The Business of Kush

Organic and premium flower not only attracts discerning customers, but also wins some of our industry's top awards.So in this week's episode, Chip sits with David Miller and Erich Maelzer from Flow Gardens Indoor Cultivation to talk about how these two founders and cannabis entrepreneurs are bringing organic and hydroponic grown premium hemp flower grown in East Tennessee to the marketplace. And their stuff is really good! They’re Emerald Cup Winners and High Times Cup Winners so they know what they’re doing.  You’re really going to enjoy this episode.Plus, David and Erich stick around to participate in our "News of The Day" segment.About Flow Gardens Indoor Cultivation:You can find them on the web at https://flowgardens.com/ or on Instagram by clicking here: Flow Gardens 420What to listen to next:Episode 26 - How to Leverage Data To Increase Sales with Jeffrey Graham of Pistil DataEpisode 34 - Private Equity, Match Made in Heaven or Hell on Earth?Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!Connect with The Business of Kush:Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Entrepreneurs start bootstrap companies and leverage their unique skills to grow a business. As they achieve success, many founders fall into the same trap, where they hold on to too many responsibilities and struggle to delegate tasks effectively.As a cannabis entrepreneur, you need actionable solutions to this challenge.So in this week's episode, Chip provides effective steps every cannabis business owner can take to increase your company's value and delegate tasks off your plate. We discuss strategies to help you learn how to break down larger activities into distinct tasks and the four stages at which you can delegate.  And, ultimately, this will help your cannabis business to operate without your everyday involvement. This episode lays out a simple formula to mastering the art of delegation. Implementing this framework will solve operational issues, but more importantly, will make for a more valuable company.Plus, we'll have our "News of The Day" segment.Want to discuss anything in this week's episode? Just drop an e-mail to chip@thegreenleafcpa.com and we'll help!What to listen to next:Episode 18 - Four Ways to Turbocharge Your Cannabis BusinessEpisode 25 - Why Cash Flow is So Important For Your Cannabis Business and How to Get ItConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

In some circles private equity has gotten a really bad reputation, but the reality of the value of private equity to the economy is much more positive.  If you're thinking about talking with a private equity partner in the future or just curious about how private equity in the cannabis industry works, this episode is for you.  So, in this week's episode Chip dispels the myths about private equity with facts and give you the top three things every founder should know about private equity.  Plus, we'll have our "News of The Day" segment and talk about one of the biggest pieces of news for our industry in a long time. Check it out!Want to discuss anything in this week's episode? Just drop an e-mail to chip@thegreenleafcpa.com and we'll help!What to listen to next:Episode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableEpisode 30 - 5 Ways to Get Your Cannabis Business to Run Without YouConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

It’s one of the fundamental questions all owners must wrestle with: should you own a big chuck of a small company or a small piece of a large company? And this is especially important if you're starting up a cannabis company and thinking of funding growth with equity.Owning a relatively small slice of a big pie has worked out well for both Elon Musk and Jeff Bezos, but they may be the exception. So, in this week's episode Chip shares four good reasons why your best bet is to own a big chunk of a small pie. Check it out. Plus, we'll have our "News of The Day" segment and talk about cultivation takes and economic pressures in mature markets..Want to discuss anything in this week's episode? Just drop an e-mail to chip@thegreenleafcpa.com and we'll help!What to listen to next:Episode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableEpisode 30 - 5 Ways to Get Your Cannabis Business to Run Without YouConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

This week's episode is all about answering questions from cannabis business owners. Chip covers a range of topics, from resources to help you step back from your cannabis business without getting fully out, to lease accounting, to finding and keeping great budtenders, to the best software solutions for your cannabis business.Whether you're just getting started or you've been in the industry for a while, this episode is sure to have something for everyone.  So tune in and learn everything you need to know to make this year your cannabis businesses best one yet.Here's what we discuss:How to step back from your cannabis business but not get out entirely (02:30)Eight questions you'll need to be ready to answer if you're selling your business (06:23)Lease accounting is coming for cannabis businesses, what you need to know (09:54)How to find and keep great budtenders (14:53)The best software solutions for cannabis businesses (18:10)Plus, we'll have our "News of The Day" segment.Want to discuss anything in this week's episode? Just drop an e-mail to chip@thegreenleafcpa.com and we'll help!What to listen to next:Episode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableEpisode 25 - Why Cash Flow is So Important For Your Cannabis Business and How to Get ItConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Most every cannabis business starts small. It’s you and maybe a few investors realizing your dream of starting up a new cannabis venture, maybe in a state that just went legal. A lot of small businesses, cannabis or otherwise, stay small though either by choice or because they start chasing growth in the wrong places.So, this week let's talk about your cannabis business and its growth. Chip reveals the main factor why some businesses never achieve scale and realize growth. And we'll discuss four other considerations to look at if you find that the growth of your cannabis business has plateaued.Plus, we'll have our "News of The Day" segment.Want to discuss anything in this week's episode? Just drop an e-mail to chip@thegreenleafcpa.com and we'll help!What to listen to next:Episode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableEpisode 25 - Why Cash Flow is So Important For Your Cannabis Business and How to Get ItConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Do you feel stuck in the middle of your cannabis business, and maybe can’t even take a vacation?Well, the good news is there’s hope! And good reasons to get your business to run itself.A cannabis business that’s not dependent on its owner is the ultimate asset to own. It allows you complete control over your time so that you can choose the projects you get involved in and the vacations you take. And when it comes to getting out down the road (if that’s in your plans), a business independent of its owner is worth a lot more than an owner-dependent company.So, this week Chip reveals five ways to set up your business so that it can succeed without you.Plus, we'll have our "News of The Day" segment.Want your own copy of the e-book we discuss this week? Just drop an e-mail to chip@thegreenleafcpa.com and we'll get it over to you!What to listen to next:Episode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableEpisode 25 - Why Cash Flow is So Important For Your Cannabis Business and How to Get ItConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

We’re headed into uncertain economic times. Between inflation, and the continuing war in Ukraine to another election where all these folks seem to do is yell at each other from the top of their lungs. And while the cannabis industry has generally been mostly immune to rough economic times, and even grew during the pandemic in a lot of ways, it still creates complications in running your cannabis business. One of these best strategies includes following general guidelines on how others have handled their own turnarounds -- but remember each situation can vary so look at what works best with yours before trying anything else! Because there are no set playbooks to follow when it comes to your cannabis business weathering the storm, in this week's episode Chip gives five pieces of advice that will help keep your cannabis business afloat. Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!What to listen to next:Episode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableEpisode 25 - Why Cash Flow is So Important For Your Cannabis Business and How to Get ItConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

No matter what business you're in, pricing is always a key consideration. But when it comes to the cannabis industry, pricing can be especially tricky. There are countless factors to consider, from regulatory compliance to supply and demand. In this week's episode Chip outlines some of the most important considerations when setting prices for cannabis products and services. You'll learn how to price your product or service so that you can win in the competitive cannabis market!We all know that humans are irrational creatures. And as such, pricing a product can be just as much an art form than it is science! So, we'll also break down the psychological side of how to price your products so you get more sales. Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!What to listen to next:Episode 07 - How to Build and Sell Your Cannabusiness Like A BossEpisode 01 - The 10 Reasons Why Investors Pass on Investing in Your Cannabis BusinessEpisode 13 - Avoid These 5 Mistakes In Setting Up Your Cannabis CompanyConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

As more and more states legalize the plant, cannabis businesses – even existing ones – are presented with more profit-earning potential. But before you start any business, you need to have some idea of what the industry landscape is like: What's the earning potential? What risks will you face? Who's your competition?Given the cannabis industry’s relatively short history -- and with new states coming online all the time -- the industry is always changing and evolving. Which means for both the brand new cannabis entrepreneur and those who have been in business for a while, there's a lot to think about.If you’re ready to start a budding cannabis business, this episode is for you. And, if you've already set up your company and have been operating for a while Chip talks about some important aspects of your cannabis business to consider (bonus, it’s not too late).Having just passed our six-month anniversary, our gift to you is pulling the top tips and tricks from several previous episodes and packaging them up into one episode of what you need to know before starting a cannabis business and the steps to take if you decide to enter the cannabis industry.Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!In the order they're discussed, here are the episodes mentioned this week (hint, listen to these next):Episode 07 - How to Build and Sell Your Cannabusiness Like A BossEpisode 01 - The 10 Reasons Why Investors Pass on Investing in Your Cannabis BusinessEpisode 13 - Avoid These 5 Mistakes In Setting Up Your Cannabis CompanyEpisode 06 - What To Do When a Potential Investor Wants to Write You a CheckEpisode 11 - How to Legally Beat 280E While Still Protecting Your CannabusinessConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to t

Embracing digital adoption and integrating data tools properly are two critical ingredients in the recipe of successful cannabis businesses. In fact, the use of data that has been prevalent in mainstream companies of all shapes and sizes is starting to gain traction in the cannabis industry. And that's because using data properly can be a total game changer in terms of data utilization on your cannabis business’s sales and overall profitability.So, in this week's episode Chip welcomes Jeffrey Graham, the co-founder and CEO of Pistil Data, a cannabis tech company who help sales teams grow and save time by providing them with information and insights at their fingertips.He’s also an accomplished jazz musician and former executive with Google, BlackRock, Twitter and NorCal Cannabis.We talk about leveraging data to increase sales velocity as well as Jeffrey's success path in quickly building Pistil Data, including:👉🏼 The cannabis industry's "Big Shift" toward data and why data is a brand's “secret weapon" for understanding their market👉🏼 Making the leap from Silicon Valley to Cannabis - why this former Twitter/Google exec sees huge potential in weed👉🏼 Starting a tech company in cannabis and becoming a first-time weed entrepreneur at 50👉🏼 Raising capital and landing Snoop Dogg's venture capital firm as an investor👉🏼 How this jazz musician combines his love of cannabis to unlock the “flow state”Plus, Jeffrey joins Chip for our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!Find Pistil Data:You can learn more about Pistil Data's capabilities on the web at www.pistildata.com or you can connect with them on LinkedIn, Instagram or Twitter. What to listen to next:Episode 10 - The 5 Things You Absolutely Must Do Before You Even Think About Selling Your CompanyEpisode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of JayneConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

One issue that seems to be coming up a lot lately for cannabis business owners is cash flow, and for good reason. If your business runs out of cash, and cannot borrow from somebody or get more investment capital, then it’s probably about to fail. For your cannabis business to be as healthy and prosperous as possible, you need to keep an eye on profit, but also on cash flow. So this week Chip hones in on cash flow and talks about four reasons why cash flow is so important.And even if profit is looking healthy it doesn’t mean you'll have positive cash flow to support growth, so Chip will also give you five tips on how to accelerate and create positive cash flow.Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!What to listen to next:Episode 06 - What To Do When a Potential Investor Wants to Write You a CheckEpisode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of JayneConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Cannabis business owners are always looking for ways to save money in all aspects of their businesses, and none more so than with taxes. But with IRC 280E it can get very difficult to minimizing what you pay to Uncle Sam and also put that money back in your pocket.So in this week's episode, Chip sits with Justin Klein of Klein Capital Investments to talk about unique, legal tactics to save on cash taxes for your cannabis business. Justin is an experienced Certified Financial Planner (CFP) who is also the co-founder of a vertically-integrated cannabis company in Montana, so his insights are perfectly tailored to the cannabis business owner.It's a fun discussion where you learn not only about how the tools of financial planning can reduce your tax liability, but also put more money in your pocket and retain key employees. And, you'll hear Justin's unique take on the exciting growth of the cannabis industry.Plus, Justin was able to stick around to participate in our "News of The Day" segment where we touched on very timely and topical current events.About Klein Capital Investments:You can find Justin (the "Cannabis CFP") on the web at https://www.cannabiscfp.com or can connect with him on Instagram by clicking here: Cannabis.CFPAnd, Justin can be reached by phone on (406) 219-2273.What to listen to next:Episode 12 - Nine Tips To Create a Valuable, Resilient and Scalable Cannabis BusinessEpisode 14 - Here's What's So Important About a $1 Million Cannabis BusinessWant to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!Connect with The Business of Kush:Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity

Bitcoin, Etherium or DogeCoin!You can't go anywhere anymore without hearing about cryptocurrencies. Add to that the lack of safe banking for marijuana companies and the risk of so many cash transactions, and you may be curious if cryptocurrencies are an option for your cannabis business.Well, this week Chip talks all about cryptocurrencies and what you, the cannabis entrepreneur, should know about them.If you’ve thought about it, you'll learn some things maybe you didn’t know. And if you’ve said something along the lines of “I’ll never” you should still check out this episode because there also may be some things you didn’t know.We’ll talk about the pros and cons, as well as the regulatory considerations if you're planning to take a virtual currency as payment, regardless of your vertical.Plus, we'll have our "News of The Day" segment.Want to learn even more than we have time for in this episode (plus, how to protect yourself from crypto scammers)? Just send an e-mail to chip@thegreenleafcpa.com and we'll set up a time to talk. What to listen to next:Episode 10 - The 5 Things You Absolutely Must Do Before You Even Think About Selling Your CompanyEpisode 22 - How Being Like The Swiss Can Make Your Cannabis Business More ValuableConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity. Transacting in cryptocurrencies involves risk, which you should fully consider.

You probably already know that a customer or employee dependency can undermine the value of your cannabis business, but have you ever stopped to think how one of your suppliers could also lead to a valuation drop if you ever want to sell your business?In our study of over 55,000 business and thousands of actual transactions, we know that acquirers want to invest in businesses that inoculate themselves against danger. And, being dependent on a supplier can be a risk. So in this week's episode, Chip talks about why being like Switzerland can make your cannabis business more valuable and how to achieve that neutral independence.Plus, we'll have our "News of The Day" segment.Want the complimentary e-book, "The 4 Degrees of Delegation" we discussed in this episode? Just send an e-mail to chip@thegreenleafcpa.com and we'll get it right over to you!What to listen to next:Episode 10 - The 5 Things You Absolutely Must Do Before You Even Think About Selling Your CompanyEpisode 13 - Avoid These 5 Mistakes In Setting Up Your Cannabis CompanyConnect with The Business of Kush:Click here to Sign up to get e-mails from Chip Follow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

It's tax time again, and that means it's time to pay Uncle Sam! It also means the IRS once again ramping up audits of cannabis businesses. Yes, it seems as though the IRS is emerging from a COVID-induced slumber to once again set their sights on marijuana companies in legal states. And, when you understand that the average IRS audit of a cannabis company returns nearly 6 times the dollars to the Treasury per hour as compared to the average mainstream business audit, it’s easy to see why cannabis businesses are back in the IRS’s crosshairs. But, there's an equally important reason to get a handle on your taxes and that's from a business perspective. So in this week's episode, Chip talks about the one big mistake to avoid this tax season that can keep more money in your business rather than sending it to the government.Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!What to listen to next:Episode 03 - The Secrets of Raising Capital For Your Marijuana, Hemp or CBD BusinessEpisode 14 - Here's What's So Important About a $1 Million Cannabis BusinessConnect with The Business of Kush:Click here to Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. The audio clip from the TV series "Seinfeld" is owned by Netflix, Inc., included under fair use exemption of the U.S. Copyright Law, and is restricted from further use.Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Cannabis-infused products are among the growing trends in the diverse ways to consume marijuana. And, one of those products, cannabis-infused syrups, has already enjoyed consumer acceptance and excitement.In this week's episode, Chip spoke with Kenny Cottrell and Chris Johnson with CannaLean Infused Syrup. CannaLean creates specialized THC and CBD infused beverages for the growing cannabis drink market and this is clearly one of the trends we’re expecting to see in the cannabis industry. CannaLean products are sugar-free, gluten-free, vegan and organic.It's a fun, light-hearted but also honest discussion about a new and expanding way to consume.Plus, Kenny and Chris were gracious enough to stick around to participate in our "News of The Day" segment where we touched on very timely and topical current events.Find Cannalean:You can shop CannaLean on the web at www.cannaleansyrup.com or at over 27 dispensaries in the greater Las Vegas area. You can also connect with them on social media at Facebook or Instagram.  And, the next time you're in Las Vegas, stop by and see them at 3901 W Charleston Blvd, Las Vegas, Nevada 89102. What to listen to next:Episode 12 - Nine Tips To Create a Valuable, Resilient and Scalable Cannabis BusinessEpisode 14 - Here's What's So Important About a $1 Million Cannabis BusinessWant to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!Connect with The Business of Kush:Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

While taking time off from work is often much-needed to get away from a hectic work life, research also shows that it is important for your health.Whether you have three days, one week or two weeks of glorious vacation time, doctors say that if you don’t take advantage of this break from work, your stress and mental health will suffer.But for the cannabis entrepreneur, it can be tricky. Between when and how you should take time away to your employees knowing your company’s philosophy on taking vacation time it's not easy.So in this week's episode Chip talks more about the benefits of vacations for you and your employees, as well as the three invisible "gates" that stop most companies and their owners from being able to take time away.Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!What to listen to next:Episode 06 - What To Do When a Potential Investor Wants to Write You a CheckEpisode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of JayneConnect with The Business of Kush:Click here to Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

Hey Fam, taking a short break so no episode this week. But, we'll be back on March 15 with another dope episode!Until then, check out: Episode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of JayneEpisode 01 - The 10 Reasons Why Investors Pass on Investing in Your Cannabis BusinessConnect with The Business of Kush:Click here to Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.

The growth of your cannabis business is essential. However, to grow any enterprise you must continually seek ways to turbocharge its engine and cannabis businesses are no different. Essentially, you need to develop strategies that will drive sales to ever-higher levels while ensuring that your growth in revenues translates into higher cash flow and rising profits. So in this week's episode Chip talks about the four things you can do to turbocharge your cannabis business.Plus, we'll have our "News of The Day" segment.Want to learn more about anything discussed in this week's episode? Send an e-mail to chip@thegreenleafcpa.com and let's discuss!What to listen to next:Episode 06 - What To Do When a Potential Investor Wants to Write You a CheckEpisode 15 - How to Build a Successful Dispensary with Christy and Haley from Haus of JayneConnect with The Business of Kush:Click here to Sign up to get e-mails from meFollow The Business of Kush on Instagram for bonus content and tips to grow your cannabis business, and join our community on Facebook. And, if you're enjoying this podcast, please use this link to leave a review on Apple Podcasts. This podcast is for the cannabis community, and each review increases to possibility that this podcast can be seen by people in our community. Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.