From Schedule I to Schedule III: The Path to Success? September 7, 2023 Jacques Santucci Descheduling or Rescheduling Marijuana, Op-Ed 1 Comment In a significant development, the U.S. Department of Health and Human Services (HHS) officially recommended on August, 30, 2023, that the U.S. Drug Enforcement Agency (DEA) reclassify marijuana from a Schedule I to Schedule III drug under the Controlled Substances Act.… Read More→
When Cannabis Businesses face financial distress February 14, 2022 Jacques Santucci Banking, Finance & Real Estate 0 Comments After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved… Read More→
Benefits of In-House Testing May 24, 2021 Jacques Santucci Ancillary Businesses, Lab Testing, News & Insights 0 Comments by Jacques Santucci and Nick Des Lauriers Testing your cannabis and cannabis products in-house is an unnecessary added cost since producers are required to test their products tested by a 3rd party lab anyways, right? Think again. As we see it,… Read More→
Cannabis in the New Year: Old Challenges Meet New Opportunities January 25, 2021 Jacques Santucci Best Practices, Cannabis & Hemp Research, Opinions, Policy & Legal 0 Comments Despite a global pandemic that uprooted businesses around the world, the U.S. cannabis market showed no signs of slowing down in 2020, as we had predicted a year ago. Through lockdowns and mask mandates, the industry innovated how consumers purchase… Read More→
The Resilience of the Massachusetts Adult-Use Marijuana Market July 22, 2020 Jacques Santucci CBE Week, Marketing, Massachusetts, Op-Ed, Opinions, Resources, Retail 0 Comments Now in July 2020, two months into the reopening of the Massachusetts adult use marijuana industry, it is time to take a step back and look at the numbers. The second adult use retail store in Boston opened this past… Read More→
Bankruptcy, Receivership and Cannabis Insolvency April 20, 2020 Jacques Santucci Banking, Finance & Real Estate, Best Practices, Cannabis Investments, Policy & Legal 0 Comments As I started to write this article, the economy was still booming, despite the expectation of an impending adjustment in the market. Now, amidst the global COVID-19 pandemic, I still intend to share my thoughts surrounding bankruptcy and receivership in… Read More→
2020 Cannabis Industry Outlook January 27, 2020 Jacques Santucci Best Practices, Compliance and Regulations, News & Insights, Newsletters, Opinions 0 Comments The New Year marks a noteworthy turning point in our country, economically, politically, and culturally. The decade ahead will likely include transformation and accelerate innovation within the cannabis industry, in continuation of previous years’ trends and with continued advancement towards… Read More→
Cannabis Prices April 24, 2019 Jacques Santucci Banking, Finance & Real Estate 0 Comments By Jacques Santucci The industry is maturing and so should your understanding of profitability. We recently read a post from cannabis accounting firm Bridgewest outlining industry trends that are causing prices of fall, narrowing cultivation margins1. They point out that as new… Read More→
5 Ways Technology Can Help Increase Employee Retention Within Your Cannabis Business April 15, 2019 Jacques Santucci Science and Technology 0 Comments Are you having issues refilling the positions in your cannabis company? Does there seem to be lack of engagement among your employees? It might be time to implement certain technologies to improve retention within your workforce. #1 Recruitment Management Software Recruitment… Read More→
Cannabis Real Estate Evolution: What you need to consider February 9, 2019 Jacques Santucci Banking, Finance & Real Estate, Best Practices, Medical Marijuana 0 Comments By Jacques Santucci The cannabis industry is evolving rapidly and so is your view of the real-estate market From coast to coast, America’s real estate markets are facing considerable shifts due to the advent of the legal cannabis industry, prompting… Read More→
New Year, New Enterprise Resource Planning January 8, 2019 Jacques Santucci Best Practices, News & Insights, Science and Technology 0 Comments The cannabis industry is evolving rapidly and so should your perception of Enterprise Resource Planning (ERP). New Year’s resolutions are easy to make, but difficult to keep up with. From personal growth to goal-setting, it’s no secret that resolving to “do… Read More→
Making Data Work: What You Need to Know November 12, 2018 Jacques Santucci Banking, Finance & Real Estate, Best Practices, Compliance and Regulations, Science and Technology 0 Comments The cannabis industry is evolving rapidly and so is the usage of data in a business, particularly in this nascent industry. We all know that data’s importance to business strategy is unimaginably larger than a couple of decades ago, but… Read More→
Banking Evolution October 15, 2018 Jacques Santucci Banking, Finance & Real Estate 0 Comments The cannabis industry is evolving rapidly and so should your perception of banking. I recently attended the Second Annual State of the Cannabis Industry Conference, in Massachusetts. The event was organized by the cannabis law practice of Burns & Levinson… Read More→
Cannabis Industry and your financial team September 10, 2018 Jacques Santucci Banking, Finance & Real Estate 0 Comments By Jacques Santucci The cannabis industry is evolving rapidly and so is your organization. Having a great business plan and running that business are two very different things. And your success depends on your team, particularly your financial team. One… Read More→