Like no other leadership role, the CFO position has branched out significantly in recent years. This can be seen at many VC-funded startups that face varying challenges, goals, and stakeholders—and need an expert to help guide them through every turn. When it comes to cannabis startups, the playing field for CFOs is particularly expansive. With […]
Change is the only thing guaranteed in the cannabis industry. Fast-moving companies are constantly having to keep on top of evolving regulations, while fine-tuning the scalability of the business and making adjustments to keep costs down. This truth was evident at the 2020 International Cannabis Business Conference in San Francisco last month. At the Hilton […]
With rapid growth comes a complex challenge for many cannabis companies—keeping track of it all. The more complicated your supply chain and the more prospecting you do, the more chances you have for losing the sense of where everything is from (not something you can let slide in this heavily scrutinized industry) and losing sight […]
Does your cannabis company have the information it needs to scale and grow? If it’s lacking a solid financial foundation, the answer is probably a big no. Businesses need more than returning customers, market awareness of their product and a good reputation. If they don’t know how they’re doing, what they’re spending, how much cash […]
Maneuvering through some of the hottest cannabis business events around here lately, I’ve picked up on some interesting trends. Common themes at recent trade shows reflect canna companies’ priorities, their ability to attract investor interest, and their strategies for growth amid so many changes all around them. My week started out at the California Cannabis […]
One of the reasons I love working in the cannabis industry is its diversity. So many of the entrepreneurs and leaders of these fast-moving companies are people of color and women. Their prominent roles have occurred at a higher rate than in other industries. In fact, approximately 37% of executives in the cannabis industry are […]
Is your cannabis company heading in the right direction? Does it have the financial foundation in place to reach your current goals (such as expanding your dispensaries, partnering up with stores to sell your edibles, or attracting more investors)? It’s tough to address meaty questions like this on your own, when time is limited and […]
There’s no doubt about a feeling of chaos in the cannabis industry. Things are changing rapidly, from the regulatory rules that shape what we can do, to the rules that have yet to be written. And the marketplace is full of new entrants. Supply and demand flux is causing pricing instability. How are companies to […]
In an exciting, evolving and sometimes volatile industry, it’s helpful to share ideas and hear from other business leaders in the thick of the California cannabis market. That’s when you get validation for or get wind of trends that your cannabis company needs to be aware of. And that’s why I thoroughly enjoyed CannTech 2019, […]
Wow, things have changed dramatically for cannabis companies in California. This was really evident when I attended the Silicon Valley Business Journal’s “Business of Cannabis” event earlier this month in San Jose. Two years ago, at the same event, the questions centered around setting up a business, trying to figure out what the federal government […]