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The Patton Family, Green Meadows Farm, and a Commitment to Giving Back

Historic Massachusetts farm cultivates medical cannabis with a social conscience By Michael Harlow, CPA, Partner Beginning decades ago, George and Joanne Patton, son and daughter-in-law of the famed World War Two general, initiated traditions of community partnership and support that remain active today. Throughout their thirty-year operation of Green Meadows Farm, they sought to share […]
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Questions and Answers with an Original Licensee Holder

A discussion of growing pains, regulations, and current product investments By Michael Harlow, CPA, Partner CohnReznick Partner Michael Harlow:  Brian, you were one of the first operational dispensaries in Colorado. What is the single largest difference between the early days and now? Brian Rogers: We started in 2009 with one of the first medical marijuana […]
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How Cannabis Industry Participants Would Benefit if 280E is Rolled Back

By Michael Harlow, CPA, Partner 280E is the Internal Revenue Code section that has been the focus of every tax discussion related to the cannabis industry for the past 15 years.  It is the Code section that prohibits cannabis companies from deducting any ordinary and necessary business expenses from gross profit when calculating federal taxable […]
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Acquisition-Side Due Diligence in The Legal Cannabis Industry: Approach and Expectations for Both Sides

By Greg Chin, Kevin Michaelan and Jeffrey Michelson, Partner Continuing with the topic of industry trends from our last post, we explore the art of acquisition-side due diligence from full-scope financial and tax to limited-scope tax-only engagements.  We’ll look at what to expect and how to approach it.  Although commonly geared toward the investor/acquirer, i.e., […]
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Planning for the Coming Consolidation in the Cannabis Industry

By Michael Harlow, CPA, Partner In today’s Cannabis marketplace, we continue to hear one overarching theme.  The industry buzz on everyone’s lips is about “the future consolidation of the industry. This is driven by several factors: strong customer and revenue growth for retailers, price compression for wholesalers, an expected change in the legal landscape, new […]
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The Impact of Regulations on Price

By Yona Torres, New Frontier Data Contributing Editor In the 16 months since California legalized marijuana, cannabis prices in some California market sectors have plummeted 75%, according to the Washington Post. This steep decline, paralleled in Colorado, Oregon and Washington, is a product of the number of newly-licensed cultivators and the regulations that guide them. […]
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Business Challenges Intensify Amid Falling Prices in California

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Falling prices in the expanded California markets will drive operators to focus on per­formance efficiency and cost savings even while trying to establish branding and consumer engagement. (Sept. 10, 2017) -- As the burgeoning cannabis market has started to mature in markets […]
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Cannabis Investors Would Do Well to Keep These Three Tenets in Mind

Mitch Baruchowitz, Managing Partner at Merida Capital Partners What We Have Learned: Focus on adoption and make sure that investments have crossed the “fragmentation gap”, find management teams who have direct experience with the types of challenges they will face in their cannabis enterprise, and look for companies that serve large addressable markets that naturally […]
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An Rx for Returns: Medical Markets Remain Sound for Investment in 2018

By New Frontier Data staff analysts What We Have Learned: With an annual GDP that would rank by itself as the world’s sixth-largest national economy, California will best the top three U.S. medical cannabis markets by revenue in 2018. Oct. 1, 2017: Next month will mark a year since millions of Americans successfully voted to […]
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Florida’s Failsafe Measures Proved Sound Despite Hurricane Irma’s Impacts

By J.J. McCoy, Senior Managing Editor for New Frontier Data What We Have Learned: Florida’s nascent cannabis industry weathered the storm in better stead than many other traditional businesses. Sept. 17, 2017: Though Hurricane Irma last weekend legitimately threatened to be disastrous in Florida, catastrophe was largely averted despite storm-surge flooding and widespread power outages felt [...]
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