Episode Library

There are a lot of reasons business, either cannabis or mainstream, fail. Some of them are due to poor management, not being in a definable niche or just plain dumb luck. And, while these circumstances are frustrating, a lot of times they’re unavoidable. At the same time, there are common themes we see from failed businesses that come up time and time again and really don't have much to do with management style or with luck. The good news is once these issues are identified, they’re straight-f...

One of the most interesting phenomenon you’ll ever see with entrepreneurs is called the "hub-and-spoke" owner. A natural attribute among successful entrepreneurs, it's similar to being in the middle of your business like a hub is in a bicycle wheel. The hub-and-spoke model is helpful for founders to get their cannabis companies up-and-running. At the same time, because acquirers generally avoid hub-and-spoke managed businesses, Chip talks in this week's episode about the nine ways to know if yo...

Christy Spanton and Haley Hunt are building a boutique hemp dispensary in the most improbable of places: deep in the heart of Texas. Through hard work, dedication to educating their customers and a love of the plant, Haus of Jayne is quickly becoming a destination stop. Established in 2020, Haus of Jayne offers a complete shopping experience and a relaxing environment. In this week's episode, Christy and Haley join Chip to talk about their success path in quickly building Haus of Jayne, includ...

Think for a moment about what does the word valuable mean for you and your cannabis business? Maybe it’s a business you can pass along to your kids or other family members? Maybe it’s one that you can use as a platform to acquire other cannabis businesses in different markets or geographies, or as a means to vertically integrate. Often when we talk about a valuable cannabis business we’re talking about one that’s a million dollar business. In this week's episode, Chip talks about what’s so sp...

Did you know there are things you can do in the structuring and set up of your cannabis business that can pay huge dividends in terms of making it more efficient, less frustrating and putting more money in your pocket in a tax efficient manner? And, one of those things is how you set up your new cannabis venture. Starting a cannabis business is exciting, but don't overlook the details. It's important to think through which type of business entity makes the most sense for your company today and ...

Whether last year was a banner year for you or you’re looking to 2022 to be that year, you’re likely always thinking about ways to boost the value of your cannabis company. So, with 2021 firmly in the rear-view mirror, this week Chip talks about nine New Year’s resolutions to consider that can help you create a more valuable, resilient and scalable cannabis business. Plus, we've got our "News of The Day" segment. What to listen to next: Episode 07 - How to Build and Sell Your Cannabusiness Li...

If you've been in the cannabis industry for any amount of time and have a business that touches the plant in any way, you likely already know about Internal Revenue Code Section 280E, uggh. So, this week we’re gonna get down and gritty with this most frustrating, most impactful, and most misunderstood aspect of accounting and finance for cannabis companies: the dreaded 280E. But, don't worry. In this episode, Chip will discuss the background behind it, demystify things, and give you the roadma...

Happy New Year! If you’re thinking about selling your cannabusiness now or anytime in the future, this week's episode is for you. Chip talks about the five things you absolutely must do before you even think about selling your company. Plus, we’ll talk about what the landscape looks like for cannabis transactions in 2022. And, for a successful exit you need to be able to say a hearty “Yes!” to two important questions: 1) is your business ready for you to exit, and 2) are you personally rea...