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Do you think big pharma is trying to slow the progress of medicinal marijuana?
Greetings anonymous. We hear that the likely impact of medical cannabis on big pharma amounts to roughly 1% of their industry sales (e.g. pretty insignificant), but we also hear that they are spending heavily on lobbying efforts against legalizing medical cannabis. I often liken the issue to recharg... more
Greetings anonymous. We hear that the likely impact of medical cannabis on big pharma amounts to roughly 1% of their industry sales (e.g. pretty insignificant), but we also hear that they are spending heavily on lobbying efforts against legalizing medical cannabis. I often liken the issue to rechargeable batteries for average home use. When they first came on the scene, the battery companies fought hard against their proliferation, but eventually realized that it was easier to join than fight, and started making their own rechargeable batteries. Most believe that, following federal legalization, big alcohol, tobacco and pharma will enter the industry, instead of continuing to fight to protect much more dangerous opioid and similarly addictive products. But in the meantime yes, it appears they are seeking to delay, limit or prevent the growth and legalization of medical cannabis.
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Anyone know if we can claim growing supplies as medical expenses on income tax?
Absolutely.
Cultivation supplies are attributable to inventory and thereby deductible through Cost of Goods Sold (COGS). Cogs is the allowable deduction under IRC 280E.
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What are the core capabilities and services offered by High Performance? What are the core capabilities and services offered by High Performance? (read more)
I would suggest a quick look at our web site and watch a brief animated short that will provide you information on our company and solution.
... more- Consulting
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Are blockchain technologies suitable for the cannabis industry? Are blockchain technologies suitable for the cannabis industry?
Absolutely. I believe that blockchain technology can encourage better management in supply chains by identifying inefficiencies, creating a real-time non-paper record, allowing cannabis companies to reduce costs and thereby improve their operations.
Cryptocurrency and Blockchain companie... more
- Lawyers & Legal Services
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What kind of routine maintenance do supercritical extraction systems require? What kind of routine maintenance do supercritical extraction systems require?
Hello, If the system is made to a minimum of food grade specifications, you would only need to run the system with no material only co2 and ethanol for 90 minutes to 2 hours.... more- Extraction
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What are the challenges of building a POS software compliance platform for the cannabis industry when regulations vary so much from state to state?
What are the challenges of building a POS software compliance platform for the cannabis industry when regulations vary so much from state to state? For example, will you have to build a completely different system to serve the state of Ohio once cannabis operations begin there? &nbs... more
What are the challenges of building a POS software compliance platform for the cannabis industry when regulations vary so much from state to state? For example, will you have to build a completely different system to serve the state of Ohio once cannabis operations begin there?
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How much dried cannabis does your equipment package an hour? How much dried cannabis does your equipment package an hour?
Thank you for the question.
We have actually 2 different levels of automation for the preservation and packaging of dried Cannabis. We have done this due to the wide range of production values we see. We have a semi automated system the requires an operator. This syste... more
- Packaging & Labeling
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Hi. I am interested in cannabis dispensary. How can I secure funding for a start up dispensary? Thanks
Hello Tony, I make no excuses for not responding. I apologize. If you have not already obtained this information.
There are several things that must happen before seeking or even securing capital for a dispensary; especially a startup. Things to consider:
(1) Do you own land in an opport... more
Hello Tony, I make no excuses for not responding. I apologize. If you have not already obtained this information.
There are several things that must happen before seeking or even securing capital for a dispensary; especially a startup. Things to consider:
(1) Do you own land in an opportunity zone, or have the ability to purchase it?
(2) Do you the team required to successfully operate a dispensary?
(3) Are you purchasing a pre-existing license or applying to secure a new license?
(4) If either, do you need just once license?
(5) What are you looking to do at your dispensary and sell?
(6) Do you have a business plan that is investment ready?
(7) How much skin in the game did you put in?
(8) What is your ask (how much capital will you need)?
(9) What is your offering (what percentage of equity are you offering an investor)?
(10) What's your exit strategy?
Be sure that all business partners and team members have clean criminal backgrounds, professional or hands-on experience and finally; be sure they are all aligned with your vision and how you see it being carried out.
Again, I apologize for the extremely delayed response. I will be sure to activate my subscription to receive emails when someone asks me a question.
Good luck and much success!
Khadijah Adams
www.cehutton.com
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Have well does N2 packaging work for terpene stability of stored cannabis? Have well does N2 packaging work for terpene stability of stored cannabis?
That is a great question.
We are currently engaged in a 5 year test exclusively to determine how well our packaging stabilizes Terpene profiles in Cannabis Flower. We commissioned an independent lab to conduct this study. They took our packaging along with Glass Jars, Plastic... more
- Packaging & Labeling
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