Organic and premium flower not only attracts discerning customers, but also wins some of our industry's top awards. So in this week's episode, Chip sits with David Miller and Eric Maelzer from Flow Gardens Indoor Cultivation ...
Entrepreneurs start bootstrap companies and leverage their unique skills to grow a business. As they achieve success, many founders fall into the same trap, where they hold on to too many responsibilities and struggle to dele...
In some circles private equity has gotten a really bad reputation, but the reality of the value of private equity to the economy is much more positive. If you're thinking about talking with a private equity partner in the fut...
It’s one of the fundamental questions all owners must wrestle with: should you own a big chuck of a small company or a small piece of a large company? And this is especially important if you're starting up a cannabis …
This week's episode is all about answering questions from cannabis business owners. Chip covers a range of topics, from resources to help you step back from your cannabis business without getting fully out, to lease accountin...
Most every cannabis business starts small. It’s you and maybe a few investors realizing your dream of starting up a new cannabis venture, maybe in a state that just went legal. A lot of small businesses, cannabis or otherwise...
Do you feel stuck in the middle of your cannabis business, and maybe can’t even take a vacation? Well, the good news is there’s hope! And good reasons to get your business to run itself. A cannabis business that’s not …
We’re headed into uncertain economic times. Between inflation, and the continuing war in Ukraine to another election where all these folks seem to do is yell at each other from the top of their lungs. And while the cannabis i...
No matter what business you're in, pricing is always a key consideration. But when it comes to the cannabis industry, pricing can be especially tricky. There are countless factors to consider, from regulatory compliance to su...
As more and more states legalize the plant, cannabis businesses – even existing ones – are presented with more profit-earning potential. But before you start any business, you need to have some idea of what the industry lands...
Embracing digital adoption and integrating data tools properly are two critical ingredients in the recipe of successful cannabis businesses. In fact, the use of data that has been prevalent in mainstream companies of all shap...
One issue that seems to be coming up a lot lately for cannabis business owners is cash flow, and for good reason. If your business runs out of cash, and cannot borrow from somebody or get more investment capital, then …
Cannabis business owners are always looking for ways to save money in all aspects of their businesses, and none more so than with taxes. But with IRC 280E it can get very difficult to minimizing what you pay to Uncle …
Bitcoin, Etherium or DogeCoin! You can't go anywhere anymore without hearing about cryptocurrencies. Add to that the lack of safe banking for marijuana companies and the risk of so many cash transactions, and you may be curio...
You probably already know that a customer or employee dependency can undermine the value of your cannabis business, but have you ever stopped to think how one of your suppliers could also lead to a valuation drop if you ever …
It's tax time again, and that means it's time to pay Uncle Sam! It also means the IRS once again ramping up audits of cannabis businesses. Yes, it seems as though the IRS is emerging from a COVID-induced slumber to …
Cannabis-infused products are among the growing trends in the diverse ways to consume marijuana. And, one of those products, cannabis-infused syrups, has already enjoyed consumer acceptance and excitement. In this week's epis...
While taking time off from work is often much-needed to get away from a hectic work life, research also shows that it is important for your health. Whether you have three days, one week or two weeks of glorious vacation …
Hey Fam, taking a short break so no episode this week. But, we'll be back on March 15 with another dope episode! Until then, check out: Episode 15 - How to Build a Successful Dispensary with Christy and Haley from …
The growth of your cannabis business is essential. However, to grow any enterprise you must continually seek ways to turbocharge its engine and cannabis businesses are no different. Essentially, you need to develop strategies...
There are a lot of reasons business, either cannabis or mainstream, fail. Some of them are due to poor management, not being in a definable niche or just plain dumb luck. And, while these circumstances are frustrating, a lot ...
One of the most interesting phenomenon you’ll ever see with entrepreneurs is called the "hub-and-spoke" owner. A natural attribute among successful entrepreneurs, it's similar to being in the middle of your business like a hu...
Christy Spanton and Haley Hunt are building a boutique hemp dispensary in the most improbable of places: deep in the heart of Texas. Through hard work, dedication to educating their customers and a love of the plant, Haus of ...
Think for a moment about what does the word valuable mean for you and your cannabis business? Maybe it’s a business you can pass along to your kids or other family members? Maybe it’s one that you can use as …