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September 11, 2023 blogger ABC, analysis, analytics, appoint, appointed, bankrupt, bankruptcy, Business, Business Analysis, cannabis, compliance, court, credit, creditor, debt, Federal, government, industry, Law, Legal, legalization, Legalize, legislation, liability, license, marijuana, market, Massachusetts, Medical, Medicial Marijuana, Medicine, Michigan, missouri, protection, receiver, receivership, Recreational, regulation, Regulations, regulatory, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, weed, withdrawal
Part 1 of this series discussed the lack of bankruptcy protections for cannabis companies, since bankruptcy in the U.S. is an exclusively federal procedure and cannabis remains illegal under federal law and proposed a number of alternative options for businesses struggling in the current environment. Part 2 of this series focused on state law receiverships […]
ABC, analysis, analytics, appoint, appointed, bankrupt, bankruptcy, Business, Business Analysis, cannabis, compliance, Court, credit, creditor, debt, Federal, government, industry, Law, legal, legalization, Legalize, legislation, liability, license, marijuana, market, Massachusetts, Medical, Medicine, Michigan, missouri, protection, receiver, receivership, Recreational, regulation, Regulations, regulatory, state, Tax
August 30, 2023 blogger account, analysis, analytics, Business, cannabis, card, CBD, compliance, consumer, credit, Debit, Dispensaries & Retail, e-commerce, Federal, government, Growing, industry, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicial Marijuana, Medicine, merchant, online, payment, process, processing, product, regulation, regulatory, Retail, state, Stop Smoking Marijuana, Stop Smoking Pot, THC, weed, withdrawal
In the wake of the 2018 Farm Bill, the horizons of hemp-derived cannabis products expanded, offering nearly limitless opportunities for businesses and brands in the CBD industry to expand what they could offer to their customers. However, threading the path to prosperity within this new regime has not been easy, given the fluctuating legal status […]
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August 22, 2023 blogger analysis, analytics, automate, automation, Avivatech, Business, cannabis, card, cash, counting, credit, Debit, digital, dispensaries, Dispensaries & Retail, dispensary, Federal, government, industry, Law, Legal, legalization, Legalize, license, marijuana, market, Mastercard, Medicial Marijuana, Operations, payment, process, processing, processor, Recreational, regulation, Regulations, regulatory, reporting, Retail, safety, Shawn Kruger, state, Stop Smoking Marijuana, Stop Smoking Pot, transaction, weed, withdrawal
Late last month, Mastercard decided to halt their debit card transactions with cannabis dispensaries, notifying financial institutions and payment processors to stop processing purchases. This isn’t the first digital payment solution to swiftly exit the industry – late last year, vendors turned off services to their cashless ATMs. These abrupt decisions have made major headlines, shocking cannabis dispensary owners, […]
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June 21, 2023 blogger alternative, analysis, analytics, asset, bankrupt, bankruptcy, Business, Business Analysis, cannabis, compliance, court, CRB, credit, creditor, Cultivation, dispensary, distressed, extraction, Federal, government, Growing, industry, insolvency, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medicial Marijuana, proceeding, proceedings, product, profit, quality, receiver, receivership, Recreational, regulation, Regulations, regulatory, Retail, safety, state, Stop Smoking Marijuana, Stop Smoking Pot, struggling, taxc, THC, weed, withdrawal
Bankruptcy is Not an Option Bankruptcy courts do not provide protection to cannabis and cannabis-related businesses.Bankruptcy can be a very helpful tool for a distressed business. Bankruptcy allows a business to stop collection actions, discharge certain debts, cancel unfavorable contracts and provides breathing room to restructure the business. What if your cannabis operation is struggling or […]
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June 5, 2023 blogger 420CPA, ABFinWright, Act, analysis, analytics, bill, Business, Business Analysis, CA, California, cannabis, CCIA, compliance, Concentrates & Extracts, credit, Cultivation, Cultivation & Growing, DCC, debt, Department of Cannabis Control, Dispensaries & Retail, dispensary, Edibles & Processing, extraction, financial, government, Growing, industry, invoice, Law, Legal, legislation, license, licensee, marijuana, market, Medicial Marijuana, Operations, product, protection, quality, Recreational, regulation, Regulations, regulatory, Retail, stability, state, Stop Smoking Marijuana, Stop Smoking Pot, Supply Chain, vendor, weed, withdrawal
Cannabis companies representing 45% of California’s cannabis sales are pushing a bill that will crack down on non-paying customers. Well known operators, including Kiva, Lowell Farms, Nabis and Sunderstorm, recently formed Financial Stability for California Cannabis (FSCC) and moved to support Assembly Bill 766.” The bill, nicknamed “The Cannabis Credit Protection Act,” would require a […]
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February 10, 2023 blogger 280e, AB FinWright, analysis, analytics, Business, cannabis, compliance, credit, equity, Federal, government, Growing, industry, IRC, Law, Legal, legalization, Legalize, legislation, license, marijuana, market, Medical, Medicial Marijuana, Medicine, Recreational, regulation, Regulations, regulatory, Retail, Rhode Island, social, state, Stop Smoking Marijuana, Stop Smoking Pot, Tax, taxes, THC, weed, withdrawal
Although Rhode Island is the USA’s smallest state, it has traditionally taken an out-sized dislike for cannabis and its users. It first banned cannabis in 1918 and, up until recently, had some of the strictest mandatory minimum sentences for large-scale possession, sentencing those with more than 5 kg (11 lbs) to 20 years’ imprisonment and […]
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