Join HBK Cannabis Solutions and Cannspire for: The Future of Cannabis Cultivation Operations and Costing
Posted at 3/29/2022
Date: Friday, April 8, 2022
Time: 11:00 a.m. - 12:00 p.m. ET
Host: Christopher Marrie, CPA, CCIFP, Principal and Director of HBK Cannabis Solutions and Warren Harasz, VP of Compliance at Cannaspire
As the cannabis industry grows and matures, better practices in operations and costing are necessary to remain competitive, balance quality with compliance needs, and keep your organization ready for long-term objectives such as exits, expansion, and sustained profitability.
In this interactive webinar, Christopher Marie, Director, Cannabis Solutions Group at HBK CPAs & Consultants and Warren Harasz, VP of Compliance at Cannaspire, will discuss best practices that can be implemented now including:
• How to better identify commonly overlooked cost savings opportunities in your cultivation’s operations.
• Achieving the goals of product quality and product compliance without sacrificing one for the other.
• Lowering unexpected tax and compliance risks with better systems and SOPs.
• Effective and time-efficient costing methods to identify inefficiencies and make better decisions than your competition.
This discussion includes an interactive Q&A to discuss i...more
The Secret to Safer Cannabis Edibles: An interview with Leah D'Ambrosio, COO, of Baked Smart LLC
Posted at 4/6/2021
An interview with Leah D'Ambrosio, COO, of Baked Smart LLC
Before we begin, we understand that you are recently recovering from COVID. Is there anything about that experience you’d like to share with the Who’s Who in Cannabis network?
It was probably one of the worst illnesses I’ve ever been through. I was bedridden with excruciating body pain for two weeks and the worst part was I couldn’t sleep, read, watch TV or even listen to a podcast. After that I had zero energy for three months. The fatigue was so extreme I could only work an hour or two a day, if that. Thankfully at the beginning of February, I finally started to feel better. Two interesting things happened during COVID with cannabis. During the first two weeks I couldn’t ingest or smoke cannabis because when I closed my eyes, I would feel like I was falling off of a cliff and it was really scary and unsettling. But once the two weeks of pain stopped, I was able to eat my 1:1 edibles and found they helped me sleep and alleviated the panic I was having about not healing faster. I truly believe the reason I didn’t get depressed and feel hopeless during this intense period of recovery was because of cannabis.
That sounds lik...more
Accounting expertise for the Cannabis industry: An interview with HBK CPAs & Consultants
Posted at 3/1/2021
First off, how are you and your firm doing in light of COVID-19? What adjustments have you made to your business as a result of the coronavirus?
In 2012, we began re-engineering our technological environment to accommodate remote access (or with remote access at its core). The resulting centralized management, teleconferencing solutions, and improvements in digital processing have enhanced interaction and collaboration among our users and with our clients independent of geographic location. The team members in our Cannabis Solutions Group are in different geographic areas and have been working remotely as a team for years. Many of our clients are also in geographic areas as well. Consequently, the transition in 2020 to working remotely for the professionals and staff of our 17 offices was seamless—without interruption or disruption of our services. The biggest difference was less travel.
How did HBK CPAs & Consultants first start working in the cannabis industry?
Initially, our existing clients came to us with their investment opportunities in the industry in the western part of the country. As their trusted advisor, we began learning about the industry, we s...more
WE ARE ONE STEP CLOSER TO THE SUPREME COURT
Posted at 12/8/2020
On November 6th, we filed a petition with the Supreme Court to hear whether expressly state legal cannabis violates the CSA and whether Section 280E is unconstitutional. A very important second step is for the Government (through the Solicitor General) to respond to the Petition. The Justices never grant a petition without a response. Most of the time the Solicitor General "waives" response - which is code to the Justices that there's "nothing to see here, move on". To get a government response to a Petition is exceptional. Thus, it is an important second step. Without it, we lose.
Today, Acting Solicitor General, Jeffery B. Wall, filed with the Supreme Court a request asking for an additional thirty days to file his response to the Standing Akimbo Petition. The importance of this motion is that the Government states it intends to file a response. You can see the request here. https://www.supremecourt.gov/DocketPDF/20/20-645/162996/20201208113820061_Extension%20Letter%2020-645.pdf I feel confident that we are accomplishing this second step.
Does State Legal Cannabis Violate Federal Law? The Supreme Court Needs to Weigh In!
Posted at 11/11/2020
We are continuing the fight to determine once and for all whether state legal cannabis is a federal crime.
David Feldman: Dealmaker Turned Weed Lawyer
Posted at 11/2/2020
An interview with David Feldman, Partner at Hiller PC and CEO of Skip Intro Advisors.
First of all, how are you and your family doing in these COVID-19 times?
It has been a difficult time for sure, my fiancé and I are used to extensive business travel, speaking at conferences, and business development focused on in person meetings. It has required a rethink of the marketing approach, much more online and on the phone, as we wait for the return to whatever the new normal will ultimately be. That said, it’s been great to have the time together. My son is a Broadway star and luckily finished his one year run a few weeks before the shows shut down, but again a stressful time for us all.
Tell us about you, your career, how you first found work in the cannabis industry.
How much time do you have? Lol… Seriously, I’m a Wharton grad, former chair of the school’s worldwide alumni association, went to law school at Penn as well. I spent 7 years at giant law firms then had my own firms for almost 20 years, and we were the #1 firm in the country in the world of “private investments in public equity” (or PIPEs) for seven of those years. I u...more
Colorado Governor signs Full and Unconditional Pardon for Individuals Convicted of Possession of One Ounce or Less of Marijuana
Posted at 10/9/2020
This deserves special attention! For the individuals pardoned in this Executive Order, all rights of citizenship associated with the pardoned conviction are restored in full without condition. All civil disabilities and public sufferings associated with the pardoned conviction are removed.
Tenth Circuit Rules that State Legal Marijuana Violates Federal Law
Posted at 4/7/2020
Dear Clients and Colleagues:
Today the Tenth Circuit Court of Appeals issued its published decision in Standing Akimbo v. United States. The decision is located here.
It is a 39-page decision. There is a lot of complexity but it is generally unfavorable to the marijuana industry and the Colorado laws and constitution supporting marijuana. Here are some bullet points from the decision:
The State of Colorado is bound by this decision. While the State of Colorado, did not answer or defend, the Tenth Circuit Determined that the State was nevertheless a party sufficient to be bound by this decision.
While the Tenth Circuit stopped short of actually declaring the Colorado laws invalid under preemption, it made clear that Colorado was violating federal law. The Court stated: “[T]he CSA reigns supreme. . . The Supremacy Clause unambiguously provides that if there is any conflict between federal and state law, federal law shall prevail. . . [S]tate legalization of marijuana cannot overcome federal law. . . So, despite legally operating under Colorado law . . .” such persons are conducting “unlawful activities” under federal law.
The Tenth Circuit reaffirmed its posit