Hall, Rustom & Fritz LLC

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Even after numerous states legalized marijuana, mailing it remains a federal offense in the United States. Although the war is not yet won, this is good news for the industry. The incentive system at the US Postal Service and other commercial carriers like as FedEx, for example, hasn’t made matters any simpler. With a $ 50,000 incentive, staff become extra attentive in their search for illicit substances.

Marijuana restrictions in certain states are beginning to relax. As a consequence, especially in legal jurisdictions, it may appear that you may do whatever you want with cannabis products.

However, the laws may
Continue Reading Can you get arrested for mailing marijuana?

If you’re a cannabis aficionado, you probably like socializing with others who share your interests. While many cannabis users utilize mainstream social media sites such as Facebook, Twitter, and Instagram, you might want to check out some of the cannabis-specific networks available.Since the cannabis business has developed tremendously in recent years, the sector’s and associated businesses’ upward development will continue as the regulatory structure continues to favor them.Adults over the age of 21 can consume cannabis recreationally in 19 states. The majority of states in the United States have decriminalized drug possession and usage. With this advancement, the possibility to
Continue Reading The 7 Best Cannabis Business Social Network

The cannabis businesses are allowed to deduct the cost of goods sold (COGS) from gross receipts under IRC 280E. Most cannabis entrepreneurs or operators face financial hurdles when it comes to defining the complex structure of  “280E” and its impact on the taxes of the cannabis business.

Most of the Cannabis businesses are all-cash businesses because mainstream, national banking institutions are not eager to back a federally illegal industry. There are several small state-chartered banks and credit unions that offer financial services but still, it is a significant challenge to manage the financials when it comes to paying actual taxes.
Continue Reading IRS 280e Tax Code Impact on a Cannabis Financial Model

Knowing how to read and interpret a cash flow statement may help you extract valuable information about a company’s financial health, whether you’re a working professional, business owner, entrepreneur, or investor.

Is your cash balance higher or lower than it was a year ago? What caused it to rise in the first place, and why did it rise in the second? What’s your reaction? If we were to ask a healthy Company the same question, I may get the cash flow statement as an answer.

The cash flow statement is used to determine how the firm earned and used cash
Continue Reading How to read a cash flow statement

Marijuana for medical and recreational purposes has skyrocketed in recent years. Despite the plant’s status as a Schedule I substance under federal law, the legal marijuana business in the United States was valued at $13.6 billion in 2019, according to New Frontier Data, with 340,000 employees dedicated to plant handling.

Further, the global legal marijuana industry size is expected to reach USD 70.6 billion by 2028, according to Grand View Research.

Despite the fact that many people have rushed into the marijuana market, not all of them have the necessary capital to succeed. Some folks may have the time and
Continue Reading Cannabis Real Estate

The long-awaited legalization of cannabis in New Jersey is finally coming. As they prepare to launch the application process for new company licenses, regulators recently agreed on rules and regulations for the industry. However, recreational marijuana is allowed in just approximately 30% of the state’s communities. Below you will find a list with all the municipalities that have opted in the cannabis program:Atlantic County municipalities opting in

  • Absecon
  • Egg Harbor Township
  • Galloway
  • Pleasantville

Bergen County municipalities opting in

  • Cliffside Park
  • Elmwood Park
  • Fair Lawn
  • Fort Lee
  • Garfield
  • Hackensack
  • Lodi
  • Maywood
  • Moonachie
  • North Arlington
  • Rutherford
  • Saddle Brook
  • Teaneck
  • Wood-Ridge

Burlington County municipalities
Continue Reading These Municipalities Have Opted in for the New Jersey Cannabis Program

The long-awaited legalization of cannabis in New Jersey is finally coming. As they prepare to launch the application process for new company licenses, regulators recently agreed on rules and regulations for the industry. However, recreational marijuana is allowed in just approximately 30% of the state’s communities.
Below you will find a list with all the municipalities that have opted in the New Jersey cannabis program:
Atlantic County municipalities opting in

  • Absecon
  • Egg Harbor Township
  • Galloway
  • Pleasantville

Bergen County municipalities opting in

  • Cliffside Park
  • Elmwood Park
  • Fair Lawn
  • Fort Lee
  • Garfield
  • Hackensack
  • Lodi
  • Maywood
  • Moonachie
  • North Arlington
  • Rutherford
  • Saddle Brook
  • Teaneck


Continue Reading What Municipalities Have Opted in for the New Jersey Cannabis Program

How to Make Financial Projections for your Cannabis Dispensary

Financial Data and Cannabis Business!
The innovative Financial Dispensary Models in cannabis are essential for business success. This particular industry is dynamic in nature, and the apt projections can make it smoother to navigate. It is vital for businesses to utilize a financial forecast in the right manner. 
The cannabis sector is one of the few businesses that are gaining tremendous growth in the pandemic era. To acquire the market share of this expanding market, financial data is essential. The financial Dispensary Model helps businesses operate expenses and incomes. 
The complex
Continue Reading How to Make Financial Projections for your Cannabis Dispensary

Where can I get a cultivation license in California

Although cannabis is officially legal, many entrepreneurs and cannabis investors are still having difficulty locating a decent spot to secure a production license in California.The obstruction begins and ends with the local municipal or county administration, as even when there are numerous appropriate properties, California is divided into 58 counties and 482 incorporated cities, each with its own municipal government that chooses whether commercial cannabis companies are allowed inside its borders.To get a cultivation license in California, cannabis investors and entrepreneurs must achieve the following, as we detailed in our previous post:

  • Identify


Continue Reading Where can I get a cultivation license in California

What are financial source agreements in New Jersey Cannabis?
Financial source agreements under the New Jersey cannabis law are contracts that contain protective clauses and terms by regulatory rule to protect priority applicants from being manipulated or taken advantage of by wealthier investors that may be trying to exploit their priority status. Priority applicants are given a lot of protections and preferences under the New Jersey cannabis legalization law. Many applicants that win licenses will be priority applicants, and the financial source agreements that they use will protect them so they can keep the generational wealth and not have it
Continue Reading Financial Source Agreements in New Jersey Cannabis

Dispensary Financial Models
They let you cool off.

Financial Planning For a Dispensary
Financial models for a dispensary detail the cash flows of the business based on either assumptions or market data from your existing operations. Financial models are often required for your dispensary application. if you do not have enough liquidity to open your dispensary, financial models are required to get investors interested in the business opportunity that dispensaries offer.  In this article, we help you understand the dispensary business, potential competition in the current market scenario, and your end customers. We will assist you in developing an exhaustive
Continue Reading Dispensary Financial Models

Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses.

Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses.
Starting 2020, Illinois became the 11th state to legalize recreational cannabis, letting adults 21 years or older buy cannabis from medical dispensaries while applicants prepared their applications to obtain an adult-use cannabis license.
In this sense, the state established a system in which qualified applicants would participate in a lottery, which was supposed to be a measure to equalize the chances and distribute the license in a fair manner. Under this system, high scoring
Continue Reading Illinois Cannabis Lottery – How to calculate the odds of winning multiple licenses.

After the passing of new cannabis laws in New Mexico, there was much confusion circulating. Hence, people are confused about the type of license that they would require. Water rights are harder to obtain. New business owners have to figure out the type and cost of their operation. Among all the confusion, applicants wonder whether New Mexico’s state laws would open a vertically integrated cannabis business.
Vertically integrated cannabis business – what is it?
Some of our readers might not be familiar with the term vertically integrated cannabis business. In states like Oklahoma, you have to be very thorough about
Continue Reading Can you have a vertically integrated cannabis business in New Mexico?

For the last 11 years, cannabis has been legalized for medical use in New Mexico. Activists were trying to get cannabis legalized for all kinds of uses and business as well. In April 2021, the state passed new cannabis laws in the state of New Mexico.
The new laws allow the use of cannabis for recreational purposes. Citizens can also grow marijuana for personal use in their homes. If citizens want to start a business of cannabis production, they need to get a license in New Mexico.
The license system is still improving as the authorities proceed about it.

Obtaining
Continue Reading New Cannabis Laws: Business Licenses in New Mexico

Cannabis Licenses and Due Process Protection

Cannabis Licenses and Due Process Protection
A cannabis license is a legal document that allows the licensee to engage in business in the legal cannabis industry of the state for which the license was granted.
Nowadays, such licenses are a highly valued commodity, with application fees costing tens of thousands of dollars, and in some cases, being able to sell them for millions of dollars.
In this sense, it is important to make a question about the type of rights that people have over these licenses. Specifically, the aim of this post is
Continue Reading Cannabis Licenses and Due Process Protection

Financial Planning For a Cannabis Dispensary
Are you thinking of putting together a business plan for your dispensary? Then it is definitely a worthwhile endeavor. If you follow our expert advice, you will truly own a successful cannabis venture. 
In this article, we help you understand the dispensary business, potential competition in the current market scenario, and your end customers. We will assist you in developing an exhaustive “financial model and dispensary plan and will really mentor you in understanding what it takes to launch and grow solid and profit-making cannabis and marijuana dispensary.
 The dispensary financial plan is the
Continue Reading How a Dispensary Financial Model Can Help Grow Your Cannabis Business