May 15, 2019
It is no secret that Amazon has taken over the retail game and changed the way we buy virtually everything. My front porch cannot go two consecutive days without an Amazon package sitting on it, and I know that some front porches see even more action than mine. What has been more under the radar, at least for some, is Amazon’s propensity to disrupt other industries. Amazon has ventured into cloud computing, music streaming, entertainment content, healthcare, and a multitude of others.
May 7, 2019
Uber and Lyft are poised to join the ranks of Pepsi & Coke, and Boeing & Airbus, in becoming one of the most highly examined duopolies in the business world. Uber and Lyft are the two primary competitors in the ride sharing industry , nd their size dwarfs that of the next closest competitor in terms of monthly rides and annual revenue.
April 25, 2019
Cannabis regulation is complex and here to stay. In the midst of compliance, regulation and marketing no-no’s how can your cannabis brand stand out? The questions have shifted from “how are you going to grow your product? to how are you going to sell your products?
April 5, 2019
Lyft went public this week. Why do company such as Lyft keep going public without having any profit to show for it? The last time we saw this type of activity on Wall Street was during the dot-come bubble burst. How is there such a high valuation for companies that are losing money?
April 4, 2019
The SAFE Banking Act is proposed legislation to protect banks and their employees doing business with legal cannabis enterprises. The House Financial Services Committee approved an updated version of the SAFE Banking ACT. With this approval, there could be good news on the horizon for banks and cannabis companies.
March 19, 2019
The New York State Governor “isn’t sure” if marijuana legalization will be in this year’s budget. What does this mean? In my opinion it is essentially is a delay tactic. It is also a great opportunity.
Governor Cuomo promised that in the first 100 days of his third term, adult use recreational cannabis would be legal. It seems as though he isn’t sticking to his promise.
February 28, 2019
As states across the nation continue to legalize marijuana there is a lot of excitement, but also a lot of unanswered questions. The cannabis industry is new, it’s federally illegal, and it’s risky. But, as the saying goes “with great risk comes great reward.
February 20, 2019
Baby boomers own around two-thirds of all privately held businesses in the US. It is no secret that this generation is knocking on the door of the typical retirement age with many looking to transition their businesses and ride off into the sunset. The numbers are likely to be staggering over the next decade, with the potential transfer of wealth amounting to a number in the double digit trillions of dollars. The transition of baby boomer businesses is something that should get more than a little bit of attention in the coming years.
February 14, 2019
A subcommittee in the U.S. House of Representatives recently took up a bill that would protect banks and their employees doing business with legal cannabis enterprises. On February 13th members of the House Financial Services Subcommittee heard testimony from representatives in the financial sector, the cannabis industry, law enforcement, and the treasurer of California in support of legislation that would make it easier for banks to work with legal cannabis businesses without fear of federal prosecution.
January 30, 2019
New York State has decided to separate itself from certain personal income tax changes brought on by The Tax Cuts and Jobs Act (“TCJA”). This will allow you to treat the items listed below the same as you would have prior to the TCJA.