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Meet High Demand Development

Bob Pohlman was driving home from Las Vegas, where he had just spent the 2016 July 4th weekend, when he noticed how much large-scale cannabis construction was underway in Sin City and its surrounding areas. Everywhere he looked it seemed cannabis cultivation sites, retail outlets, dispensaries, and lounges were on the rise. 
The infrastructure was being laid in anticipation of the new legislation which would be voted upon and passed by Nevadans in January 2017. Cannabis had not actually been legalized in the state yet! But it gave Pohlman an idea—an aha moment, if you will! Realizing that his home state of California would soon be in the same boat, Pohlman recognized an opportunity for a business endeavor of his own—one that would navigate legal cannabis companies through the state’s tricky regulations, bureaucratic licensing processes, and permit applications in order to successfully become a legal business. 
Although Pohlman was revered for his construction management and real estate …
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What Does Tax Revenue Mean To You?

Jan 1, 2018 marks a historic time in California’s history.  California became the 8th state to legalize recreational marijuana use.  California has approved marijuana for medical use since 1996, and according to the Board of Equalization, “…through June 30, 2016, $575,021,347 taxable sales of marijuana were reported to the BOE.” California has realized the lucrative business that marijuana sales generate.  2018 recreational marijuana tax revenue is projected to reach over $1 billion!
$1 billion in additional tax revenue will mostly be felt by the consumer in the form of excise tax and use tax.  Starting 2018, there will be another 15% excise tax on all recreational marijuana products.  However, if a medical marijuana card is presented upon purchase, the excise tax is not in effect and the consumer will not incur the additional 15% tax.
To understand and rationalize why the high tax on recreational marijuana, we need to look at the cost of enforcing marijuana possession laws.  According…
Location, Location, Location.
The time has finally arrived! The first adult use cannabis customer has made a purchase legally in California.Although CA is not the first state to legalize cannabis is it by far the largest.It is not breaking news that thousands of people have been and will continue working to enter the cannabis space in California in hopes of capitalizing on the huge opportunities.A lucky few have already begun or completed the process to enter the market legally starting January 1, 2018.Most of these businesses have been operating in the medical market and have a proven track record, others will be opening their doors or hitting the shelf with their product for the first time.Either scenario has one common denominator - they have a location. The most well thought out business plans are just words on paper until a location is secured.It seems so simple, buy or rent a space and open your business.Thousands if not millions of people have started their own small busines…
Dichotomy In the Industry
Who wants to own a cannabis company?  Who owns many of the existing cannabis companies?  Who are the people investing in new canna ventures?Is it wiser to invest in an existing brand or create your own from scratch?  The answers to these questions may not be as obvious as many would assume.  The first question is simple…. Everyone wants to own a cannabis company.  The other answers would surprise many people. 
Most associate cannabis companies with the typical stereotypes.They expect guys like Willie Nelson or Bob Marley to be the CEO.  These assumptions are so far from the truth it’s scary.  The average canna investor seemingly own suits valued more than some cars.They are high net worth, serial entrepreneurs that see not only the potential, but also the rewards associated with the cannabis industry.  Many of these investors do not even use the products regularly, however, they see the green!  We are in the midst of a modern day green rush.  Many other states …
Cannabis Advertising ROI
Whether you are attending expos, handing out marketing assets, using social media, or advertising on billboards, you are expecting some sort of return on the investment.Social media and google analytics provide the data for the traffic to your website, however how do you quantify the return on billboard advertising?In theory, billboard advertising seems like a great way to communicate to any and everyone driving or walking down the road.However, a few challenges may potentially prevent your business from billboard advertising in the area you desire.
According to the Advertising Association of America, “Billboard advertising should produce big profits.For every $1 spent on outside of home advertising, about $5.97 in sales are generated.”Weedmaps has 416 billboards in 10 states and 55 billboards in Canada.I can only imagine the price tag for each billboard, although, it is public information that Weedmaps brings in $400,000 in revenue per day.