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Big Marijuana Enters South Jersey
This week Acreage Holdings, one of the world’s largest vertically integrated international marijuana companies, said it was buying “100% of the equity interests” in Compassionate Care Foundation in Egg Harbor in anticipation of the New Jersey’s intention to legalize cannabis for adult recreational use. Compassionate Care Foundation’s vertically integrated operations include licenses for cultivation, manufacturing…
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Looking past decriminalization
This coming week our federal legislature will take up a bill to decriminalize cannabis. Most states, including ours, are attempting similar measures. But my form’s focus isn’t on these proceedings. In fact, we have little confidence in the near term outcome. That timeline really doesn’t matter in the big picture. What we know is that…
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November 2019 update on cannabis in NJ
Here’s where we are with the insanity and injustice of cannabis law in our part of New Jersey right now. The state’s next dispensary will open in about a month here in Vineland. Initially the facility will be open for training; its locally grown cannabis supply won’t be available until next year. The facility is…
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The role of the CFO in the marijuana business
The role of the small business Chief Financial Officer (CFO) is typically described in four distinct functions. I describe my own CFO role as filling five functions in the emerging marijuana industry. #1 Recordkeeping The CFO has primary responsibility to assemble, safeguard, manage and store the financial records of the company. This basic but necessary…
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Caution with CBD products
(hold for CBD banner advertisement photo) I talked with two local small business owners this weekend who recently started marketing CBD products in their shops. One is a local health food drink maker and the other primarily markets beauty products. Both were completely unaware of the risks they take in selling CBD products. They are…
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