When Bankruptcy isn't an option After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I at Opus Consulting (previously Nucleus One) shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to...
We're debunking the outdated notion that testing in-house is an unnecessary cost for cannabis businesses. As we see it, testing is becoming a key element of cannabis business strategy. Quick overview of in-house testing benefits: Improve your understanding of internal...
Structuring Your Cannabis Business for Success The first step to starting a cannabis business is establishing a corporate structure that best fits your needs. However, selecting a structure and outlining its tax implications can be challenging and confusing. This article aims...
Financial reporting for inventory might seem like a straightforward matter – just add up all the costs to produce the inventory, right? Not quite – there’s more to it than meets the eye. Method The method of inventory costing chosen and the assumptions employed to allocate...
Does there seem to be lack of engagement among your employees? Are you having difficulty retaining your team members? It might be time to implement some of the following tools to improve retention and communication within your workforce. #1 Recruitment Management...
This past week, Maine Governor Janet Mills released a plan to avoid taxing Paycheck Protection Program (PPP) loans, an option that was previously considered by the Mill’s administration. Mill’s original budget called for taxing the forgivable loans to make up for a $100...
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 cannabis. Brands grew...
Episodes 5 of Re-Invent Videocast with Don Martelli of the Belfort Group and our president Jacques Santucci features Eric Shooman, founder of Stint, and discusses how his firm created a job search CRM in response to COVID-19. Topics discussed...
Episodes 4 of Re-Invent Videocast with Don Martelli of the Belfort Group and our president Jacques Santucci features Renaud Megard, CEO of Nameplates for Industry, and discusses how his firm used COVID-19 as an opportunity to innovate...
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