Best Practices Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

How independently run cannabis producers can get their products front and center into new retail stores

By Nicolas Guarino The landscape for licensed adult-use cannabis markets across the United States is constantly shifting, with rocky highs and lows as markets navigate and overcome a range of issues in real time. For instance, New York initially had…

Cannabis Ventures, Startup Best Practices, and Ways to Compete

March 25, 2024
Dave McManus
Accounting, Best Practices, News & Insights
0 Comments

By Dave McManus Once relatively easy to break into, the cannabis industry now demands a leaner and more conservative approach to financial management along with precise forecasting and a great deal of patience. There are inherent risks, regulatory uncertainties, and…

Cannabis Corporate Playbooks

By Hilary Bricken, Attorney at Husch Blackwell If you’re in house counsel at any company, you’re likely looking to cut down on the day to day, high volume minutia posed by a variety of commercial agreements and transactions that come…

Cost-cutting and Efficiency Strategies for Cannabis Operators

July 18, 2023
Dave McManus
Accounting, Banking, Finance & Real Estate, Best Practices
0 Comments

After a period of solid growth, cannabis markets in many regions, including Massachusetts, have begun to plateau due to heavy competition and market saturation. While more mature states have been hardest hit, others like Vermont or those still in their…

Brand Market Expansion Part 3: Agreement Negotiations and Closing

By Erik Ott In Part 2 of the Brand Market Expansion Series, we considered initial engagement with prospective partners and provided a roadmap for making an informed decision. In Part 3 we look at negotiations of key commercial terms to…

The Solution for THC Obsession is Right Under Our Noses

As often happens in life, the solution or cure for something out of whack is sitting right in front of us waiting to be found if only we can see it. In the case of trying to figure out how…

Is Cannabis Ready For a Weights & Measures Day of Reckoning?

September 22, 2022
Tom Hymes
Best Practices, News & Insights, Standards and Certification
1 Comment

It turns out that The National Conference on Weights and Measures (NCWM), the official body responsible for setting weights and measures standards in the United States, has had cannabis in its sights for some time, and even formed a Cannabis…

Beating the Benchmarks: How to Maximize Profits From Your Outdoor Grow

Growing cannabis outdoors is a gamble. The upside is a high return for a relatively small investment. Outdoor cultivation requires the lowest capital and operational expenditures compared to indoor or greenhouse growing, with the potential for equal or greater yields…

Consider business-as-unusual in cannabis management

By Chris Zawacki & Rob Patton A vertically integrated cannabis company doesn’t just benefit from fresh perspective—it depends on it. Agility fuels survival in this burgeoning industry, where maturity and dynamics vary wildly depending on location. And a growing number of…

You Filed for Your Cannabis Business License, This Is What Happens Next

by Brian Mayfield and Adam Benko A friend in need is a friend indeed, especially in the weed industry. It’s easy for cannabis founders to get overwhelmed after obtaining their coveted business license. Building any business is a juggling act, but…

Streamline Your Cannabis Processing Facility By Assessing the 8 Wastes of Lean

By Cullen Raichert I’ve seen firsthand the mistakes managers make when they rush to string machines together or add a new machine at their facility, thinking they are saving time and being efficient by getting things up and running as…

New states, new markets: financial modeling for MSOs

Becoming a multi-state operator (MSO) in the cannabis industry requires planning and adapting to regional nuances unlike almost any other business. Financial modeling is a crucial step to understanding what lies ahead, and operators have myriad state-specific factors to consider…

Best Practices for Choosing Business Partners in the Cannabis Sector

December 13, 2021
Vlad Valme
Best Practices
2 Comments

By Vlad Valme Over the past six years, we’ve seen the cannabis industry evolve tremendously – from the products available to the technology used to make those products, as well as the business acumen of the individuals and companies serving…

Lessons in Cannabis Sales & Distribution from 20 Years in the Game, Part 2

Jared Kesselman is a Los Angeles native who has earned his living professionally in the cannabis industry since 2000. In 2021, he wrote the critically acclaimed book “The Business of Cannabis: A Blueprint to a High Income.” He has been…

Lessons in Cannabis Sales & Distribution from 20 Years in the Game, Part 1

Jared Kesselman is a Los Angeles native who has earned his living professionally in the cannabis industry since 2000. In 2021, he wrote the critically acclaimed book “The Business of Cannabis: A Blueprint to a High Income.” He has been…