Blog

  • Ready to sell your Profitable Business? Not Taking Advantage of this one Investment Could Harm its Valuation.

    July 17, 2019

    When thinking about your exit strategy options, there is an important advanced decision making process that needs to take place. This process has the potential to increase your total return, and it should without a doubt include, investing in a financial statement audit. This key piece is often overlooked, at the detriment to many business owners.

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  • Maximizing Cost of Goods Sold for Businesses Operating in the Cannabis Industry

    July 11, 2019

    Cannabis is not legal for federal purposes, which means businesses operating in this industry are subject to Section 280E of the tax code. However, Cost of goods sold is not considered a tax deduction for purposes of Section 280E, and is instead considered an adjustment to gross income. Therefore, businesses operating in the cannabis industry are still able to reduce their gross revenue by the cost of goods sold that they incur.

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  • Legislative Updates in the Cannabis Industry

    July 1, 2019

    Proposed legislation in the cannabis industry is constantly changing. Two current pieces of proposed legislation have the potential to make a strong impact on the cannabis industry. The House of Representatives has confirmed they do no want to interfere with state laws, and NYS decriminalized recreational cannabis, rather than making it legal. One is a positive for cannabis advocates, the other a let down.

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  • More than Just a Piece of Fitness Equipment

    June 19, 2019

    Peloton is the latest technology company to file paperwork for an imminent IPO in 2019, joining the likes of Uber, Lyft, Zoom, and Pinterest. Peloton is not a typical fitness equipment company, and boasts a valuation similar to that of a high growth software company. John Foley, one of the co-founders and current CEO of Peloton was the subject of my favorite episodes of the “How I Built This” podcast and I strongly recommend it for anyone looking to learn more about the Peloton story from its inception.

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  • The Amazon Risk Premium

    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.

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  • The Ride Sharing Duopoly

    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.

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  • IP & the Cannabis Industry – An Exhilarating Industry with Indistinct Brands.

    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?

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  • Is Lyft really a Unicorn, or a Black Horse leading us to the Next Dot-Com Bubble Burst?

    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? 

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  • House Financial Services Committee Passes SAFE Banking ACT

    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. 

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  • Cannabis in New York State – What’s Next?

    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. 

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