Accounting expertise for the Cannabis industry: An interview with HBK CPAs & Consultants

Janet. Who's Who Support Janet. Who's Who Support
Posted at March 1

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

Categories: Accounting  |  Compliance & Policy  |  Consulting
Tags:
  • #Accounting
  • #consulting
  • #280E
0 Comments

David Feldman: Dealmaker Turned Weed Lawyer

Janet. Who's Who Support Janet. Who's Who Support
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

Categories: Consulting  |  Hemp  |  Lawyers & Legal Services
Tags:
  • cannabis lawyer
  • Skip Intro Advisors
0 Comments

Avantpay|19 - the intersection of Payments | Cannabis | Cryptocurrency

Joshua Radbod Joshua Radbod
Posted at 3/31/2019

Hi everyone, just joined here! We at Avantpay are hosting a conference (www.avantpay.io) in Washington DC, Sept 30 - Oct 1, 2019 and are looking for speakers who are experts in payments, cannabis, & cryptocurrency. Please check us out and let me know if you are interested in participating in some way (speak/attend/sponsor). Expecting 500+. Thanks!

Joshua M. Radbod 

...more

Categories: Banking & Payment Processing  |  Cannabis Accessories  |  Cannabis Provider  |  Accounting  |  CBD Products  |  Compliance & Policy  |  Consulting  |  Credit & Collection Services  |  Cultivation  |  Data Services  |  Delivery Service  |  Education & Training  |  Energy & Sustainability  |  Events & Conferences  |  Extraction  |  Greenhouses  |  Hemp  |  HR, Recruiting, Staffing  |  Infused Products & Edibles  |  Insurance  |  Investment, VC, PE Financing  |  Lawyers & Legal Services  |  Packaging & Labeling  |  Publications & Media  |  Real Estate  |  Security  |  Software & Point of Sale  |  Water & Irrigation
Tags:
  • #payments
  • #cannabis
  • #cryptocurrency
  • #avantpay
  • #cryptocannabis
  • #cannabiscrypto
0 Comments

ISO - Is it worth it?

Tracy Hawkey Tracy Hawkey
Posted at 3/6/2018

ISO-certified companies all say the cost and effort to become certified is well worth it! 


As the cannabis industry becomes more competitive, a growing number of cannabis companies are looking for ways to differentiate their operations, whether that means offering value-added services or implementing the latest lean techniques. 


One best practice that many of today's leading shop's tout is ISO 9001 certification. The ISO standard is based on implementing seven quality management principles, including a strong customer focus, Evidence-based decision making, and continuous improvement. 


The basic goal of the ISO 9001 standard is to help companies provide customers with consistent, good quality products and services, which, in turn, often brings business benefits like improved financial performance. 

ISO standards are certain to help you increase profitability by

  • Improving the quality of your goods and services
  • Enhancing your credibility and build consumer confidence
  • Cutting the business costs of poor service and reduce customer complaints 
  • Processes will be aligned and understood by everyone in the business which increases productivity and
...more

Categories: Advertising, PR, Marketing  |  Consulting  |  Compliance & Policy  |  Branding Services
Tags:
  • Compliance
  • ISO
  • Certification
  • Profits
  • Continuous Improvement
  • Evidence-Based Decision Making
  • Quality
  • Enviornment
  • Health & Safety
  • Customers
0 Comments

What Insurance Companies may want to Consider before Insuring the Marijuana Industry

JB Woods JB Woods
Posted at 6/3/2017


By J.B. Woods, Greenpoint Insurance Advisors, LLC  © 2017 All Rights Reserved  (This article was originally published in Trusted Choice of Colorado)

The most recent election captured the attention of the insurance industry when states like California, Nevada, Massachusetts, and Maine voted to legalize marijuana along with medical marijuana initiatives being approved in other states such as Florida, North Dakota, and Arkansas.  Over half of the United States has some form of marijuana law.  According to Arcview Market Research, the marijuana industry resulted in $6.7 billion in sales for 2016 and made it one of the fastest growing industries.1

With the amount of growth in the marijuana industry, most insurance brokers are inclined to believe that insurance companies would be eager to offer commercial products such as commercial liability, product liability, directors & officers, property, and workers compensation.  This has not been the case, as insurance carriers have grappled with the notion of insuring a product that is federally illegal.  The result has been disappointing, as insurance companies have eagerly entered, but then later exite...more

Categories: Investment, VC, PE Financing  |  Consulting
Tags:
  • marijuana
  • insurance
  • lloyds of london
  • cole memo
  • cannabis
0 Comments

Is The Admitted Insurance Market Ready to Insure Pot?

JB Woods JB Woods
Posted at 6/3/2017

The Golden State Could Be a Game Changer for the Marijuana Insurance Industry
©2017 Greenpoint Insurance Advisors, LLC


Breaking news out of California when The Californian reported California Insurance Commissioner Dave Jones wants admitted insurance carriers to insure marijuana.  This will not be an easy task for Commissioner Jones considering the fact Lloyds of London does not offer insurance to the marijuana industry. 

For those who may not know, admitted insurance carriers are well known companies approved and  subjected to regulation by the state in which they operate.   Admitted insurance carriers are typically companies like Travelers, Hartford, Farmers, and State Farm to name just a few.   Historically, these companies have no interest in insuring marijuana. 


Currently, the cannabis insurance industry purchases insurance through the non-admitted insurance markets.  There is less competition, more stringent underwriting, and limited coverage offerings.  For example, product liability and directors and officers insurance is extremely difficult to procure.  The few insurance carriers offering the coverage ...more

Categories: Consulting  |  Investment, VC, PE Financing
Tags:
  • marijuana
  • insurance
  • california
  • cannabis
  • product liability
  • admitted carrier
  • non-admitted carrer
0 Comments

The Cannabis ECN 2017 Roster of Featured Experts

Janet. Who's Who Support Janet. Who's Who Support
Posted at 5/3/2017


Download the 2017 Roster of Featured Experts

The National Cannabis Industry Association (NCIA) is the only national trade association advancing the interests of the legitimate and responsible cannabis industry. Our industry supports tens of thousands of jobs, tens of millions of dollars in tax revenues, and billions of dollars in economic activity in the United States annually. NCIA's nearly 1200 members include some of the most notable and successful cannabis entrepreneurs and business owners from around the country. It’s their experience and expertise that make the Cannabis ECN® such a valuable resource for those new to the industry, as well as to small business owners who need professional advice to take their businesses to the next level.

The goal of this 2017 Cannabis ECN® Roster of Featured Experts is to connect cannabis industry experts with information-seekers and entrepreneurs in a professional and welcoming environment. To explore the free online features of the Cannabis ECN® and to get to know the many experts on the platform who are ready to answer your questions and help you tackle industry-specific challenges, please visit http://cannabis.expertcalling

...more

Categories: Compliance & Policy  |  Cultivation  |  Cannabis Provider  |  Extraction  |  Consulting  |  Greenhouses  |  Infused Products & Edibles  |  Lighting  |  Advertising, PR, Marketing  |  Health Care Professionals  |  Investment, VC, PE Financing
Tags:
  • Boveda
  • Eden Labs
  • Envirotech
  • Extract Advisors
  • ExtractionTek
  • Heliospectra
0 Comments

Crucial to your success...Co2 Extraction System Selection

AC Braddock AC Braddock
Posted at 2/21/2017

Eden Labs’ Blog

Pumping Systems in CO2 Extraction:
Why and How to Evaluate Liquid, Gas Booster and Dual-pump

by Fritz Chess, Founder
CO2 Pumping Systems - Supercritical to Your Success.

When shopping for a supercritical CO2 extractor, the most important consideration is the pumping system of the extractor. This is the heart of the extractor which determines the rate and yield of oil that will be produced. Yet the pumping systems for CO2 extractors are plagued by design flaws and manufacturing mistakes. To make a wise investment in a CO2 extractor it is essential to understand the pumping system within the machine.

Evaluating Pumping Systems in CO2 Extraction

There are three basic pumping configurations used in CO2 extraction: liquid, gas booster, and dual- pumping. A liquid pump, pumps liquid CO2. A gas booster pumps gaseous CO2. In a dual-pump system, the liquid pump and gas booster are both used in the same extraction process. This article will explain how the three designs work and look at the pros and cons of both.

Gas Boosters: The Legacy CO2 Extraction Systems

The gas booster design was pioneered by Eden Labs in 2003. At the time, most closed-loop s

...more

Categories: Extraction  |  Consulting  |  Infused Products & Edibles
Tags:
  • SCFE
  • Supercritical Extraction
  • co2 oil
  • co2 extraction
  • solventless extraction
  • subcritical co2 extraction
  • eden labs
  • extraction systems
  • epilepsy
  • essential oils
  • toll processing
  • terpene extraction
  • terpenes
  • winterizing
  • hemp
  • cannabis
0 Comments