Q&A with Wana Brands CFO Sandy Li
In July, industry behemoths Trulieve Cannabis Corp. and WM Technology (parent company of Weedmaps) experienced a C-suite shakeup when their chief financial officers resigned....
Debt Financing Is on the Rise
With cannabis stock prices stalling and sliding over the past few years, companies increasingly have turned to debt financing as a means of raising...
Are Delayed Tax Payments a Viable Capital Allocation Strategy?
Notorious Mafia kingpin Al Capone never filed a federal income tax return, claiming he had no taxable income. Before he was convicted of tax...
What You Should Know About the Bank Secrecy Act
The Bank Secrecy Act (BSA) of 1970, also known as the Currency and Foreign Transactions Reporting Act, requires banks and other financial institutions to...
Is There a Solution to the Cash Crunch?
While the past few years have been no picnic for companies struggling to turn a profit, it looks like 2023 could be the most...
I Spoke to 25 VC Fund Managers. Here’s What I Learned.
At Poseidon, we track close to fifty funds investing in private cannabis companies. In the current economic climate, only about half are active. Despite...
7 Best Practices for Audit Preparation in the Cannabis Industry
It's the time of the year when businesses of every industry prepare for tax season. For the cannabis industry, seasoned plant-touching business owners and...
A Woman’s Place Is in the Executive Suite
During the great cannabis land grab between 2018 and 2020, one newly public multistate operator (MSO) was decidedly more reserved in bidding for licenses...
7 Tips for Building a Profitable Company
In every sense of the word, there’s plenty of green in the cannabis industry these days. For companies looking to be profitable, it’s essential...
4 Paths to Raising Capital in the Cannabis Industry in 2023
Warren Buffett once famously said, “When the tide goes out, you see who’s been swimming naked.” The Oracle of Omaha offered this sage bit...
