• What you should know about Worker’s Compensation Insurance

    Too many hardworking small business owners fall victim to false beliefs and rumors about the law and wind up risking everything. I have other helpful resources about workers compensation insurance to share once we know what applies in your specific situation. Reach me through the contact information at tonynovak.com.

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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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  • 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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  • Eight Inconvenient Truths About the Cannabis Industry (that nobody is talking about)

    CPAs in the cannabis industry are not being candid, honest and straightforward in talking about the cannabis industry. While I’m not suggesting that there are any easy corrections available for current positions, I do think that it makes sense for us to address the facts directly and honestly.1 A headline in a CPA newsletter today…

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  • Cannabis banking bill passed by House

    Today the U.S. The House of Representatives passed a cannabis reform bill for the first time. The new law would permit cannabis businesses to access banking and financial services. The bill passed in a vote of 321-103. A total of 230 Democrats voted in favor of the bill while 91 Republicans also voted for the legislation.…

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  • Federal cannabis banking law introduced

    This coming week the U.S. House of Representatives will introduce H.R. 1595, the SAFE Banking Act of 2019 that is intended to legalize cannabis banking. The bill has already cleared the Financial Services Committee and is expected to be voted on through a process known as ‘suspension of the rules’ that requires two-thirds of the…

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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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