Assets in business are items or resources that a company owns that have potential economic benefits, i.e., the company uses them to operate or generate value. This can include equipment, vehicle, inventory, or property that is exclusively or primarily used Read more…
When people talk about sustainability and corporate social responsibility (CSR), the term “ESG” often comes up. This isn’t surprising as they are interconnected frameworks for responsible business. ESG stands for Environment, Social, and Governance. Unlike sustainability and CSR, which are Read more…
When you hear the word “lending,” the image that typically comes to mind is that of a term loan. You borrow from a bank, they check your credit history and cash flow, and if approved, give you a lump sum Read more…
Some challenges faced by dispensaries include the obvious ones: legality and regulatory issues being the most relevant and legitimate concerns. Navigating insurance claims in the cannabis industry is also a complex challenge; however, some professionals simplify the process, maximize recovery, Read more…
There was a time in the past when you had to walk to your local bank and get approved for a loan in order to start a business. That’s not always the case today, thanks to the emergence of alternative Read more…
From cultivators and extractors to testing labs and dispensaries, navigating insurance claims in the cannabis industry is one of the most complex challenges the cannabis industry faces, right along with filing federal tax returns to securing loans, financing, and managing Read more…
As a proud Michigander, I understand why people from all over choose to vacation and travel to our beautiful peninsula that is surrounded by four out of five of the Great Lakes, which include: I also know first-hand how hectic Read more…
Natural disasters not only pose a severe threat of displacement to everyday families, pets, and community centers such as schools, places of worship, or sports fields/areas, but also affect businesses where these community members work and do business. For example, Read more…
Having debts isn’t necessarily good or bad. Many consider it a convenient business tool at their disposal. Getting a loan has its benefits, such as increasing cash flow and ensuring business continuity or becoming a lifeline that keeps the business Read more…
Insurance coverage can be tricky since cannabis is still illegal federally. Living in Michigan, one of the United States’ states where cannabis was legalized first medically, then recreationally, we have seen an enormous number of dispensaries pop up in the Read more…