Marijuana Business: Licenses, Permits, and Planning

California began issuing licenses for "commercial cannabis activity" on January 1, 2018. In 2017, California's legislature passed the Medical and Adult Use Regulation and Safety Act, which combined the state's medicinal and adult use cannabis laws into a single system. The MAUCRSA provides a comprehensive regulatory framework for licensing commercial cannabis in California. Come into the office and we...

How to sell your marijuana business: proper valuation is the key

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine. That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals. He currently is brokering a $60 million-$70 million sale in which...

Marijuana Edibles Make the List of Top 10 Food Trends This Year

Cannabis edibles cracked the list of top 10 food trends predicted for this year by a panel of experts writing for the Specialty Food Association. Marijuana edibles sits at eight on the list, amid other predicted trends such as: Plant-based food, including algae as a meat substitute Filipino cuisine Goth food, such as activated charcoal (heating coconut shells until they are carbonized)...

Preparing to Sell your Marijuana Business

What can you do to ensure you attract a serious buyer – as opposed to a flood of suitors who are unlikely to pan out? Target your sellers. That’s one thing a lot of these people aren’t doing. They’re trying to send out press releases and they’re not doing their due diligence themselves as a seller. They’re not targeting private equity companies and family offices that are interested in this....

Marketing Your Cannabis Business with a Unionized Workforce

Cannabis business owners increasingly must confront a workplace reality that mainstream companies have faced for generations: organized labor. Front and center is the United Food and Commercial Workers union, which is aggressively seeking to convince cannabis workers to join its ranks. The UFCW said it aims to organize cannabis workers in every state where marijuana is legal, and that it already...

Selling Your Marijuana Business

Selling a cannabis business isn’t as simple as sending out a news release announcing your intentions. The marijuana industry operates differently than other sectors because it has lots of legal and regulatory baggage. So executives who are thinking about cashing in on a business license must go the extra mile to develop a sales plan. Seattle-based broker Justin Costello, CEO of GRN Funds, is shopping...

Trends Taking Shape in the Booming Cannabis Industry

Although it may appear that no aspect of the cannabiz will be left behind in the wake of state and then federal legalization, the landscape of the cannabis industry in Nevada and America at large is nuanced and can verge on the treacherous. As the industry is still federally illegal, there is very little historical and market data at the disposal of entrepreneurs and business owners looking for insight...

California bill seeks to legalize banking for cannabis businesses

California’s fast-rising cannabis industry, which has been forced by federal law to conduct almost all its business in cash, got a boost Thursday when legislation was introduced to allow banks to open accounts for people involved in the field. State Sen. Robert Hertzberg, D-Van Nuys, introduced a bill that would allow California-chartered banks, credit unions and other financial institutions to open...

Cannabis 2018 Cultivation Conference Coming Soon | March 12-14, 2018 Oakland Marriott City Center

Cannabis 2018 serves the cannabis cultivation market. Produced by Cannabis Business Times, the event reflects the same high standards of quality the magazine has brought to the marketplace. Cannabis 2018 has been developed by cultivators, for cultivators. It is THE meeting place for industry innovators, the brightest minds in professional cannabis cultivation, and technology and solutions specialists that...

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