel out - let me know what you think….. :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: My name is Daniel Rowntree, an exited founder and coach - working with business owners and high performers to fuel their journey's. I am also fascinated by the dry economy and what comes next and regularly post about founder life, non-alc, cannabis and psychedelics.
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Paula Durham, CFE, CCCE, Corporate Finance Director at J.S. Held, emphasizes the challenges faced by the cannabis industry. "The cannabis industry faces challenges due to variance in supply, demand, pricing, and financial leverage," said Paula. "The federal tax code adds further complications along with the lack of support from the US bankruptcy court. Even with cannabis industry expansion and reports of skyrocketing revenue, large and small industry players are feeling distress." The comprehensive Cannabis Industry Report offers in-depth analysis, predictions, and key factors influencing the cannabis industry. To read the full report, visit: https://lnkd.in/ewjqmC6r #IntellectualProperty #Cannabis #CannabisIndustry
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A month into 2024, the chaos in Congress continues, making it crucial for us to keep you in the loop about the latest developments shaping the future of the cannabis landscape. In our latest blog post, we delve into the intricate dance of legislation, addressing urgent bills, and the impact on cannabis priorities. In this insightful post, we cover key topics: SAFE Banking Act Recap: Explore the journey of the SAFE Banking Act, from reintroduction in 2023 to the recent developments surrounding the SAFER Banking Act in 2024. Congressional Highlights: From letters urging descheduling to addressing Chinese-linked illicit grow operations, uncover the significant moves made by Senators and Congressmen advocating for cannabis reform. CRS Report: Gain exclusive insights into the latest Congressional Research Service report, providing a comprehensive analysis of the legal consequences of rescheduling marijuana. Biden Administration Update: Stay informed on the ongoing administrative process initiated by the Biden Administration and the potential rescheduling of cannabis to Schedule III. Have Your Voice Heard! As the cannabis industry stands at a pivotal moment, it's essential for your voice to be heard. Learn how you can contribute to the ongoing discussions and be a part of the transformative changes ahead. Connect and Engage: Don't miss out on staying connected and engaged. Join us at one of our upcoming Stakeholder Summits, where you can interact with state officials, federal policymakers, and gain valuable insights for your business. Ready to dive into the details? Read the full blog post now! - https://bit.ly/3SptkAe Your engagement and advocacy are more critical than ever as we navigate through this transformative year. Let's shape the future of federal cannabis policy together!
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🌿 **Navigating the Complex Landscape of the US Cannabis Industry: Challenges & Opportunities** 🌿 The cannabis industry in the United States is experiencing a pivotal moment. While growth is evident, several obstacles continue to impede progress. Here are the critical points shaping the current landscape: 1. **Regulatory Hurdles**: Cannabis businesses are grappling with a maze of inconsistent and conflicting regulations at both state and federal levels. This discrepancy hinders seamless operations and expansion efforts, creating a fragmented market landscape. 2. **Taxation and Compliance**: High taxes and rigorous compliance requirements severely strain financial resources. These barriers not only hurt profitability but also stifle innovation and market entry for new players. 3. **Market Saturation**: Rapid industry growth has led to oversaturation in certain regions, resulting in plummeting prices and squeezed margins. The challenge lies in differentiating and sustaining businesses amid heightened competition. 4. **Social Equity and Justice**: Historical injustices necessitate urgent attention. Equitable policies are essential to ensure that the economic benefits of the cannabis sector are fairly distributed, particularly among communities that have been disproportionately affected by past enforcement policies. 5. **Research and Development**: Federal restrictions are a significant bottleneck in advancing research and developing new, innovative products. Clearer guidelines and more permissive regulations can catalyze R&D, driving the next wave of industry advancements. 6. **International Trade**: Establishing international trade agreements remains challenging yet crucial. Access to global markets can diversify revenue streams and present new growth opportunities, but this requires overcoming substantial regulatory barriers. 🔍 **Implications for the Industry** The current regulatory and operational climate underscores the critical need for more cohesive and supportive frameworks. Streamlining regulations, lowering tax burdens, fostering social equity, and embracing international trade could herald a new era of growth and innovation for the cannabis industry. 📢 **Join the Conversation** How can we better navigate these hurdles to foster a more resilient and inclusive cannabis market? Share your insights and let's drive the discussion forward. #CannabisIndustry #Regulation #Compliance #SocialEquity #Innovation #MarketGrowth #InternationalTrade
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Last day to register! In just 24 hours, we'll close access to our exclusive live webinar on the potential impact of cannabis rescheduling. Massive changes are coming that could rock the cannabis industry to its core. With Cannabis potentially being rescheduled in 2024, huge shifts are on the horizon that will transform the landscape: ✅ Company valuations poised to rise 5-10 times ✅ Increased access to banking, commercial lending, and bankruptcy protection ✅ Potential overhaul of interstate commerce, research, and new Cannabis medicines ✅ Complex effects on taxes, regulations, and local businesses Whether you are an investor, business owner, accountant, or looking to enter the industry, you'll need the facts on what rescheduling and descheduling Cannabis will actually mean. Get the exclusive insights from Cannabis accounting expert Andrew Hunzicker, Founder and CPA, during his timely webinar on Wednesday, February 21st at 2pm PT. In this info-packed 1-hour session, discover: 🌱 What rescheduling would actually mean—hint: 5-10 times higher company valuations 🌱 The immediate and long term impacts across the industry landscape 🌱 Exactly how to position your business or investments now for massive growth Seats are filling fast! Register ASAP to join Andrew and get the ultimate playbook for this new era. Register here: https://bit.ly/3uzBOwJ
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As we enter 2024, the legal cannabis industry is poised for an exhilarating and turbulent journey. Industry experts have shared their predictions for the year ahead, outlining both the opportunities and challenges that lie ahead. From regulatory changes to market fluctuations, the cannabis industry is sure to face several twists and turns. Stay informed to navigate this evolving landscape effectively. Read more on this topic here: (link)
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From unexpected pledges to cannabis industry expansions, the news is buzzing with updates. Stay tuned for the latest on federal agreements, legislative decisions, and industry innovations. 📰🌿 #CannabisNews #IndustryUpdates #LegislativeDecisions
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Investor & Entrepreneur || Focused on Tech, AI, eCommerce, Data Analytics, Health & Wellness, Consumer, & Cannabis ||
Is cannabis a growth industry? Yes and no. Overall the top line is still growing however in more mature markets growth is slowing or declining while new states legalizing are fueling the growth in the industry. Mature markets need to figure out the next step in the process to unlock growth. Personally, as an investor, I'm disappointed in the growth of the industry. Between slower growth and heavy regulations the industry continues to look less attractive than it has the potential to be for investors. All eyes on Florida's vote in November and federal policy change. If Florida approves recreational cannabis it will fuel growth and lift the overall market up. However, until we get meaningful policy change on a federal level growth in the industry will continue to be suppressed below where it could and should be. #bzcannabis
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Is there a State that really cares about the roll out of cannabis such that patients, consumers, and business owners are considered, or are the States just doing so to create revenue to fill in for budget woes? Adding fuel to this national problem (not just in NYS), are great insights from Elliot Lewis in his post here - https://lnkd.in/ei2N659t . Furthermore, Ruben Lindo had most insightful commentary on his post today found here - https://lnkd.in/eB-3J79V . When will our "leaders" care equally about THE PEOPLE as they do for filling "pot holes" to overcome the State revenue deficits? It is time that OCMs or whatever acronym they come with are filled with people that a) understand cannabis, b) are committed to patients/consumers, and c) work collaboratively with business owners to establish rational regulations and fair taxation. #cannabisbusiness #cannabisindustry https://lnkd.in/eD5ess_9
New York Must Figure Out How to Fix Cannabis Mess, Hochul Orders
https://www.nytimes.com
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